14% CAP RATE, 2.3 DSCR, for a purchase under $100k. Good luck finding that combination anywhere else in Colorado. Approx. $13,300 annual net income with a long-term tenant in place. 1 BR, 1 BA. Expect true fixer condition whenever the tenant eventually moves out-which is where the next opportunity begins. Meaningful improvements are happening in this community, opportunity to do interior upgrades in the future, hugely profitable rent while you're waiting for those things to take root. I dare you to find that under $100k anywhere else! PHOTOS ARE EXAMPLES ONLY and are not representative of the current condition of this tenant-occupied unit.
Listing courtesy of Matthew Collins.
Matt@DenverRealtyGuru.com,720-266-8040
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