9% CAP RATE. Fully renovated, fully rented 4plex with long term tenants. New roof, windows, water heaters and finishes throughout.
Cripple Creek is booming. Whether its work-live, vacation, spend the day, gamble, tour the mines, hunt for gems, pet the donkeys take a train ride or visit the ice castles in the winter, it's a special place with classic western charm. Built in 1895 this building has was the original firehouse, it has been a great rental & doesn't stay vacant for long! Public Water & Sewer with 4 separate Gas/Electric meters. The original cabin holds future development opportunities as well. The property consists of four units: Two 2-bedroom/1-bathroom units ($1,400 & $1,350) PLUS Two 1-bedroom/1-bathroom units ($1,200 & $1,330)- Two units feature unique sleeping lofts. Two units have washer/dryers & one has hookups.
No short-term rentals allowed. No HOA, $1,045 annual taxes.