$1,794/MONTH RENT. $114,964 PRICE. Approx. $15,341 annual net income with a long-term tenant in place - roughly 13.3% on the purchase price at current occupancy. 1 BR, 1 BA, 482 SF in a well-kept community with a strong owner-occupant presence. Hold the huge cash flow now. When the tenant eventually moves out and the market improves, renovate and sell into the owner-occupant market. Small condo. Massive rent-to-price ratio. Real upside later. 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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