Unique investment opportunity in the beautiful Black Forest Area. Property is dual zoned for both residential and commercial and has 12 income producing units on 9.77 acres 1/2 block south of Burgess and Black Forest Road. Buildings include restaurant, single family home that is broken into two units; one "Air BNB" that is occupied 95% of the time and one studio apartment. One oversized garage, plus 7 other barns and warehouses and acreage for storage. Great in-place rental income as well as tenants currently paying all utilities. Recent updates to the "Air BNB" and studio apartment: tile flooring in kitchens, updated appliances, new paint, etc. Ample parking in front of the buildings and around the property.
Wide variety of lessees and they have been long term renters. Five of the units are on month to month leases. R & R Cafe lease ends June 2022. Three other units are on a three year lease . All tenants have expressed wanting to stay. Great location and Good condition. 2 septics (converted into one large one) and shared well for home and restaurant.
Property is being sold as is.
Courtesy of: 00004382-Exp Realty LLC The real estate listing information and related content displayed on this site is provided exclusively for consumers' personal, non-commercial use and, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information and related content is deemed reliable but is not guaranteed accurate by the Pikes Peak REALTOR® Services Corp. Updated: 25th October, 2021 7:45 AM
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