863 E Main Street,  Rangely CO, 81621

48 beds , 24 baths
19,960 sqft
Status: Active
MLS#: 20186384
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Last Updated: 12/11/2018 10:39 PM
Description for 863 E Main Street Rangely, CO 81621
24 units in 2 apartment complex's located in Rangely CO (863 E Main Street & 125 Darius Avenue). Generate great cash flow with the #1 apartment complex in the area. Located less than 2 miles away from a college enrolling 1,550 students, these units lease out quick with each at 950 SF/2 bedroom/1 bath set up. Recently remodeled, the units are in great condition and are composed of many long term tenants and college students staying 2+ years. Management currently in place, with large value-add for increased income with laundry, and increased rents up to fair market value. Separately metered for electric and gas, tenants pay rent + gas and electric. Contact agents for P&Ls & rent roll.
Price
$1,400,000
Rio Blanco County
48
24
19,960 (approx)
20186384
Active
Description
24 units in 2 apartment complex's located in Rangely CO (863 E Main Street & 125 Darius Avenue). Generate great cash flow with the #1 apartment complex in the area. Located less than 2 miles away from a college enrolling 1,550 students, these units lease out quick with each at 950 SF/2 bedroom/1 bath set up. Recently remodeled, the units are in great condition and are composed of many long term tenants and college students staying 2+ years. Management currently in place, with large value-add for increased income with laundry, and increased rents up to fair market value. Separately metered for electric and gas, tenants pay rent + gas and electric. Contact agents for P&Ls & rent roll.
Listing Information
Property Type: Apartment, Other
48 24
19,960 (approx) 1979
24 Total
Neighborhood
Room Information
Interior Features
3
Listing Price History

Rangely Real Estate

Rangely is located in Colorado. Rangely, Colorado 81621 has a population of 3,891.

The median household income in Rangely, Colorado 81621 is $68,494. The median household income for the surrounding county is $73,774 compared to the national median of $53,482. The median age of people living in Rangely 81621 is 41.2 years.

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This content last refreshed on 12/11/2018 10:39 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

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