Welcome to Delta County’s premier turn-key, investment opportunity. This fully leased, downtown Cedaredge property features two residences. The primary home offers 1,388 square feet with three bedrooms (one non-conforming), one bathroom, and a carport. Remodeled with new flooring, updated kitchen and bathroom, and modern fixtures throughout. The property also features a detached secondary residence or ADU. The 383-square-foot studio was built in 1995 with its own living space, kitchen, and bathroom. Recent improvements include new flooring and a new water heater. Both units are currently leased, providing immediate cash flow with a strong 6%+ cap rate. Ideally located within walking distance to historic Cedaredge City Park and downtown amenities, and easy access to the Grand Mesa - offering year-round recreation including fishing, hiking, snowmobiling, cross-country skiing, and the Powderhorn ski area. A rare opportunity to own a low-maintenance, high-performing investment in one of Delta County’s most iconic communities.
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Listing Snapshot
Price
$369,900
Days On Site
2 Days
Bedrooms
3
Inside Area (SqFt)
1,388 sqft
Total Baths
1
Full Baths
N/A
Partial Baths
1
Lot Size
0.14 Acres
Year Built
1958
MLS® Number
831309
Status
Active
Property Tax
$1,042.56
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
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Recent Activity
4 hours ago
Listing updated with changes from the MLS®
2 days ago
Listing first seen on site
General Features
Acres
0.14
Carport
1
Number Of Stories
1
Property Sub Type
Single Family Residence
Sewer
Public Sewer
SqFt Total
1388
Style
Ranch
Utilities
Natural Gas Available
Water Source
Public
Interior Features
Appliances
RefrigeratorMicrowaveRangeOvenElectric Water HeaterGas Water Heater
Basement
Crawl Space
Cooling
Central Air
Fireplace Features
Living Room
Flooring
TileVinyl
Heating
BaseboardElectricForced AirNatural GasWood
Interior
Eat-in Kitchen
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Exterior Features
Construction Details
MasoniteVinyl Siding
Other Structures
Guest House
Roof
Metal
Community Features
MLS Area
Surface Creek
Schools
School District
Unknown
Elementary School
Cedaredge K-5
Middle School
Cedaredge 6-8
High School
Cedaredge 9-12
Listing courtesy of Adam Renfrow of Renfrow Realty
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