1117 Edison St, Brush, CO 80723

$1,500,000
4,694
SqFt
List Price
$1,500,000
Status
ACTIVE
MLS#
957226
Year Built
1939
Living Area
4,694
Lot Size
93,654
Subdivision
WEST SIDE ADD, BR LOT: 01, BRUSH TRAV-O-TEL

Property Description

LUCRATIVE INCOME PROPERTY 1 HR 30 MIN FROM DENVER AND 1 HR 45 MIN TO FT. COLLINS. Located in the fast-growing town of Brush featuring 12 lots with Tenant-Owned mobile homes, 5 RV lots, , and 9 Apartment Units with 11 bedrooms and 9 bathrooms. All apartments have been updated/renovated in the last 5 years. With low vacancy and minimal maintenance, this one is a must see. Great location within minutes from I-76 and walking distance to local restaurants, and many amenities (see images with a map of some local businesses). Projection of Expenses to decrease in upcoming year. CONSIDERATIONS: Vacancy Rate more specifically identified in documents. Potential Rental Income is accurate and based on income from 2021 with vacancies considered. Expenses listed under "Common Area Maintenance" are a combination of misc expenses. Itemized expenses to be provided following a Non-Disclosure Agreement.

Additional Information

Taxes
$2,486
New Financing
Cash, Conventional
Capitalization Rate
6.23
Construction
Wood/Frame
Style
1 Story/Ranch
Property Styles
1 Story/Ranch
School District
Brush RE 2J
Elementary School
Brush
Middle School
Brush
High School
Brush
Approximate Acreage
2.15
Heating
Forced Air
Cooling
Room Air Conditioner
Utilities
Natural Gas, Electric
Basement Foundation
Partial Basement
Unit Ones Numberof Bedrooms
1
Gross Operating Income
141000.0000
Net Operating Income
$93,438
Total Operating Expense
47561.3900
Tenant Pays
Deposit
Total Numberof Units
25
Unit Sixs Numberof Bedrooms
1
Zoning
Res
Locale
Brush
Inclusions
All Appliances, Smoke Alarm(s)
Ownership
Private Owner
Possible Usage
Multi Family, Mobile Homes
Mineral Water Rights
Water Rights Excluded, Mineral Rights Excluded

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

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Please consult a financial professional.
Calculator source: Real Geeks

Listing Courtesy of : Berkshire Hathaway-Greeley, 9703510090

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