Property in Canon City, Colorado

Paper Summary:

This paper focuses on one home on Canon City, Colorado. It discusses the property value, the assessment of the property value, the financial analysis figures that go into determining whether or not the home is a good investment, the cost of maintaining the building, the risk involved in making the purchase, and finally, if this property would have a profit or loss for the buyer.

From the Paper:

"The property being considered is a building erected in 1910 that is located in the town of Canon City, Colorado (Looplite). It is located at 605 Main Street on a retail commercial street, and was listed for sale on April 11, 2005 (Looplite). The property has a total of 12,810 square feet, with 4,000 square feet on each of the three floors. Located in the historical district, the building is in excellent condition. It is located 45 minutes from Pueblo, and 120 miles from Denver, in Fremont County. The total asking price for the property is $465,000, and the price per square foot is $36.30 (Looplite). II Demographics of Area. The median family income for Canon City is $52.482.00 ("Fast")."

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