Looking for a rental investment property? Look no further than this 3-bedroom townhome in the heart of Homestead in Edwards, CO. The current owner has used the property as a rental for the past 18 years with only four months of vacancy! The HOA is very well maintained and there are no short-term rental restrictions. Similar units that have not been updated are currently renting for $2,900+/month! The property needs some TLC but if you are willing to put in some sweat equity, this unit could be a slam dunk.
The townhome enjoys an ideal floorplan with two large bedrooms on the upper level featuring vaulted ceilings and en-suite baths. The main level is open and airy with the kitchen, living, and dining room, plus a large closet and powder room for your guests. The spacious lower level is where you can gain the most equity, as there is a full bathroom already framed out and plumbed, waiting for a new owner to put their stamp on it. There is a large storage area plus the third bedroom with a walk-in closet.
Ideally located just steps from hiking trails, neighborhood parks and the recently renovated Homestead Court Club, this is the perfect spot for both long and short-term tenants. This is currently the lowest priced per square foot 3-bedroom townhome or condominium in all of Homestead, Edwards, Avon and Eagle Vail at just $268/SQ.FT.