7501 US Highway 50
About This Property
This property includes a vintage 1960s manufactured home (not purged) equipped with an eat-in kitchen, living room with wood burning stove, 2 bedrooms and a full bathroom. The home features wood and tile floors throughout, pocket doors, vintage fixtures and finishes, and ample storage for your belongings.
The approximately 400 square foot, partially covered deck overlooks the sparkling waters of the Arkansas River and offers spectacular views of red canyon rock outcroppings. This outdoor living space provides a sweet reprieve from the busyness of everyday life with excellent bird watching opportunities or the perfect space for an outdoor yoga session. There is also a covered outdoor space located off the back of the unit which makes for an excellent outdoor lounge area for relaxing or entertaining in the warmer months.
Keep it for your own private mountain river getaway or perhaps use it as an income-generating short term rental. (Short term rental capabilities to be verified by buyer with the Fremont County.)
The property has an in-house use well, septic system and is connected to electric and propane. There are 2 enclosed sheds for extra storage, an additional covered outdoor workspace, and ample parking. There is also a privacy fence that acts as a buffer between the home and the highway.
Don't miss this golden opportunity to have your own little slice of Arkansas River frontage just a short 12-mile drive from downtown Salida!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Aug 12, 2021 | Sold | ||
| Sold | |||
| Jun 9, 2021 | Listed | $325,000 | |
| Listed | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017