Description
.2 miles from CMU this property includes 2 fully furnished detached homes and shed. The house in the rear, addressed as 1392 Pinyon, is a newly built and modern loft house, the house up front addressed as 1390 Pinyon is a fully renovated bungalow. Built to code under permit and Co'ed. The houses command high gross income in the summer as vacation rentals consistently rated 5 stars on vacation rental sites. Currently licensed by city as vacation rentals with up to 12 occupants. Due to their proximity to CMU and generous number of bathrooms and vanities the houses are in high demand with students and currently leased through May 2024. Gross income $4380/mo yielding a solid 6 cap at list price. Both homes were built with durable low maintenance finishes. Stucco exterior, metal roof, tiled baths Houses have new kitchen appliances, central air and heat, full laundry rooms, generous covered patios. The loft house is a 2 story with garden level basement and huge 24x6.5 trex deck, Exterior yard up front, back Xeriscaped. Automated sprinklers and drip irrigation. Owner is licensed real estate agent in Colorado.
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6BEDS
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N/AACRES
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4BATHS
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01/2 BATHS
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2,561SQFT
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$265$/SQFT
School Information
Description
.2 miles from CMU this property includes 2 fully furnished detached homes and shed. The house in the rear, addressed as 1392 Pinyon, is a newly built and modern loft house, the house up front addressed as 1390 Pinyon is a fully renovated bungalow. Built to code under permit and Co'ed. The houses command high gross income in the summer as vacation rentals consistently rated 5 stars on vacation rental sites. Currently licensed by city as vacation rentals with up to 12 occupants. Due to their proximity to CMU and generous number of bathrooms and vanities the houses are in high demand with students and currently leased through May 2024. Gross income $4380/mo yielding a solid 6 cap at list price. Both homes were built with durable low maintenance finishes. Stucco exterior, metal roof, tiled baths Houses have new kitchen appliances, central air and heat, full laundry rooms, generous covered patios. The loft house is a 2 story with garden level basement and huge 24x6.5 trex deck, Exterior yard up front, back Xeriscaped. Automated sprinklers and drip irrigation. Owner is licensed real estate agent in Colorado.