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Justin Morgan

justin@gratitudehomesgroup.com +1(720) 893-2278

$289,000

Est. payment - /mo

4 Beds

2 Baths

1,584 SqFt

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Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,584 sqft

Price per Sqft $182

Subdivision La Veta Addition

MLS Listing ID 2668155

Bedrooms 4

Full Baths 2

HOA Y/N No

Abv Grd Liv Area 1,584

Year Built 1972

Annual Tax Amount $1,105

Tax Year 2025

Lot Size 10,018 Sqft

Acres 0.23

Property Sub-Type Single Family Residence

Source recolorado

Property Description

Investment Opportunity in the charming town of La Veta! Just a short walk from charming downtown La Veta, this versatile duplex offers income potential, flexibility, and small-town Colorado living. Each unit features 2 bedrooms, 1 bath, and approximately 782 sq. ft., making it ideal as a full investment property, multi-generational home, or primary residence with rental income to help offset your mortgage. Both units are currently rented at $850 and $875/month, with one becoming available September 1. Current NOI is approximately $15,364 with a 5.3% cap rate before vacancy, based on current rents. Separate utilities keep ownership simple, with tenants responsible for all utilities except water. With established rental history, low carrying costs, multiple use options, and a location within walking distance of downtown, this La Veta duplex is an opportunity you won't want to miss!

Location

State CO

County Huerfano

Zoning Residential

Rooms

Basement Crawl Space

Main Level Bedrooms 4

Interior

Heating Baseboard, Hot Water

Cooling None

Flooring Laminate

Fireplace N

Appliance Dryer, Washer

Exterior

Fence Partial

View Mountain(s)

Roof Type Composition

Total Parking Spaces 2

Garage No

Building

Sewer Public Sewer

Water Public

Level or Stories Multi/Split

Structure Type Frame,Stucco

Schools

Elementary Schools La Veta

Middle Schools La Veta

High Schools La Veta

School District La Veta Re-2

Others

Senior Community No

Ownership Individual

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

Special Listing Condition None

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Listed by Code of the West Real Estate

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Justin Morgan

+1(720) 893-2278

Agent

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601 & 603 Virginia La Veta, CO 81055

Justin Morgan

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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601 & 603 Virginia