$712,500
$775,000
8.1%For more information regarding the value of a property, please contact us for a free consultation.
2 Beds
2 Baths
4,496 SqFt
SOLD DATE : 09/25/2024
Key Details
Sold Price $712,500
Property Type Single Family Home
Sub Type Income Property
Listing Status Sold
Purchase Type For Sale
Square Footage 4,496 sqft
Subdivision Canon City
MLS Listing ID 9475634
Sold Date 09/25/24
Bedrooms 2
HOA Y/N false
Abv Grd Liv Area 4,496
Originating Board REcolorado
Year Built 1973
Annual Tax Amount $2,739
Lot Size 4,791 Sqft
Acres 0.11
Property Description
Introducing Yale Place, an exceptional investment opportunity in Canon City, Colorado, brought to market by Capstone Apartment Partners. This listing is must be sold with 512 Yale Place. When combined with 512 Yale Place, the combined offering includes eight individually deeded townhomes, each functioning similarly to single-family homes. These meticulously maintained 2-bedroom, 1.5- bath units feature two deeded parking spaces, wall A/C, in-unit washer/dryer hookups, and access to a large common backyard. With immediate potential for rental income growth through cosmetic upgrades to kitchens and baths, Yale Place presents a unique value proposition. Strategically located near major employment centers such as St. Thomas More Hospital and the Colorado Correctional Facility, Yale Place benefits from a highly insulated market with resilient economic activity, consistent rental demand, and limited vacancy, ensuring stable and attractive returns for investors.
Location
State CO
County Fremont
Area Out Of Area
Interior
Heating Forced Air
Cooling Room Air Conditioner
Exterior
Garage Spaces 8.0
Roof Type Composition
Building
Story 2
Sewer City Sewer, Public Sewer
Level or Stories Two
Structure Type Brick/Brick Veneer,Stucco
New Construction false
Schools
Elementary Schools Washington
Middle Schools Canon City
High Schools Canon City
School District Canon City Re-1
Others
Senior Community false
Special Listing Condition Private Owner
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