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707 Duncan Road

Rangely, CO 81648
  • $500,000
  • STATUS: Active Under Contract
  • ON SITE: 78 Days
  • MLS #: 20221091
Under Contract
UPDATED: 45 min ago
$500,000
  • 20
    BEDS
  • 4.93
    ACRES
  • 13
    BATHS
  • 0
    1/2 BATHS
  • 5,888
    SQFT
  • $85
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1947
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

Own half a block of Rangely, Colorado with 13 units in 7 different structures. The property consists of 8 units with 2 bedrooms and 1 bath consistently rented at $450/mo, 4 units with 1 bedroom and 1 bath rented at $400/mo. The 13th unit is a studio with a full bath and is currently occupied by the onsite manager, but would likely rent between $350 and $400/mo. Gross Rent is $66,600, with professional management the Net Operating Income is projected to be $45,700. The property is in good condition with recent remodel/upgrades including new electrical, plumbing, interior finishes, exterior doors, windows and stucco.

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© 2022 Grand Junction MLS. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Christi Reece Group. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Christi Reece Group. Data last updated 2022-05-27T13:17:00.803 UTC.

www.christireece.com/homes/126543099
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707 Duncan Road Rangely, CO 81648

  • Price: $500,000
  • Status: Active Under Contract
  • On Site: 78 Days
  • Updated: 45 min ago
  • MLS #: 20221091
20
Beds
13
Baths
0
½ Baths
4.93
Acres
5,888
SQFT
$85
$/SQFT
1947
Built
Neighborhood:
Other
County:
Rio Blanco
Area:
Other Area
Elementary School:
Parkview
Middle School:
Rangley
High School:
Rangley
Property Description
Own half a block of Rangely, Colorado with 13 units in 7 different structures. The property consists of 8 units with 2 bedrooms and 1 bath consistently rented at $450/mo, 4 units with 1 bedroom and 1 bath rented at $400/mo. The 13th unit is a studio with a full bath and is currently occupied by the onsite manager, but would likely rent between $350 and $400/mo. Gross Rent is $66,600, with professional management the Net Operating Income is projected to be $45,700. The property is in good condition with recent remodel/upgrades including new electrical, plumbing, interior finishes, exterior doors, windows and stucco.
Exterior Features

Architectural Style Ranch Construction Materials StuccoWood Frame Direction Faces North Exterior Features Shed Lot Features Xeriscape Lot Size Dimensions 4.93 Other Structures Shed(S) Patio And Porch Features None Road Surface Type Paved Roof AsphaltComposition

Interior Features

Appliances Electric OvenElectric RangeRefrigerator Cooling None Cooling YN No Fireplace YN No Flooring CarpetVinyl Foundation Details Stem Wall Heating ElectricForced Air Heating YN Yes Interior Features None

Property Features

Accessibility Features None Association Amenities None Association Fee Includes None Association YN No Current Use Multi-Family Elevation 5300 Green Water Conservation Water-Smart Landscaping Land Lease YN No Property Sub Type Multi Family Sewer Connected Tax Annual Amount 1845.94 Tax Year 2021 Water Source Public Year Built Effective 2018 Zoning Description Multi Family

Listing courtesy of Travis Cox of Keller Williams Colorado West Realty.
© 2022 Grand Junction MLS. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Christi Reece Group. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Christi Reece Group. Data last updated 2022-05-27T13:17:00.803 UTC.

 
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The Christi Reece Group
1601 Riverfront Dr, Ste 103
Grand Junction CO, 81501