231 West Ryus Avenue, La Veta

Listing Status: Active


INVESTORS! This is your opportunity to own an ideal investment property in the charming town of La Veta, Colorado where Rentals are at a premium. These are three manufactured homes, with long-standing occupancy and Under Market Rents with Cash Flow. All are two bedroom homes, with newer roofs, and windows along with nearly a half acre of land, shade trees and grass. The approx 20-year-old 2-car garage can be rented to the tenants or others. Located on the edge of town, just west of the Cucharas River and walking distance to the Colorado Creative District town of La Veta, Town Park, La Veta Inn, Stianos Restaurant, Local Brewery, Music Venues, Grocery Store, Post Office and amazing art galleries Downtown. There are many possibilities here, with potential Seller Financing come take a look!

Current rents are below market rate and that there is significant upside potential. One unit is month-to-month (unit 2) the other two are annual leases. Unit 1 1972 General (yellow house) Has title 840 sq ft. Unit 2 1963 Marlette (green house) Purged 1,222 sq ft. Unit 3 1973 Champion (brown house) has title 720 sq ft. The roofs are approx 4 years old and the windows are approx 7 years old at this time. Some appliances belong to the tenants. All of the washers and dryers belong to the tenants. Unit 2 occupant owns the refrigerator and the 8 x 8 storage shed east of that trailer. Seller owns all the other appliances and sheds.

Listing Details

Price: $224,500
Acreage: .43
State: Colorado
County: Hurfano
Beds: 6
Baths: 4

Listing Agent:

Daniel Kiick Broker Associate