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Home For Sale

Picture of Home For Sale in Delta, Colorado, United States

$800,000

1 G40 Lane
Delta, Colorado, United States

8bd 4ba

Listed By: Realtyww Info

Listed On: 06/15/2023

Listing ID: GL10072676 View More Details

Description

These charming duplexes are located on a short and very private lane in Delta, Colorado. There are 4 units on this property consisting of two buildings. Three of the units have been nicely remodeled with all units having new hot water tanks and evaporative coolers in the past couple of years. Each unit has a large fenced yard with a sprinkler system. The irrigation water is provided by the Hartig Drive Water Users ditch.ImprovementsThis property consists of 4 duplex units. Each unit has two bedrooms and one bath with 944 square feet of living space. They each also include a one car garage and a small porch in the back yard as well as ample parking at the front of the property along G40 Lane. Two of the units also have private storage sheds in their yard. The property allows for each unit to pay for its own electric and water, with the owner generally managing the irrigation ditch right. Three of the units are currently and consistently occupied with tenants, and the fourth unit is currently occupied by the owner. Rents in Delta County have seen a consistent increasing trend, which is expected to continue into the near future, providing a solid investment opportunity. Current rents for the property (excluding ownera€™s unit) are $3225 per month, which is below market value for rent in the area. Add the ownera€™s unit to the mix, and the income could easily increase by $1200 per month. LocationLocated within minutes of the local hospital, Walmart, and Safeway, these duplexes provide a unique mix of privacy and access to what you need. Add to this the amazing recreational opportunities provided by the Grand Mesa, Uncompaghre National Recreation Area, Gunnison River as well as one of the few remaining drive-in movie theaters. With access to the world from the Montrose Regional Airport or the Grand Junction Airport within less than an hour drive this investment property is certainly poised for the future.

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Listed by: Hayden Outdoors Real Estate
Source: The World Property Journal

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