11/17/2023
Nicely remodeled and cared for 2 story tri-plex in downtown Paonia. Walking distance to everything. 3 units with 2 on main level and one on upper level. Unit A (main level front) 1 bedroom, 1 bath, range, refrigerator, microwave included; Unit B (main level rear), 2 bedrooms, 3/4 bath, laundry room, range, refrigerator, washer and dryer included; Upper Unit: 3 bedrooms, 1 full bath, nice covered balcony overlooking Grand Avenue, range, dishwasher and refrigerator included. Units are separately metered for gas and electric (tenant pays). Seller pays water and sewer. Each tenant pays $20/mo for Elevate high speed internet. Good cash flow (APOD available on Assoc Docs). Currently managed by Cathy Smith Property Management (cap rate calculated with no property management expense). Back garage/storage building could be potential additional income. Owner improvements include exterior paint, new roof on garage, interior paint 2016, new kitchen and bath in Unit B, substantial window replacement in 2016. New flooring in Unit B, new bath and furnace in Upper Unit. Excellent and rare opportunity for multi-family income in Paonia, or live in one and rent the other two for additional income. View the tour here.
https://www.listingsmagic.com/sps/tour-slider/index.php?property_ID=254370&fb_reg=Y
