$500,000

707 Duncan Road

Rangely CO, 81648

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.

Details

MLS#20221091
Listing TypeFor Sale
StyleTown House / Duplex
Sub-TypeResale
StatusPending
Year1947
Days On Site272
Listing Provided ByKELLER WILLIAMS COLORADO WEST REALTY | TRAVIS COX

Features

Bed(s)20
Bath(s)13
SQ Feet5,888
Units13
Acreage4.93

MLS Internet Data Exchange (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, and that the data is deemed reliable but is not guaranteed accurate by the Grand Junction Area REALTOR Association MLS.

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Area Information
StateCO
CountyRIO BLANCO
CityRangely
Zip Code81648
AreaOther Area
Community NameOther
Elementary SchoolParkview
Middle SchoolRangley
High SchoolRangley
Listing VS Median (in Other)
Price:
$500,000
low | high
Med:
$739,900
2.02% of Average
SqFt:
5,888
low | high
Med:
2,244
100% of Average
$ / SqFt:
$85
low | high
Med:
$330
100% of Average
On Site:
272
low | high
Med:
259
100% of Average
Sourced by Back At You
Listing Updated: March 25, 2022 1:22:55 AM PDT