7 Bedroom House For Sale By Owner in Trinidad, CO

Property Description

7-Bedroom Historic Multi-Family Property for Sale in Trinidad, CO – Investor’s Dream, FSBO Seize the chance to own a piece of history with this historic multi-family property in Trinidad, CO.
Perfectly situated just blocks from downtown, this property offers exceptional cash flow potential and an incredible investment opportunity.
With modern updates paired with preserved architectural details, this property is a rare find and a must-see for any investor.
Key Features: Prime Location: Just minutes from downtown, surrounded by single-family homes.
Historic Charm: Beautifully preserved architecture that offers unique character and appeal.
Appraised at $325,000 in as-is condition, with substantial equity potential once renovated.
Multi-Family Property: 4 total units, including 3 above-ground units that have been consistently rented for the past 5 years.
Basement Unit: The 4th unit is located in the basement, awaiting renovation to unlock its full rental potential and significantly increase the property’s value.
Double Lot: Includes 3 off-street parking spots and a driveway.
Priced Below Appraised Value: Instant equity on Day 1, a rare opportunity for investors.
Why This Property? Steady Income Stream: 3 fully rented units providing immediate rental income.
Strong Rental Demand: Prime location with high demand for rental properties in the area.
Renovation Potential: Finish the basement unit and add a laundry room to further increase cash flow.
Current Market Rental Income: 4 Bedroom, 1 1/2 Bath: $1,350/month 2 Bedroom, 1 Bath: $1,150/month 1 Bedroom, 1 Bath: $950/month Total Current Rent: $3,400/month Basement Unit Potential (Once Renovated): $1,000/month Renovations are currently underway in the 4-bedroom and 1-bedroom units, designed to further increase the property’s value and rental potential.
Once complete, the property will be listed with an agent, making this an ideal opportunity to invest before the market price increases.
Don’t miss out on this incredible investment opportunity! Contact us today for more information or to schedule a showing.
Act fast—this historic multi-family property won’t last long (719) 422-3567!

Details & Amenities

Property Address

217 E 3rd St, Trinidad, CO 81082, USA, City - Las Animas County