Description: Rare chance to purchase both sides of this conveniently located duplex, situated on a 0.65 acre flat lot, with a seasonal creek. Easy walk to the bus stop, Meadows Lot, City Market, movie theater & more. This is a significant remodel project for sophisticated buyers with cash or a construction loan given the age & condition of the duplex. It also has good characteristics for some 1031 Buyers. The right side has 3 bedrooms & 2 full bathrooms, including an attached master bath on the main level, plus a large loft that renters have used as a bedroom. The right side has been updated with a new kitchen, 2 new baths, new electric heaters, new laminate flooring on the main level, & new carpet in the loft but there is more that can be done. Market rent is likely $3,800+/- per month for the right side. Buyers should do their own research to confirm market rent. The left side has 2 bedrooms and 1 full bath on the main level, plus a private loft and closet up a 2x6 ladder. This side is very rough and ready for a remodel. Market rent is likely around $2,800 a month, once again, Buyers should do their own research to confirm. Listing broker is an owner of the property & a licensed real estate broker in Colorado. Owner has not hired an inspector, but is certain it needs significant work including, but not limited to, new decks, windows, paint inside and out. Given the scope of work necessary, Seller will not consider a conventional loan and suggests a contractor to inspect on Buyer's behalf. This property is a project, therefore Buyer should be ready to do a lot of work. The Sellers will see value in Buyers that understand this is a deep remodel & writes contract terms to reflect that.
Any offer must acknowledge, in the offer, that the buyers are aware the listing broker is an owner of the property and a licensed real estate broker in Colorado.
Status:Closed
Listing Office: the steamboat group
Interior Features: Exterior Features: Site Features:
Near Public Transit
Near Ski Area
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