$70,000
$79,313
11.7%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 06/21/2023
Key Details
Sold Price $70,000
Property Type Commercial
Sub Type Building
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 20230861
Sold Date 06/21/23
Annual Tax Amount $995
Lot Dimensions 75x104
Property Sub-Type Building
Property Description
Great ROI opportunity on Main Street in the heart of Rangely. Property is located on a large city lot with a fenced yard and off-street parking. Multiple spaces available for use including the front retail space set up for a hair salon. The back portion of the building is being used as a bunk house which offers 10 beds, a full bathroom, a lounge area including 3 refrigerators, storage lockers, and a microwave. In addition, there is a current space being rented out on a monthly basis. A new sewer line was installed in 2018 plus the property has a brand new heater and on-demand hot water heater! With the bunk house, the current tenant, and with the retail space also being rented, the property has the potential to bring in $4,700. If you're looking for a simple investment, this is it!!
Location
State CO
County Rio Blanco
Area Other Area
Direction Corner of Main Street and Standolind by the Auto Museum.
Building
Lot Description Irregular Lot
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Bought with RE/MAX 4000, INC
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120 W Park Drive # 200, Junction, Colorado, 81505, United States