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406 W 4th Ave

Iliff, CO 80736
  • $318,000
  • STATUS: Active
  • ON SITE: 40 Days
  • MLS #: 1006757
UPDATED: 42 min ago
$318,000
  • 6
    BEDS
  • 0.23
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
  • 4,567
    SQFT
  • $70
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1933
County:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

Welcome to your next investment opportunity in the town of Iliff, Colorado! This 4-plex offers a blend of comfort and convenience, making it an exceptional choice for investors or owner-occupiers. This property features four well-appointed units designed to meet a variety of lifestyle needs. Among them are three charming one-bedroom, one-bathroom units, providing cozy living spaces. Additionally, there's a spacious three-bedroom, two-bathroom unit, perfect for those desiring extra space. A notable feature of this property is the convenience of a two-car attached garage, ensuring residents have ample parking space and easy access to their vehicles year-round. Recent upgrades add value and appeal to this 4-plex. A brand-new roof and furnace offer peace of mind, minimizing maintenance concerns and enhancing energy efficiency for both the owner and tenants. Unit C shines with its recently updated bathroom, boasting modern fixtures and finishes that elevate the living experience. Each unit also enjoys its own separate fenced area, providing privacy and creating a sense of personal space for residents to relax and unwind outdoors. Whether you're looking to expand your investment portfolio or searching for a place to call home with the added benefit of rental income, this 4-plex in Iliff presents a rare opportunity not to be missed. Schedule a viewing today and discover the potential this property has to offer!

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© 2024 Information and Real Estate Services, LLC. IDX 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 is deemed reliable but is not guaranteed accurate by the MLS or Re/Max Alliance. Data last updated: 2024-05-30T14:43:31.247.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
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406 W 4th Ave Iliff, CO 80736

  • Price: $318,000
  • Status: Active
  • On Site: 40 Days
  • Updated: 42 min ago
  • MLS #: 1006757
6
Beds
5
Baths
0
½ Baths
0.23
Acres
4,567
SQFT
$70
$/SQFT
1933
Built
Neighborhood:
Original Iliff
County:
Logan
Area:
15 Logan County (all)
Elementary School:
Caliche
Middle School:
Caliche
High School:
Caliche
School District:
Valley RE 1
Property Description
Welcome to your next investment opportunity in the town of Iliff, Colorado! This 4-plex offers a blend of comfort and convenience, making it an exceptional choice for investors or owner-occupiers. This property features four well-appointed units designed to meet a variety of lifestyle needs. Among them are three charming one-bedroom, one-bathroom units, providing cozy living spaces. Additionally, there's a spacious three-bedroom, two-bathroom unit, perfect for those desiring extra space. A notable feature of this property is the convenience of a two-car attached garage, ensuring residents have ample parking space and easy access to their vehicles year-round. Recent upgrades add value and appeal to this 4-plex. A brand-new roof and furnace offer peace of mind, minimizing maintenance concerns and enhancing energy efficiency for both the owner and tenants. Unit C shines with its recently updated bathroom, boasting modern fixtures and finishes that elevate the living experience. Each unit also enjoys its own separate fenced area, providing privacy and creating a sense of personal space for residents to relax and unwind outdoors. Whether you're looking to expand your investment portfolio or searching for a place to call home with the added benefit of rental income, this 4-plex in Iliff presents a rare opportunity not to be missed. Schedule a viewing today and discover the potential this property has to offer!
Exterior Features

Construction Materials Wood/Frame Exterior Features Balcony Fencing PartialWood Horse YN No Levels Two Road Frontage Type Highway Road Surface Type Asphalt Roof CompositionMetal Spa YN No View City Waterfront YN No

Interior Features

Accessibility Features Level Lot Appliances Electric Range/OvenGas Range/OvenRefrigeratorWasherDryer Basement None Heating Forced Air Heating YN Yes Living Area Source Assessor Unit1 Bedrooms 1 Unit1 Est Sq Ft 625 Unit1 Total Baths 1 Unit2 Bedrooms 1 Unit2 Est Sq Ft 466 Unit2 Total Baths 1 Unit3 Bedrooms 1 Unit3 Est Sq Ft 755 Unit3 Total Baths 1 Unit4 Bedrooms 3 Unit4 Est Sq Ft 1783 Unit4 Total Baths 2

Property Features

Association YN No Cap Rate 12.78 Ditches Active YN No Exclusions Personal property of tenants. Gas Natural GasBlack Hills Gross Income 44040 Has Improvements No Has Water Rights No Listing Sub Status None Listing Terms CashConventional Locale Iliff Net Operating Income 40656.26 New Construction YN No Operating Expense 3383.74 Possible Use Single FamilyMulti-Family Property Condition Not NewPreviously Owned Property Sub Type Income Property Senior Community YN No Sewer City Sewer Special Listing Conditions Private Owner Tax Annual Amount 1194.74 Tax Year 2023 Tenant Pays DepositGasElectricity Unit1 Rent 800 Unit2 Rent 645 Unit3 Rent 875 Unit4 Rent 1350 Utilities Natural Gas Available Water Source City WaterTown of Iliff Zoning RES

Listing information © 2024 Information and Real Estate Services
Listing provided courtesy of Erin Debus of Town Square Realty: 9705222009.



© 2024 Information and Real Estate Services, LLC. IDX 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 is deemed reliable but is not guaranteed accurate by the MLS or Re/Max Alliance. Data last updated: 2024-05-30T14:43:31.247.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
 
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