550 W Main Street,Cedaredge, CO 81413
Cedaredge, CO 81413
Description
Welcome to a turn-key income property in the heart of downtown Cedaredge, offering immediate cash flow and flexible living options. This fully leased property includes two residences, ideal for investors or owner-occupants seeking rental income. The primary home features 1,388 square feet with three bedrooms (one non-conforming), one bathroom, and a carport with attached storage. Recent updates include new flooring, an updated kitchen and bathroom, and modern fixtures throughout. A detached 384-square-foot studio ADU, built in 1995, includes its own kitchen, bathroom, and living space. Recent improvements include new flooring and a new water heater. Both units are currently leased, producing immediate income with a strong 6.50%+ cap rate. For owner-occupants, the layout offers an ideal house-hack or multi-generational living setuplive in one unit while offsetting your mortgage with rental income. Located within walking distance to Cedaredge City Park and downtown amenities, with easy access to the Grand Mesa for year-round recreation including hiking, fishing, cross-country skiing, and skiing at Powderhorn. A rare opportunity to own a low-maintenance, income-producing property in one of Delta County’s most desirable small-town settings.
Details
| MLS # | 831309 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1958 |
| Days On Site | 216 |
| Listing Provided By | Renfrow Realty | Adam Renfrow |
Features
| Bed(s) | 3 |
|---|---|
| Bath(s) | 1 Total |
| SQ Feet | 1,388 |
| Car Port | Yes |
| Basement | Y |
| Story(s) | 1 |
| Acreage | 0.14 |
Interior
| Cooling Yes / No | Yes |
|---|---|
| Cooling | Central Air |
| Heating Yes / No | Yes |
| Heating | Baseboard, Electric, Forced Air, Natural Gas, Wood |
| Interior Features | Separate Formal Dining Room, Eat In Kitchen |
| Window Features | Metal, Vinyl |
| Furnished | Unfurnished |
| Appliances | Electric Water Heater, Gas Water Heater, Microwave, Oven, Range, Refrigerator |
Exterior
| Roof | Metal |
|---|---|
| Construction Materials | Masonite, Vinyl Siding, Wood Frame, Stick Built |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Rv Access Parking |
Utilities
| Utilities | Cellular Phone Reception, Electricity Available, Natural Gas Available, High Speed Internet Available |
|---|
Other
| List Aor | Montrose Association Of Realtors |
|---|
Area Information
| State | CO |
|---|---|
| County | Delta |
| City | Cedaredge |
| Zip Code | 81413 |
| Area | Surface Creek |
| School District | Cedaredge 9-12 |
| Elementary School | Cedaredge K-5 |
| High School | Cedaredge 9-12 |
| Listing VS Median (in 81413) | |
Price: $347,400 low | high Med: $452,500 sqft: 1,388 low | high Med: 3,468 $ / sqft: $250 low | high Med: $209 On site: 216 low | high Med: 90 | |
Market Activity 81413
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Learn More About This Property
| State | CO |
|---|---|
| County | Delta |
| City | Cedaredge |
| Zip Code | 81413 |
| Area | Surface Creek |
| School District | Cedaredge 9-12 |
| Elementary School | Cedaredge K-5 |
| High School | Cedaredge 9-12 |
| Listing VS Median (in 81413) | |
Price: $347,400 low | high Med: $452,500 sqft: 1,388 low | high Med: 3,468 $ / sqft: $250 low | high Med: $209 On site: 216 low | high Med: 90 | |
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