610 Orchard Ave, Canon City, CO 81212 - Fremont County

Looking to add a hassle-free, cash-flowing property to your portfolio? This beautifully updated 4-plex is the perfect investment for the savvy buyer who is seeking a steady passive income with zero renovation headaches. With over one thousand square feet of living space in these 2BDR, 1BA apartments, the open floor plan and generous bedroom sizes make this a stellar rental property attracting A-renters who take care of your property. The updates are extensive, with apartment D, apartment A and apartment B being fully renovated in 2015, 2017 and 2019 respectively. There were three separate partial renovations performed on apartment C in 2017 and 2019 and 2023. And there are more updates which include new gas furnaces installed in 2017 in three of the four apartments. Also, newer washer and dryers (which are sold as part of the property) have been added for each apartment. In 2024, a new class 4 shingled roof was installed on both buildings and finally, a twelve-foot by sixteen-foot storage shed was built in 2023 to store all the items, tools and supplies needed or rent this space for additional income. With a great central location, dedicated off street parking, strong rental history, a cap rate of five plus percent and the option to purchase with owner financing allowing you to skip the traditional lending hurdles make this property a passive income powerhouse. Contact us today to schedule a showing or request financials.

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