840 - 842 Garnet, Delta

$344,000

0 Beds
0 Baths
0 Acres
0 Garages

A great fully rented Duplex up on Garnet Mesa above Delta CO. (near Telluride and Grand Junction and Montrose)
6.7% 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 .

$26,400 a year Gross combined total ($1,250 + $950 =$2,200 month)

Notes: Tenants pay their own electric (2 electric meters) + sewer and garbage.
No gas /No gas bills!
Owner pays the city water bill (one bill per duplex, not side) 2 decks per duplex

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)
Costs:
Water $850 yr,(city of Delta), Taxes $571, Insurance $750, Maint 1,055, Yard $400
Total =$3,626
Portion of their share of the yearly yard $400 9 (1/r of adjacent communal lawn/park/garden) NO HOA!

Total cost = $3,626 = NOI =$22,774. Stable 6.7 % CAP RATE
There is room to grow this also as #842 is not remodeled and also under rented.

Essential Information
MLS® #7018189
Price$344,000
Bathrooms0.00
Acres0.00
Year Built1971
TypeCommercial Sale
Sub-TypeMulti Family
StyleLow Rise
StatusActive
Community Information
Address840 - 842 Garnet
CityDelta
CountyDelta
StateCO
Zip Code81416
Exterior Features

Balcony, Garden, Barbecue, Playground

Additional Information
Date ListedOctober 12th, 2022
Days on Market107
Zoningresi
Parking Spaces1
Listing Details
OfficeTelluride Realty LLC
LISTING MAP

Get directions to this property: