Location - Opportunity - Returns Great investment opportunity with a 7.8% cap rate. Clean 2 bedroom, 1 1/2 bath manufactured home on its own lot. Property has been well cared for with steady tenant. Tenant has a lease in place until August 2024 at $1,250 per month. Trailer is a 1969, pre-hud and has not been purged, therefore will not go FHA or VA. Must have 24 hours notice to show.Classic 1925 Bungalow. This property is currently located in the Commercial Zoning C1 (Neighborhood friendly businesses). Proposed Future Land use map for Fruita includes it in the Downtown Mixed Use area. Property is 0.55 Acres and has endless possibilities for development...multifamily housing, housing with business on the main floor warehouse in the back and living quarters up above, it’s an open palette of possibility. Price $500,000 and is contingent on the owner finding an acceptable replacement property. All offers are contingent on the seller finding an acceptable replacement property. Must have 24 hours notice for all showings.
Classic 1925 Bungalow. This property is currently located in the Commercial Zoning C1 (Neighborhood friendly businesses). Proposed Future Land use map for Fruita includes it in the Downtown Mixed Use area. Property is 0.55 Acres and has endless possibilities for development...multifamily housing, housing with business on the main floor warehouse in the back and living quarters up above, it’s an open palette of possibility. Price $500,000 and is contingent on the owner finding an acceptable replacement property. All offers are contingent on the seller finding an acceptable replacement property. Must have 24 hours notice for all showings.