Introducing the exceptional *Rifle Colorado Converted Church Investment Property!* This is a rare and fantastic opportunity for investors seeking a property with great character and significant rental potential.
Situated in Rifle, Colorado, this remarkable investment property comprises a converted church and convent complex, offering a total of 4 family units, along with a detached single-family home. With its versatility, it's an ideal choice for both long-term and short-term rentals, ensuring a steady stream of income.
Located just minutes away from downtown Rifle, a large shopping complex, numerous dining options, and a vibrant entertainment scene, this property provides convenient access to the amenities and attractions that tenants desire. Furthermore, it's in close proximity to parks, outdoor recreation areas, and family-friendly activities, making it an enticing choice for a wide range of renters. Additionally, the area boasts well-rated schools, further enhancing its appeal to potential tenants.
The complex itself comprises 4 individual units and one spacious single-family home. Most of these units underwent extensive renovations in 2019, ensuring they meet the expectations of modern renters. The single-family home offers 4 bedrooms and 2,195 square feet of living space, featuring charming bay windows and a modernized kitchen with stainless steel appliances. This blend of heritage layout and contemporary finishes creates a comfortable and attractive rental environment.
Within the four-plex units, you'll find a variety of options, ranging from studio apartments to a luxurious 3,000-square-foot, 3-bedroom loft spread across three stories. These units are designed to provide compelling features and amenities, making them highly competitive in the rental market and capable of commanding profitable rental rates.
The property's excellent location in a mature neighborhood ensures it attracts high-quality tenants, adding to the overall appeal of this investment opportunity. Moreover, the area has seen consistent annual rental demand growth of 11%, indicating a thriving rental market. As of now, the property generates a monthly revenue of just over $5,000, underlining its potential for substantial returns on investment.
In terms of specifications, the property boasts a generous gross land area of 12,500 square feet, with a total rentable area of 8,725 square feet, including 6,530 square feet in the converted church and 2,195 square feet in the single-family home. Altogether, there are 11 bedrooms and a total of 6 full baths and 2 half baths, providing ample accommodation for tenants.
Don't miss out on this outstanding **Rifle Colorado Converted Church Investment Property**. With its unique character, prime location, and significant rental potential, it presents an excellent opportunity to maximize your investment portfolio. Contact us today for more information on this exceptional investment opportunity!
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