1913/1915 Pioneer Drive Silt, CO 81652
4 Beds
2 Baths
1,572 SqFt
UPDATED:
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 1,572 sqft
Price per Sqft $349
Subdivision Lyon Sub
MLS Listing ID 194150
Bedrooms 4
Full Baths 2
Year Built 1997
Annual Tax Amount $2,827
Tax Year 2025
Lot Size 840 Sqft
Acres 0.02
Property Sub-Type Condominium
Source Aspen Glenwood MLS
Property Description
Offered at $550,000 | Two Units | $38,400 in Annual Gross Scheduled Rent
Discover a versatile investment opportunity at 1913 & 1915 Pioneer Dr in Silt, Colorado. Offered together for $550,000, these two separately deeded condominium units provide an opportunity to acquire an established rental property with existing income and flexible ownership possibilities.
Conveniently located near downtown Silt, local amenities, and Interstate 70, this offering includes two 2-bedroom, 1-bathroom units, each with 786 square feet of living space. Combined, the property offers 4 bedrooms, 2 bathrooms, and 1,572 square feet across both units.
Existing Rental Income
Both units are currently rented for $1,600 per month each, generating $3,200 in combined monthly rental income and $38,400 in annual gross scheduled rent. At the current asking price, this represents an approximate 7.0% gross rental yield before expenses.
Tenants pay all utilities, and both units are on month-to-month leases, offering flexibility for future rental management or potential owner occupancy, subject to applicable lease terms and laws.
Multiple Investment Strategies
- Dual rental income: Continue leasing both units to generate income from two rental residences.
- Owner-occupant opportunity: Live in one unit while renting the other to help offset housing expenses.
- Portfolio expansion: Add a two-unit rental opportunity to an existing real estate portfolio or begin building a rental investment strategy.
The two-unit configuration offers flexibility for investors seeking current rental income, while the condominium format may provide a more manageable alternative to a larger multifamily property.
With existing tenants, established rental income, and a convenient location in Silt, 1913 & 1915 Pioneer Dr offer an opportunity to explore the potential of a two-unit investment property for $550,000.
Two units. Existing income. No reported HOA dues. Multiple possibilities.
*Both condominium units and the associated Parker/Gardener Condominiums parcel are being offered together in one sale and will not be sold separately*
Location
State CO
County Garfield
Community Lyon Sub
Area Silt
Zoning PUD
Direction From I-70 Exit, at the traffic circle, turn right onto US-6 E/Main St. Turn left onto Pioneer. Property on your right.
Interior
Heating Forced Air
Cooling Central Air
Inclusions Dryer, Refrigerator, Washer, Range, Dishwasher
Exterior
Parking Features Common
Utilities Available Natural Gas Connected, Electricity Connected
Roof Type Composition
Garage No
Building
Water Public
Architectural Style Ranch
New Construction No
Others
Tax ID 217911202001
Acceptable Financing New Loan, Cash
Listing Terms New Loan, Cash
NEARBY SCHOOLS & PROPERTIES