212 1st St, Ault, CO, 80610

Excellent investment property with a high cap rate. Recently appraised for $500,000. Small commercial unit (hair salon) as well as three residential units. Main floor holds rented Beauty salon and residential unit; upper level has 2 residential units. Parking in front for commercial unit and parking lot in back for residential units. All units have month-to-month leases. For utilities, currently the landlord pays gas, trash, water, and periodic yard clean up; tenants pay own electric (separately metered), except unit #3, which is billed back to the tenant minus $85/month. Tenant occupied, so please allow 48-hour notice for showings.