Highlights
- City View
- No HOA
- Brick Veneer
- Tudor Architecture
- Balcony
- Air Conditioning
About This Home
As of October 2024Check 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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,308
Year Built
- Built in 1970
Lot Details
- 0.29 Acre Lot
Home Design
- Tudor Architecture
- Brick Veneer
- Wood Frame Construction
- Composition Roof
Interior Spaces
- 4,844 Sq Ft Home
- 2-Story Property
- Window Treatments
- City Views
- Self-Cleaning Oven
Bedrooms and Bathrooms
- 10 Bedrooms
- 6 Bathrooms
Outdoor Features
- Balcony
- Patio
Schools
- Centennial Elementary School
- Chappelow Middle School
- Greeley Central High School
Utilities
- Air Conditioning
- Hot Water Heating System
Listing and Financial Details
- Tenant pays for electricity
- Assessor Parcel Number R3877286
Community Details
Overview
- No Home Owners Association
- 4 Units
- Lakeshore Subdivision
Building Details
- Gross Income $63,600
- Net Operating Income $45,296
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/02/2024 10/02/24 | Sold | $660,000 | +1.7% | $136 / Sq Ft |
| 08/17/2024 08/17/24 | For Sale | $649,000 | +62.3% | $134 / Sq Ft |
| 01/28/2019 01/28/19 | Off Market | $400,000 | -- | -- |
| 03/13/2017 03/13/17 | Sold | $400,000 | -13.0% | $83 / Sq Ft |
| 02/11/2017 02/11/17 | Pending | -- | -- | -- |
| 06/20/2016 06/20/16 | For Sale | $460,000 | -- | $95 / Sq Ft |
Source: IRES MLS
MLS Number: 1017674
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Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information deemed reliable but not guaranteed by the MLS.
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