Great Character Investment Property!

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  • $1,650,000
  • Beds: 11
  • Baths: 6 Full, 2 Half
  • Acres: 12,500 Sq. Ft.

Great Character Rental Investment Opportunity! 

Converted Church & Convent Complex with 4-family units plus a detached family home! Perfect for long & short-term rentals.

Minutes from downtown Rifle, large shopping complex, dining, and entertainment. Close proximity to parks, outdoor recreation, and family fun. Well-rated schools in the area.

The complex includes 4 units and one single-family home. Most were recently renovated in 2019 and upgraded to meet modern renter expectations.

The family home features 4 bedrooms and 2,195 sqf of living space, including bay windows and a spacious modernized kitchen with stainless steel appliances. The charming heritage layout meets modern finishes for effortless rental living.

The four-plex units range from a studio apartment to a 3,000 square feet, 3-bedroom luxury 3-story loft offering compelling features and amenities to warrant profitable rental rates.

Excellent location for high-quality tenants in a mature neighborhood. The area sees an average annual rental demand growth of 11%, making it a great time to invest. The current monthly revenue is just over $5,000. Contact us for more information on this great investment opportunity!

Gross Land Area 12,500 square feet
 
Rentable Area 8725 Square feet (6530 Converted Church, 2195 SFH)
 
11 Bedrooms (7 in Converted Church 4 in the Single Family home)
 
6 Full Baths and 2 Half Baths

 

"Information deemed Reliable but not Guaranteed."

Price: $1,650,000
Address:337 East 5th Street
City:Rifle
State:Colorado
Zip Code:81650
Year Built:1911
Acres:12,500 Sq. Ft.
Bedrooms:11
Bathrooms:6 Full, 2 Half

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