Description
Escape the traffic of Pagosa Springs. If peace, quiet and privacy are what you're seeking, look no further! Just 3 miles south of town, Trillium Townhomes' 4 units comprise 2 duplexes and sit atop a pine-covered bluff on 3.3 acres. They have large, privately owned backyards and a common front area that includes the driveways. These SINGLE-STORY units were built in 2002 and are 1670 SF apiece with 3 bedrooms including a primary suite with a walk-in closet, 2 full baths, a 1-car garage, vaulted ceilings in the living room, and private, covered back patios with mountain views. Each backyard is 1/4 - 1/3 acre and can be fenced per the POA Covenants and Restrictions. Units A & B have a new roof, last summer all units were freshened up with new carpeting, vinyl wood plank flooring, and paint inside and out. Most appliances were replaced, along with most light fixtures, faucets, screen doors, and laundry folding tables were added. Everything is in good working order. All units are tenanted; however, flexible leases enable a Buyer to move in shortly after closing if desired. Annual gross income is currently $103,500, increasing to $105,900 by year's end. Team Pagosa is the current property manager and is doing an excellent job. In May 2023, these units were appraised at $425K apiece before the seller invested more than $275K into improvements and repairs of all four units. The subdivision process is completed, and the property now has 4 separate water meters. Septic has passed inspection, and the Transfer of Title has been completed. The seller is a licensed Colorado real estate agent.
