601 & 603 Virginia, La Veta, CO 81055

$289,000
4
BD
2
BA
1,584
SqFt
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Courtesy of Code of the West Real Estate . amanda@cotwrealestate.com,307-460-0872

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List Price
$289,000
Type
Multifamily
Status
ACTIVE
MLS Number
2668155
Finished Sqft
1,584
Above Grade Sqft
1584
Total Sqft
1584
Subdivision
La Veta Addition
Sub-Area
La Veta Addition
Year Built
1972
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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!

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Additional Information

School District
La Veta RE-2
Elementary School
La Veta
Middle School
La Veta
High School
La Veta
Basement
Crawl Space
Lot Size
10,018
Acres
0.23
Taxes
$1,105
Tax Year
2025
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Mountain(s)
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