475 SW 3rd Avenue, Cedaredge, CO 81413

Sweet location in the town of Cedaredge, with great proximity to amenities including downtown, library, grocery store, golf course and the Grand Mesa. Nice yard space with backyard privacy, newer storage shed, room for garden areas and covered carport. Large living and dining room with lots of natural light. Pre-Hud mobile home with stick built addition. 4 bedroom/2 bathroom home in good condition! New Furnace and lots of improvements! For investors, estimated rent between $1,300 and $1,400 for a 4 bedroom, 2 bath. With tenant paying utilities and estimated gross rent at $1,300/mo, annual rent is $15,600/yr. Subtract taxes and insurance estimated at $1,000/yr for annual net of $14,600. At those terms, Cap Rate is over 10.00%.