770 Nw Cedar Ave, Cedaredge, CO 81413

Property Description

Cedaredge Investment Property – Home + 2 Rentals on 1.2 Acres | ~10% CAP Income-producing residential investment in the heart of Cedaredge, CO. This 1.2-acre offering includes three separate rental units—a 1974 stick-built home (3 bed/1.75 bath, 1,476 sq ft) plus two single-wide trailers (2 bed/1 bath and 1 bed/1 bath)—generating $3,457/month ($41,484/year) in gross rents at an approximate 10% gross CAP rate. All units are on town of Cedaredge water (3 taps) and town sewer. Proven, steady rental history from both private-market tenants and the Delta Housing Authority. Best of all, roughly half the property is undeveloped, offering room to add more trailers or another home (with additional water taps from the town) for significant revenue upside. A rare turnkey cash-flow property with built-in expansion potential in a growing Western Slope community. Offered at $425,000.