6-Unit Multifamily Investment

Description:

Great Investment Opportunity in Trinidad, CO
This two-story property features 6 apartments, each with 2 BR/1BA, modern furnishings, and updated appliances. Four of the units are being rented short-term through Airbnb and VRBO. One of the units is being remodeled and will be available for rent in July 2022. The remaining unit has a long-term tenant on a month-to-month lease. 2021 NOI was $71,500 - yielding a 6.5% as-is cap rate. The large lot has room to build additional units. This is a great opportunity for an investor in a market with very little competition and upside potential through increased occupancy and rates.  Pricing includes all FF&E.  Please contact broker for information and showings.