523 S SHERMAN STREET $410,000
BYERS, CO 80103
Beds: 8 Number of Units: 4 Type: Multi-Unit Residential
|Sale Type||Price||Cap Rate||NOI|
|Investment||$ 410,000||10.47%||$ 42,931|
Enormous Income Opportunity.
This 1.7-acre property has 3 homes included in the sale 1 manufactured home with foundation (1970) and 2 mobile homes (one single wide 1978 and one double wide 2004). There is a 4th double wide mobile home on the property that pays lot rent and is owner-occupied. The land is zoned residential- offering room to grow; possibly adding more units. There is plenty of room for toys; boats, RV’s, Tractor Trailers, etc. There is a large barn with 4 car parking and a workshop. The barn height allows for RV’s as well as Semi Tractor Trailers. This property offers small-town living with easy access to downtown Denver via I-70. Byers, Colorado is just an hour East of Denver; a small and quiet community in unincorporated Arapahoe county.
Brochures & Other Documents
|Property Type||Secondary Type||Rent Type||Affordable Type|
|Multi-Family||Manufactured Housing/Mobile Home Park||Market/Affordable||Affordable|
|Occupancy||Year Built||Year Renovated||Metering||Construction|
|14 Spaces||1.73 AC||R-3|
|APN/Parcel ID||Site Amenities|
|1985-16-2-00-031||Fence Lot – Gated – Storage Space|
|Cable Ready||Dishwasher||Disposal||Microwave||Storage Space||Washer/Dryer Hookup||Ceiling Fans||Eat-in Kitchen||Kitchen||Vaulted Ceiling|
|Family Room||Garden||Lawn||Linen Closet||Office||Pantry||Patio||Porch||Smoke-Free||Workshop|
|2||2||1||$700 – $900|
|3||2||1||$1400 – $1600|
|4||2||1||$1800 – $2000|
|3||3||1||$400 – $500|
This 1.73 acre property has 3 mobile homes (2 double wide & one single) as well as 1 manufactured home with foundation – 3 are rentals and one is owner occupied. The owner occupied unit (Unit C) can be rented or be the primary residence of the new buyer; 4 beds/2 full baths – Master Suite with 5 piece bath. The land is zoned residential with tons of room to grow. There is plenty of room for toys; boats, RV’s, Tractor Trailers etc. There is a large barn with 2 car parking and a workshop. This property offers small town living with easy access to downtown Denver via I-70. Byers, Colorado is just an hour East of Denver; a small and quiet community in unincorporated Arapahoe county.
|Gross Rental Income||$51,600||$12.30|
|Effective Gross Income||$51,600||$12.30|
|Net Operating Income||$42,931||$10.23|