See all 41 photos
41 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$449,000
Est. payment /mo
0.38 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Craig
MLS Listing ID S1072071
Year Built 1940
Annual Tax Amount $1,938
Tax Year 2025
Lot Size 0.382 Acres
Acres 0.3817
Property Description
Excellent investment opportunity in the heart of Craig, Colorado. This well-maintained five-unit multifamily property offers a proven rental history, 100% occupied, producing $4400 gross rental income per month. This five unit building consists of four 2-bedroom, 1-bathroom units and one 1-bedroom, 1-bathroom unit, providing a desirable unit mix that appeals to a broad tenant base. The current owners have made numerous recent improvements, including updating two of the units with fresh interior paint, new flooring, and select new appliances. In addition, the property is serviced by three newer water heaters, providing added reliability and reducing future maintenance concerns. With several major capital improvements already completed, this is an excellent opportunity for investors seeking a property with reduced upfront maintenance costs. All five units are currently leased, with leases extending through the summer of 2027, offering stable, long-term rental income from day one. The property also features convenient off-street parking located behind the building. Ideally situated within walking distance of the public library, grocery stores, restaurants, schools, and churches, tenants enjoy the convenience of a highly walkable location with easy access to everyday amenities. Whether you're looking to expand your investment portfolio or acquire a turnkey income-producing asset, this multifamily property presents an outstanding opportunity in the Craig, Colorado rental market.
Location
State CO
County Moffat
Area Out Of Standard Regions
Direction Travel west on Hwy 40, turn right on Green St., property is on the corner of Green St & 6th St
Interior
Heating Electric, Forced Air
Cooling None
Fireplace No
Exterior
Parking Features Assigned, One Space
Utilities Available Electricity Available, Natural Gas Available, Water Connected
Roof Type Asphalt
Street Surface Gravel
Building
Lot Description Corner Lot, Landscaped
Dwelling Type Multi Family
Others
Pets Allowed No
HOA Name Country Living Realty, LLC
Tax ID R006936
Pets Allowed No
Read Less Info
Listed by Country Living Realty
Nearby Locations
GET MORE INFORMATION