450 G Ave
About This Property
Major concerns are already complete and in great working order, including new windows (2024) furnace (2010), water heater (2019), and roof (2017). Inside, you'll find no carpet, creating a clean, low-maintenance living space, and all appliances are included-just move in and get settled.
The oversized living room offers a strong value-add opportunity: it can easily be converted into a second bedroom, as the area already includes a closet and a window. It simply needs one wall and a door to complete the space. A contractor quote of approximately $1,300 makes this an affordable way to gain additional living space and boost long-term value.
The basement has been used for storage, offering extra flexibility, and the home also includes a window A/C unit for warmer months. Outside, enjoy the large lot, perfect for pets, entertaining, or future expansion.
Located just minutes from downtown Limon, approximately 5 minutes from I-70, and about 1.5 hours from Denver, this home offers small-town charm with practical access. Bonus: this is the kind of street where carolers still come by, adding to the warm neighborhood feel.
A solid home with updates already done-and a smart way to build equity from day one.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 17, 2025 | Listed by Real Broker, LLC DBA Real | $145,000 | |
| Listed by Real Broker, LLC DBA Real | |||
| Apr 3, 2024 | Sold | ||
| Sold | |||
| Feb 7, 2024 | Listed by RURAL AMERICAN REALTY | $120,000 | |
| Listed by RURAL AMERICAN REALTY | |||
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If you are looking for an affordable one-bedroom home... look no further. This home is amazingly roomy for 552 Square Feet. A generous living room continues into the dining area, the kitchen and utility room are beyond to your right, bathroom to your left and spacious bedroom is straight ahead. Almost new appliances include refrigerator, range, microwave and washer and dryer. New paint, flooring, countertops and an updated bathroom make this a move-in ready delight. You will appreciate all of the natural light and the updated light fixtures. A large backyard is partially fenced. Lots of room for parking to the right of the home. A cellar offers extra storage and houses the furnace and water heater. You will love the easy walking distance to downtown amenities. Great workforce housing if you need a second home in Limon to ease your weekly commute or looking for an affordable property to call your own.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017