846 16th Street

Prime Location on University Hill, within walking distance to CU and just blocks to historic Chautauqua park. This 6 Bedroom 2 Bath home Leased for the 2023-2024 for $7800 a month and 2024-2025 school year for $8340 a month. Listed rent is reflective of pre-leased commitments and effective starting August 2024.This classic brick home sits on a large west-facing corner lot offering an expansive park-like backyard with 3 designated parking spots. Inside find a large living room with wood floors and a lovely flagstone fireplace along with a charming kitchen and two good-sized bedrooms and a full bath on the main floor. On the lower level, 4 more bedrooms all with garden-level windows allowing for plenty of natural light, a full bath, and laundry await. The 4th bedroom offers a walk-out door option which would also make a great recreation room. 2 bedrooms are non-conforming. Don't miss this fantastic investment opportunity close to a 6%Cap Rate.

Listing Office: RE/MAX Professionals Ken Caryl