Price Reduction - Eco Friendly
Address
406 W 4th Avenue, Iliff, CO
Price
$ 318,000
Property Attributes
- MLS#IR1006757
- TypeMulti-Family
- CountyLOGAN
- CityIliff
- NeighborhoodORIGINAL ILIFF
- Zip80736
- Style
- Year Built1933
- Taxes$ 1194
- Price$ 318,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage4567
- Lot Size0.23 Acres
Data Source:
REColorado (MTOMLS)
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!
| Elementary School | Middle School | High School |
|---|---|---|
| Caliche Elementary School | Caliche Middle School | Caliche High School |
| Price History | |
|---|---|
| 4/10/2024 | Listed $320,000 |
| 5/16/2024 | 1% - $318,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Forced Air |
| Utilities | Natural Gas Available |
| Possession | Rental Agreement |
| Roof | Composition,Metal |
| Appliances | Dryer,Oven,Refrigerator,Washer |
| Exterior Features | Balcony |
| Zoning | RES |
| Construction Materials | Wood Frame |
| Exclusions | Personal property of tenants. |
| Year Built | 1933 |
| Tenant Pays | Electricity,Gas |
| View | City |
| Levels | Two |
| Property SubType | Quadplex |
| Tax Year | 2023 |
| Percent Ownership | Individual |
| Gross Income | 4695 |
| County | Logan |
| Net Operating Income | 38805.26 |
| Operating Expense | 1194.74 |
| Property Type | Residential Income |
| HOA / Comm Assn | No |
| Subdivision Name | ORIGINAL ILIFF |
| Possible Use | Multi-Family,Residential |
| Status | Active |
| High School | Caliche |
| City | Iliff |
| Buyer Agent Compensation | 2.50 |
| High School District | Valley RE-1 |
| Total Units | 4 |
| Lot Size Square Feet | 9940 |
| Street Name | 4th |
| Listing Terms | Cash,Conventional |
| Elementary School | Caliche |
| Tax Annual Amount | 1194.74 |
| Middle/Junior High School | Caliche |
| Standard Status | Active |
| Occupancy Type | Tenant |
| Elementary School District | Valley RE-1 |
| Cap Rate | 12.2 |
| Buyer Agent Compensation Type | % |
Interior Features
| Basement | None |
|---|---|
| Basement (Y/N) | No |
| Street Suffix | Avenue |
Exterior Features
| Fencing | Fenced,Partial |
|---|---|
| Lot Features | Flood Zone,Level |
| Water Source | Public |
| Building Area Total | 4567 |
| Lot Size Acres | 0.23 |
| Road Surface Type | Paved |
| Road Frontage Type | Public |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 80736
Price
Taxes
Visits
Year Built
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