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$425,000
Est. payment /mo
3 Beds
2 Baths
1,476 SqFt
Active
770 NW Cedar Avenue Cedaredge, CO 81413
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Key Details
Property Type Single Family Home
Sub Type Stick Built
Listing Status Active
Purchase Type For Sale
Square Footage 1,476 sqft
Price per Sqft $287
MLS Listing ID 837064
Style Ranch
Bedrooms 3
Full Baths 1
Three Quarter Bath 1
Year Built 1973
Annual Tax Amount $1,394
Tax Year 2025
Lot Size 1.200 Acres
Acres 1.2
Property Sub-Type Stick Built
Property Description
Cedaredge Investment Property – Home + 2 Rentals on 1.2 Acres | ~10% CAP Income-producing residential investment in the heart of Cedaredge, CO. This 1.2-acre offering includes three separate rental units—a 1974 stick-built home (3 bed/1.75 bath, 1,476 sq ft) plus two single-wide trailers (2 bed/1 bath and 1 bed/1 bath)—generating $3,457/month ($41,484/year) in gross rents at an approximate 10% gross CAP rate. All units are on town of Cedaredge water (3 taps) and town sewer. Proven, steady rental history from both private-market tenants and the Delta Housing Authority. Best of all, roughly half the property is undeveloped, offering room to add more trailers or another home (with additional water taps from the town) for significant revenue upside. A rare turnkey cash-flow property with built-in expansion potential in a growing Western Slope community. Offered at $425,000.
Location
State CO
County Delta
Area Surface Creek
Interior
Heating Forced Air
Cooling Evaporative Cooler
Flooring Carpet-Partial, Laminate
Furnishings Unfurnished
Exterior
Utilities Available Electric, Internet, Natural Gas
Roof Type Metal
Building
Story 1.5 Story
Water City Water
New Construction No
Schools
Elementary Schools Cedaredge K-5
Middle Schools Cedaredge 6-8
High Schools Cedaredge 9-12
Listed by United Country Colorado Brokers, Inc.
NEARBY SCHOOL & BUSINESS
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