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707 Duncan Road Rangely, CO 81648
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Key Details
Sold Price $500,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,888 sqft
Price per Sqft $84
MLS Listing ID 20221091
Sold Date 06/03/22
Style Ranch
Bedrooms 20
HOA Y/N false
Year Built 1947
Annual Tax Amount $1,845
Tax Year 2021
Acres 4.93
Lot Dimensions 4.93
Property Description
Own half a block of Rangely, Colorado with 13 units in 7 different structures. The property consists of 8 units with 2 bedrooms and 1 bath consistently rented at $450/mo, 4 units with 1 bedroom and 1 bath rented at $400/mo. The 13th unit is a studio with a full bath and is currently occupied by the onsite manager, but would likely rent between $350 and $400/mo. Gross Rent is $66,600, with professional management the Net Operating Income is projected to be $45,700. The property is in good condition with recent remodel/upgrades including new electrical, plumbing, interior finishes, exterior doors, windows and stucco.
Location
State CO
County Rio Blanco
Area Other Area
Direction State Hwy 64 west to River Rd, south (left) on River Rd to Duncan Rd.
Interior
Interior Features None
Heating Electric, Forced Air
Cooling None
Flooring Carpet, Vinyl
Fireplace false
Appliance Electric Oven, Electric Range, Refrigerator
Exterior
Exterior Feature Shed
Amenities Available None
Roof Type Asphalt,Composition
Present Use Multi-Family
Street Surface Paved
Handicap Access None
Porch None
Building
Lot Description Xeriscape
Faces North
Foundation Stem Wall
Sewer Connected
Water Public
Additional Building Shed(s)
Structure Type Stucco,Wood Frame
Schools
Elementary Schools Parkview
Middle Schools Rangley
High Schools Rangley
Others
HOA Fee Include None
Tax ID 1393-023-02-005
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Bought with GRAND JUNCTION AREA REALTOR ASSOC
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