820 Macon Ave

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Off-Market Fourplex in Downtown Canon City for $339k! Occupied with $3,025 gross monthly rent (9% cap rate). 3 studios and a large 1 unit (4 units total). Let me know if you’d like more information on this one! 820 Macon Ave, Canon City, CO 81212
Photos: tinyurl.com/5fh86sma
Current Rents: $875 + $725 + $725 + $700 ($3,025 gross monthly rent). 2,650 sqft building. 5,280 sqft lot. Built in 1888. Taxes $3,499. 
Improvements made in 2018: All new electric, separately metered. Plumbing was redone. All new 4 heaters put in. Closing 11/14. EMD $10k. Possession: month/month tenants who would like to stay (possibility to increase rents)

Tom - LVN Real Estate
720-738-4635

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