720 Piedra Dr, Canon City, CO 81212

Fantastic Opportunity! Very nicely maintained 4 plex near the Hospital! Tenants love the location near doctors, hospital, school and pool! Sellers recently installed a new boiler system and heat (for $26,000) and have taken good care of the property. They live out of town and want to liquidate to buy property in their city. Gross Rent Multiplier is over 9%. Net income after expenses is about $18,800 per year!!! Net return is about 6% after expenses...Can't get that at the bank! This would be a nice property to owner occupy with 3.5% down FHA and the monthly payments would be approximately $1688 PITIM, with approved credit, interest rate subject to change. WOW!!! WITH ONLY $9,096 DOWN, WITH 3 APARTMENTS RENTED AT $550, YOUR NET PAYMENT WOULD BE ONLY $37.00!!! (INCLUDING UTILITIES!!!