311 Central Avenue

Kremmling CO 80459

2080 sq. ft.

7405.2 sq. ft.

Multi-Family

Currently for sale - view listing

Overview

Great investment opportunity in downtown Kremmling! 3 Units all fully rented 2bed/1bath. NO gutters to clean, NO roof repairs (metal-sheds snow), NO sprinklers system to maintain. Ideal location for tenants who work in Steamboat, Silverthorne, Dillon or Granby. Triplex with 2-bedroom/1 bath units, stays fully rented. Lot includes a side yard for one unit and a large fenced-in back yard for another, front unit no yard. Ample parking with 4 off-street spaces in front and 4 off-street spaces in back. NO HOA, store your RV or boat for the winter on your own land. Amazing views of the mesa. Front units built in 1960, back unit circa 1900. Two units have been remodeled (2013) and the third is partially updated. Currently owner pays water/sewer/trash bill to the City of Kremmling which could be split among tenants for cap rate of 6.0%. Tenants pay electric (separate) and gas (shared). Kremmling is well known for fishing & hunting, plus Williams Fork Reservoir just 16 miles west of town great for boating.