125 N Madison St, Cortez, CO 81321
- $315,000
- 4
- BA
- 1,872
- SqFt
Listing courtesy of 4 Corners Properties, Inc.. Selling Office: Keller Williams Realty Southwest Associates, LLC.
- Sold Price
- $315,000
- List Price
- $300,000
- Closing Date
- Dec 30, 2025
- MLS#
- 830325
- Type
- Multifamily
- Full-baths
- 4
- Sq. Ft
- 1,872
- Acres
- 0.15
- Year Built
- 1992
- Elementary School
- Kemper K-5
- Middle School
- Cortez 6-8
- High School
- Montezuma-Cortez 9-12
- County
- Montezuma
- Region
- Cortez
- Zip
- 81321
- City
- Cortez
- Subdivision
- F R Coffins Addition
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!!
Additional Information
- Heating
- Forced Air
Mortgage Calculator
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