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Residential > House
Pending
02/15/2007
List Price
$789,000$53/ft²

109 Adams Blvd
Westcliffe, CO 81252

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  • 109 Adams Blvd, Westcliffe, CO 81252 is a 14 bed, 10 bath, 14,880 ft² house built in 1989 on a 2.030 acre lot. This house is currently pending, and it was last sold in 2007 for $860,500. The latest TopHap estimate of the house's value is $437,888.

    Property Valuations

    Latest estimates for 109 Adams Blvd based on TopHap automated valuation model (AVM).

    MLS Description

    The listing agent's description. Original Listing

    This is the perfect property for a true owner/operator. Make a low cash investment and allow the benefits of subsidies to provide stability to your leveraged operations. There are many rules to follow, but the reward for you can be multiple financial benefits that result in great returns, especially compared to the very low risk that the subsidies maintain! Mixed financing at an effective rate of just under 2% can be verified in the 17-year financial history. Based on listing price, the subsidies yield a GRM of 5, and a look under the covers reveals a Cap. Rate just under 6%. With the low-cost financing that is already in place to be assumed, the net cash returns are in the 10% range. Furthermore, this property has enjoyed full occupancy for the past 17 years of current ownership, and a tenant waiting list is consistently many months long. The USDA program rules can be complex; but the owner has agreed to assist as necessary to assure that you meet the management requirements of the ownership transition and understand just how this property can perform for you.

    Listing Agents

    The listing agent for 109 Adams Blvd is Michael Anthony.

    Current Ownership

    Information about the current owner(s).

    Property History

    109 Adams Blvd has undefined property events records (listings, deeds, permits, tax, foreclosure, loan).

    Property Events

    Environment

    Environmental factors around 109 Adams Blvd

    School Information

    Public/private schools serving 109 Adams Blvd

    Neighborhood

    This property is located in Westcliffe.

    Market Trends

    Historical market data near 109 Adams Blvd over selected time period.

    Copyright © 2024 Westcliffe Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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