Short Sale subject to lender approval. Don't wait -- the lender isn't!
Tired of trying to cash flow decent properties in Metro Denver? Look outside the city and discover this great value just one hour away from Downtown Denver. Over 3300 sq ft, consists of two bldgs on large site with detached garage and off street parking. Built in 1913, this Victorian two-story exudes charm. This well maintained property has great curb appeal and a solid rental history in a very strong rental market. Two 2-bdrm and two 1-bdrm apts gross $24K/yr. With a cap rate of 8.6% and GRM of 7.0, you can expect an ROR approaching 12% plus. Sold for $185K just three years ago.
