$660,000
$649,000
1.7%For more information regarding the value of a property, please contact us for a free consultation.
0.29 Acres Lot
SOLD DATE : 10/02/2024
Key Details
Sold Price $660,000
Property Type Multi-Family
Sub Type Quadplex
Listing Status Sold
Purchase Type For Sale
Subdivision Lakeshore
MLS Listing ID IR1017674
Sold Date 10/02/24
Style Tudor
HOA Y/N No
Originating Board recolorado
Year Built 1970
Annual Tax Amount $3,308
Tax Year 2023
Lot Size 0.290 Acres
Acres 0.29
Property Description
Check out this fantastic investment opportunity in Evans! This four-unit property offers comfortable living for tenants and profits for the owner. Property under leased - time for a more active owner to bring out the financial capabilities of this investment, with a potential Cap rate of 6.98%. Each unit has a window A/C, and a domestic boiler heats the building. This 4-plex in Northern Colorado is a great investment opportunity with 10 bedrooms and 6 bathrooms, making it the best value in Northern Colorado. Constructed with 80% brick and recently upgraded with a new roof featuring Class 4 shingles, new gutters, fresh paint, and modern garage doors with openers, the property is designed for long-term durability and minimal maintenance. The consistent occupancy rate since 2016, with no vacancies and no need for active listings, underscores its rental solid demand. 2 oversized single-car garages attached to the 3/2 units add further value, making it an ideal choice for tenants seeking convenience and space. Additionally, being 1 block from the charter elementary school attracts families looking for educational opportunities, and 2 blocks from the fantastic Monfort Family Clinic and grocery store creates a walkable environment to enhance its rental appeal. This 4-plex is more than just an investment - it's a pathway to building lasting wealth.
Location
State CO
County Weld
Zoning Multifam
Rooms
Basement None
Interior
Heating Hot Water
Cooling Air Conditioning-Room
Fireplace N
Appliance Self Cleaning Oven
Exterior
Exterior Feature Balcony
Utilities Available Electricity Available, Natural Gas Available
View City
Roof Type Composition
Total Parking Spaces 8
Building
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Brick,Wood Frame
Schools
Elementary Schools Centennial
Middle Schools Other
High Schools Greeley Central
School District Greeley 6
Others
Ownership Individual
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
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