863 E Main Street Rangely, CO $ 1,800,000
863 E Main Street
$ 1,800,000
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863 E Main Street

Rangely, CO, 81648
$ 1,800,000
Bedrooms-- Baths-- Sq 19,584

Monthly Estimate*

$ 11,230

Listed by TRADEWIND REAL ESTATE LLC
863 E Main Street, Rangely, CO 81648 - Image 1
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Commercial Property for sale in Rangely, CO

for $1,800,000. This 19,584 square foot building was built in 1979 on a lot size of 1.58.

**THE LISTING IS FOR 2 BUILDINGS TOTALING 24 UNITS. THE ADDRESSES ARE: 863 E MAIN ST., AND 125 DARIUS ST. RANGELY, CO. 81648 Investment Opportunity: Multi-Family Discover this prime investment opportunity: a well-maintained multi-family complex consisting of 24, two-bedroom, one-bathroom apartments spread across two buildings. Situated in close proximity to Colorado Northwestern Community College, renowned for its Dental Hygiene, Aviation, and Park Ranger Training Programs, this property enjoys a steady stream of reliable tenants. Built in 1979 and meticulously upgraded over the years, this complex features a newly paved asphalt parking lot and numerous renovated units. With its convenient location and strong rental demand, this property offers a promising investment opportunity. Key Features: 24 units (2 buildings) 2-bedroom, 1-bathroom layouts Prime location near Colorado Northwestern Community College Recent upgrades, including new parking lot and renovated units Strong rental demand and potential for steady income Don't miss out on this exceptional investment opportunity

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Commercial Active

Price

$ 1,800,000

Property Type

Commercial

Taxes

$ 1,357

Style

Low Rise (1-3)

Lot Size

1.58

Year Built

1979

Town/City

Rangely

County/Region

Rio Blanco

MLS | Web ID

8400967

Features
General
Sewer Public Sewer
Possession Closing/DOD
Roof Shake
Garage Spaces 0
Construction Materials Frame
Exclusions Personal Property
Year Built 1979
Tenant Pays Electricity Gas Internet Telephone Trash Collection Water
Stories Count 3
Property Subtype Multi Family
Tax Year 2023
Current Use Multi-Family
Gross Income 194100
County Rio Blanco
Operating Expense 66400
Property Type Commercial Sale
Attached Garage N
Building Features Coin Laundry Laundry
Status Active
City Rangely
Number Of Units Total 24
Lot Size Units Square Feet
Lot Size Square Feet 68874
Carport Spaces 0
Listing Terms Cash Conventional
Tax Annual Amount 1357
Lease Considered Y/N N
Structure Type Low Rise (1-3)
Standard Status Active
Occupancy Type Tenant
Cap Rate 8.2
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Exterior
Exterior Amenities Lighting
Parking Features Asphalt
Water Source Public
Total Parking 42
Lot Size Area 68874
Building Area Total 19584
Lot Size Acres 1.58
Road Surface Type Paved
Road Frontage Type Public
Road Responsibility Public Maintained Road
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Internal Only
Street Number 1 863
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* Excluded Features
List By
Tradewind Real Estate Llc

Broker

(970) 568-8162

Phone

Affordability Calculator

$11,343
Per Month
99%
1%
0%
Monthly Principal & Interest
$11,230
Monthly Property Taxes
$113
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
242254 Elementary School
242425 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/24/2024$1,800,000 Listed Price

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863 E Main Street, Rangely, CO, 81648 is a Commercial Property for sale at $1,800,000 with 19,584 sqft and a lot size of 1.58. 863 E Main Street was built in 1979. The property's zip code is 81648 which is in Rangely, CO