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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
Style Tudor
Year Built 1970
Annual Tax Amount $3,308
Tax Year 2023
Lot Size 0.290 Acres
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
Interior
Heating Hot Water
Cooling Air Conditioning-Room
Exterior
Exterior Feature Balcony
Utilities Available Electricity Available, Natural Gas Available
View City
Roof Type Composition
Building
Story Two
Sewer Public Sewer
Water Public
Structure Type Brick,Wood Frame
Schools
Elementary Schools Centennial
Middle Schools Other
High Schools Greeley Central
School District Greeley 6
Others
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Bought with Colorado Dream Homes Realty