1516 E Routt Ave
Property Description
An outstanding opportunity to acquire a remodeled, income producing property featuring two separate dwellings at an incredible value! With established long term tenants already in place, this property offers immediate rental income and cash flow from day one. Tenants are responsible for all utilities, helping minimize oerating expenses and maximize investment returns. The property features a charming one bedroom home in the front and a detached cottage in the rear, providing two distinct rental units and multiple income streams. Recent improvements add to the property's appeal, while a competitive capitalization rate makes this an attractive addition to any investment portfolio. Priced significantly below appraised value for a quick sale, this is a rare opportunity to secure a cash flowing asset with built in value from the start. Whether you're expanding your rental portfolio or seeking your next investment, this property offers an exceptional combination of affordability, income potential, and long term value.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $169,500 |
| No. of Units: | 2 |
| Year Built: | 1947 |
| Lot Size: | 744.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $84,750 |
| Property Website | Click Here |
| Number of Bedrooms: | 2 |
| Number of Bathrooms: | 2 |
ID: 3yd-PARCO-243081
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