401 E Arbecam Cortez, CO 81321

This Historic Building was converted into a 3 unit rental some time back. The old gem has a number of fairly significant upgrades with the most recent being a new water main line and all of the city requirements for back flow prevention for a multi-family dwelling. Excellent rental history with little to no vacancies. Most all windows have been replaced, along with the siding, new metal roof in-ground sprinkler system for the lawn in the front and side yards. Monthly income of $1,725 a month with the tenants paying electricity and natural gas. Monthly expenses to the owner are water & trash $123-$180 depending on water use (sprinklers). Sewer, $123. Insurance, $86. Taxes, $67. Each unit has a warm morning free standing style heating unit and gas water heaters. The lower units have washer & dryer hook-ups. Location is everything and these units are located right in the heart of Cortez. Schools, Groceries, Pools, Parks, Library and the Rec Center are all within blocks of home.