550 W Main St, Cedaredge, CO 81413

Property Description

Welcome to a turn-key income property in the heart of downtown Cedaredge, offering immediate cash flow and flexible living options. This fully leased property includes two residences, ideal for investors or owner-occupants seeking rental income. The primary home features 1,388 square feet with three bedrooms (one non-conforming), one bathroom, and a carport with attached storage. Recent updates include new flooring, an updated kitchen and bathroom, and modern fixtures throughout. A detached 384-square-foot studio ADU, built in 1995, includes its own kitchen, bathroom, and living space. Recent improvements include new flooring and a new water heater. Both units are currently leased, producing immediate income with a strong 6.50%+ cap rate. For owner-occupants, the layout offers an ideal house-hack or multi-generational living setup—live in one unit while offsetting your mortgage with rental income. Located within walking distance to Cedaredge City Park and downtown amenities, with easy access to the Grand Mesa for year-round recreation including hiking, fishing, cross-country skiing, and skiing at Powderhorn. A rare opportunity to own a low-maintenance, income-producing property in one of Delta County’s most desirable small-town settings.