Skip To Content

840 842 Garnet

Delta, CO 81416
  • $344,000
  • STATUS: Active
  • ON SITE: 43 Days
  • MLS #: 799182
UPDATED: 17 min ago
$344,000
  • 0
    BEDS
  • 0.25
    ACRES
  • 2
    BATHS
  • 2
    1/2 BATHS
  • 1,902
    SQFT
  • $181
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1971
County:
Area:

School Information

Elementary School:
Middle School:
High School:
Listing courtesy of Telluride Realty, Llc: 970-728-4000.


Description

A great fully rented Duplex up on Garnet Mesa above Delta CO. (near Telluride and Grand Junction and Montrose) 6.6% stable CAP, with room to improve. Stable and fully leased for years, never vacant #840 has been 99% remodeled (see pics) 2-3 months left on lease. #842 has not, (lower rent). (Month to Month) New Paint exterior paint, new fences, some new upgrades on both units. Gross rents of $26,400 a year Gross combined total ($1,250 + $950 =$2,200 month) Notes: Tenants pay their own electric (2 electric meters) No gas /No gas bills! Owner pays the city water bill (one bill per duplex, not side for water sewer and trash) There are 2 decks per duplex, plus 2 carports and 2 storage units, and room to expand for more storage or more garages No real HOA(no cost), a quiet, shared "private park" is included with a pergola (each duplex owns a share of this park 1/5) Room to expand and add revenue with sheds or storage units. or bigger garages. Costs: Water $850 yr,(city of Delta), Taxes $571, Insurance $750, Maint/yr 1,055, Park/yard $400 (The tenants take care of their own yard, the 5 owners takes care of the park, so the $400 can be zeroed out possibly. Total =$3,626 Portion of their share of the yearly yard $400 9 (1/5 of adjacent communal lawn/park/garden) NO HOA! Total cost = $3,626 = NOI =$22,774. Stable 6.6 % CAP RATE There is room to grow this also as #842 is not remodeled and also under rented. notes roof is newer, Hot water heaters are newer, baseboard heat mostly. Swamp coolers included on carport roof,

Monthly Payment Calculator

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2022. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
FULL CREN Disclaimer

Real Estate listings held by companies other than Dalynn Trujillo | Bluebird Real Estate contain that company’s name.
Fair Housing Disclaimer

This data was last updated: 2022-12-08T21:56:28.787.
www.dalynntrujillo.com/homes/134249087
Print Image

840 842 Garnet Delta, CO 81416

  • Price: $344,000
  • Status: Active
  • On Site: 43 Days
  • Updated: 17 min ago
  • MLS #: 799182
0
Beds
2
Baths
2
½ Baths
0.25
Acres
1,902
SQFT
$181
$/SQFT
1971
Built
Neighborhood:
Other
County:
Delta
Area:
Delta
Elementary School:
Garnet Mesa K-5
Middle School:
Delta 6-8
High School:
Delta 9-12
Property Description
A great fully rented Duplex up on Garnet Mesa above Delta CO. (near Telluride and Grand Junction and Montrose) 6.6% stable CAP, with room to improve. Stable and fully leased for years, never vacant #840 has been 99% remodeled (see pics) 2-3 months left on lease. #842 has not, (lower rent). (Month to Month) New Paint exterior paint, new fences, some new upgrades on both units. Gross rents of $26,400 a year Gross combined total ($1,250 + $950 =$2,200 month) Notes: Tenants pay their own electric (2 electric meters) No gas /No gas bills! Owner pays the city water bill (one bill per duplex, not side for water sewer and trash) There are 2 decks per duplex, plus 2 carports and 2 storage units, and room to expand for more storage or more garages No real HOA(no cost), a quiet, shared "private park" is included with a pergola (each duplex owns a share of this park 1/5) Room to expand and add revenue with sheds or storage units. or bigger garages. Costs: Water $850 yr,(city of Delta), Taxes $571, Insurance $750, Maint/yr 1,055, Park/yard $400 (The tenants take care of their own yard, the 5 owners takes care of the park, so the $400 can be zeroed out possibly. Total =$3,626 Portion of their share of the yearly yard $400 9 (1/5 of adjacent communal lawn/park/garden) NO HOA! Total cost = $3,626 = NOI =$22,774. Stable 6.6 % CAP RATE There is room to grow this also as #842 is not remodeled and also under rented. notes roof is newer, Hot water heaters are newer, baseboard heat mostly. Swamp coolers included on carport roof,
Exterior Features

Carport Yes Carport Spaces 2 Garage No Property Attached No Water Well No Waterfront YN No

Interior Features

Basement Sq Ft 0 Common Facilities Park Lower Sq Ft 800 Main Sq Ft 1102 One Quarter Baths 0 Total Office Dens 0 Unit1 Baths 2 Unit1 Bedrooms 2 Unit1 Square Feet 951 Unit2 Baths 2 Unit2 Bedrooms 2 Unit2 Square Feet 951

Property Features

Cap Rate Percent 6.7 Covenants No Green Certification No Hoa No Horse Setup No Multi Story Yes New Construction YN No Property Mngr Self Reo Lender Owned No Tax Year 2021 Total Electric Meters 2 Total Gas Meters 1 Total Taxes 575 Total Water Meters 1 Type Duplex Unit1 Monthly Rent 1250 Unit2 Monthly Rent 950 Vacancy Factor Prcnt 0 Water Rights No Year Remodeled 2021

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2022. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
FULL CREN Disclaimer

Real Estate listings held by companies other than Dalynn Trujillo | Bluebird Real Estate contain that company’s name.
Fair Housing Disclaimer

This data was last updated: 2022-12-08T21:56:28.787.
 
https://bt-photos.global.ssl.fastly.net/cren/orig_boomver_1_799182-2.jpg https://bt-photos.global.ssl.fastly.net/cren/orig_boomver_1_799182-2.jpg https://bt-photos.global.ssl.fastly.net/cren/orig_boomver_1_799182-2.jpg
Logo
Dalynn Trujillo | Bluebird Real Estate
211 Elk Avenue
Crested Butte CO, 81224
Listing courtesy of Telluride Realty, Llc: 970-728-4000.