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.
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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
Listing Courtesy of : Berkshire Hathaway-Greeley, 9703510090
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