2 Property Package - 1.13 acres

418 E Kansas Ave, Hasty, CO 81044

$94,250 After Repair Value -
$37,000 Asking Price -
$15,000 Cost of Repairs =
$42,250 Potential Profit

Property Details

Asking Price $37,000

After Repair Value $94,250

Costs of Repairs $15,000

Potential Profit $42,250

Living Area 800 ft2

Property Type Land

Bedrooms 1

Bathrooms 1

Half Bathrooms 1

Parking 0

Listed with Agent No

EPI (Estimated Potential Income)

Potential Rental Income $650

Yearly Expenses $1,500

Property Taxes $26

Net Operating Income $6,240

Cap Rate N/A

Property Description

I have a 2 bed, 1 bath 1990s mobile home for sale with 2 pieces of land in Hasty, CO

The land that the home sits on is .65 acres. The vacant piece of land is .48 acres. The vacant land has no utilities installed. The last picture shows where the 2 properties are located, highlighted in purple. These two pieces of land have mixed use zoning and can be used for pretty much anything. No restrictions against camping or having RVs.

Hasty is centrally located within Bent County:

- John Martin Reservoir is just a 5 minute drive

- Las Animas is 18 minutes away

- Lamar is 24 minutes away

- La Junta is 35 minutes away

The home is in really rough shape. Main issue that needs fixed is a corner of the roof is completely tore off. Inside will need completely renovated. Estimated cost to renovate is $20k-$30k. Property with the utilities installed is at 418 Kansas Ave Hasty, CO. The other vacant piece of land is on the corner of Sunflower & Dodge, just 3 blocks from 418 Kansas Ave.

The property has electric and water installed. New septic tank was installed in 2019.

The best option for the mobile home is to move it off to sell/trash it. Housing is very much in demand in SE Colorado. . A new mobile home can be placed on the land to exponentially increase the value! Utilities are in place and ready to go.

All property taxes and utilities are paid and up to date. Property taxes are $26 a year.

Repairs Needed

roof, kitchen, bathroom

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