Fully leased fourplex generating $48,000 in gross annual rental income. All four units are 1-bedroom, 1-bathroom and currently occupied by tenants under lease, providing immediate cash flow. Extensive capital improvements completed within the last two years include all-new permitted electrical systems, permitted plumbing upgrades throughout the building, a new sewer line, four remodeled bathrooms, an updated kitchen in Unit 4, refinished hardwood floors, and 13 replacement windows. Built in 1908, the property blends historic character with significant infrastructure upgrades. Situated on a spacious 0.31-acre lot near downtown Trinidad, shopping, restaurants, schools, and public transportation. Mountain and city views, mature trees, and strong rental demand make this an attractive addition to an investment portfolio. A rare opportunity to acquire an updated, income-producing multifamily property with stable tenants already in place.
Property Details
- Cooling
- Ceiling Fan(s)
- Heating
- Radiant
- Cooling Features
- Ceiling Fan(s)
- Bedrooms
- 4
- Bathrooms
- 4
- Lot Features
- Level
- Stories
- Three Or More
- Lot Description
- Level
- Exterior Materials
- Balcony
- Acres
- 0.308
- Square Feet
- 3700.0
- Lot Size (sqft)
- 13395.0
- Parking Features
- Off Street
- Parking Spaces
- 4
- Parking Type
- Garage
- Parking Garage Spaces
- 4.0
- Property Type
- Multi-Family
- Year Built
- 1908
- Roof
- Composition
- Sewer Information
- Public Sewer
- Utility Source
- City
- Utility Features
- Electricity Available, Master Meter-Gas, Separate Meter Electricity
- Appliances
- Fire Alarm
- Subdivision
- Original Township
- School District
- Trinidad 1
- Elementary School
- Eckhart
- Middle School
- Trinidad
- High School
- Trinidad
- County
- Las Animas
- Region
- Trinidad
- Original List Price
- $525,000
- Taxes Annual
- $1,384
Location
Legal
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Provided By
Listed by H Gregory Cicciu (#IRE55050491)
Listing Office: HomeSmart Realty (#IRE400017371)
