$840,000
$785,000
7.0%For more information regarding the value of a property, please contact us for a free consultation.
0.29 Acres Lot
SOLD DATE : 05/20/2022
Key Details
Sold Price $840,000
Property Type Multi-Family
Sub Type Quadplex
Listing Status Sold
Purchase Type For Sale
Subdivision Thunderbird Plaza
MLS Listing ID IR961506
Sold Date 05/20/22
HOA Y/N No
Originating Board recolorado
Year Built 1970
Tax Year 2021
Lot Size 0.290 Acres
Acres 0.29
Property Description
Back on the market, Buyer failed to deliver EM, no fault of Seller or property. Buyer wrote offer sight unseen, was scheduled to view units this weekend with inspection next week but failed to deliver EM prior. Fantastic 4-plex, great investment opportunity!! 2 bedroom 1 bath each unit. 2 units have private fenced patio area, 2 units have private fenced back yards. Kitchens & bathrooms updated in 2009, new roof in 2009. Both water heaters replaced in 2021. Common laundry room, could add coin operated machines to generate additional income. Seller is disclosing one tenant has frequent late payments. All units on month-to-month lease. Buyer to conduct own research on potential monthly rent amount, current rents are under market value. Listing agent is related to Seller. Seller is not providing a "cap rate" due to current low market rents. Landlord pays water/sewer, trash, gas, and pays electric in common areas, tenants pay electric in individual units.
Location
State CO
County Larimer
Zoning MMN
Rooms
Basement None
Interior
Heating Hot Water
Cooling Air Conditioning-Room
Equipment Satellite Dish
Fireplace N
Appliance Dishwasher, Oven, Refrigerator
Exterior
Utilities Available Cable Available, Electricity Available, Natural Gas Available
Roof Type Composition
Total Parking Spaces 5
Building
Story One
Water Public
Level or Stories One
Structure Type Wood Frame
Schools
Elementary Schools O'Dea
Middle Schools Boltz
High Schools Fort Collins
School District Poudre R-1
Others
Ownership Individual
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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