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125 N Madison Street Cortez, CO 81321
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Key Details
Sold Price $300,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,872 sqft
Price per Sqft $160
Subdivision F R Coffins Addition
MLS Listing ID 830325
Sold Date 01/02/26
Bedrooms 4
Full Baths 4
Year Built 1992
Annual Tax Amount $885
Tax Year 2024
Lot Size 6,534 Sqft
Acres 0.15
Property Sub-Type Duplex
Property Description
DUPLEX, Opportunity knocks with income property in Cortez. Two units with each containing 2-Bedrooms, 2-baths (duplex) in the heart of Cortez located 2 properties off of Montezuma Ave. Each unit has a small private courtyard as well as convenient grilling area. Large graveled parking area on the west side of duplex unit with convenient alley access. Gross monthly income of $1,900 a month with the tenants paying electricity and natural gas. Monthly expenses to the owner are water & trash $115-125; Sewer, $100. Insurance $86; Taxes $75. Very conveniently located centrally in town with the Recreation Center, Supermarkets, Library and 3 City parks within blocks of this location. Excellent rental income history with long term tenants. This could be an income opportunity and/or live in one unit and collect rental income on the other unit. Its a win win situation!!
Location
State CO
County Montezuma
Zoning Residential Multi Family
Rooms
Basement Concrete
Interior
Flooring Carpet, Linoleum
Furnishings Unfurnished
Exterior
Roof Type Metal
Building
Story One Story
Foundation Concrete
Sewer City Water
Water City Water
New Construction No
Schools
Elementary Schools Kemper K-5
Middle Schools Cortez 6-8
High Schools Montezuma-Cortez 9-12
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