NOT LISTED FOR SALE
10 Beds
12 Baths
5,170 Sq Ft
0.26 Acre Lot

Sale Details

Date Sold: October 31, 2024

Last sale price $1,232,500 $238 Per Sq Ft

49 Days on Market

Highlights

  • No HOA
  • Community Pool
  • Cooling Available
  • Beattie Elementary School Rated A-
  • Walk-In Closet
  • Patio

About This Home

As of October 2024

Phenomenal investment opportunity. Fully rented 4-plex with a fantastic Ftc location near Drake & Shields. Very solid rental history. Two 3 bed, 2.5 bath units and two 2 bed 2.5 bath units. Each unit is a 2-story plan w/fireplace, in-unit laundry, pantry, primary bedrooms w/private bath, back patio, and 2-car attached garage! Neighborhood pool. Minimum of 24 hour notice for all showings- the more notice the better. For initial showings 1-2 units will be available for viewing & once under contract we will arrange for all units to be viewed.

Last Agent to Sell the Property

Dennis Schick

RE/MAX Alliance-FTC South License #40040924 Listed on: 09/12/2024

RE/MAX Alliance-FTC South

Last Buyer's Agent

Dennis Schick

RE/MAX Alliance-FTC South License #40040924 Listed on: 09/12/2024

RE/MAX Alliance-FTC South

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,413

Year Built

  • Built in 1979

Lot Details

  • 0.26

Home Design

  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 5,170 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Double Sided Fireplace
  • Window Treatments
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 10 Bedrooms
  • Walk-In Closet
  • 12 Bathrooms

Schools

  • Beattie Elementary School
  • Blevins Middle School
  • Rocky Mountain High School

Utilities

  • Cooling Available
  • Forced Air Heating System

Additional Features

  • Patio
  • 11,445 Sq Ft Lot

Listing and Financial Details

  • Tenant pays for deposit, gas, electricity, trash collection
  • Assessor Parcel Number R0768111

Community Details

Overview

  • No Home Owners Association
  • Association fees include common amenities, trash, snow removal, ground maintenance, management
  • 4 Units
  • Cimarron Square Subdivision

Recreation

  • Community Pool
  • Park

Building Details

  • Gross Income $75,300
  • Net Operating Income $69,887

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,413

Year Built

Built in 1979

Lot Details

0.26 Acres

Listing Details

  • Year Built: 1979
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.26
  • Subdivision Name: Cimarron Square
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 5170
  • Special Features: None
  • Stories: 2

Interior Features

  • Possible Use: Multi-Family
  • Private Spa: No
  • Appliances: All Appliances
  • Has Basement: None
  • Total Bedrooms: 10
  • Fireplace Features: Double Sided
  • Fireplace: Yes
  • Interior Amenities: Pantry, Walk-In Closet(s)
  • Window Features: Window Coverings
  • ResoLivingAreaSource: Other

Exterior Features

  • Roof: Composition
  • Waterfront: No
  • Construction Type: Wood/Frame
  • Patio And Porch Features: Patio
  • Property Condition: Not New, Previously Owned

Utilities

  • Cooling: Ceiling Fan(s)
  • Electric: Electric, City of Ftc
  • Heating: Forced Air
  • Utilities: Natural Gas Available, Electricity Available
  • Laundry Features: Washer/Dryer Hookups
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: City Sewer
  • Water Source: City Water, City of Ft Collins
  • Gas Company: Natural Gas, Xcel

Condo/Co-op/Association

  • HOA Fee Includes: Common Amenities, Trash, Snow Removal, Maintenance Grounds, Management
  • Community Features: Pool, Park
  • Senior Community: No
  • Association: No

Association/Amenities

  • IRESDS_HasAssociation2Reserve: No
  • IRESDS_HasAssociation2Fee: No
  • IRESDS_HasAssociationReserve: No
  • IRESDS_HasAssociationFee: No

Schools

  • Elementary School: Beattie
  • HighSchool: Rocky Mountain
  • Junior High Dist: Poudre
  • Middle Or Junior School: Blevins

Lot Info

  • Zoning: MMN
  • Lot Size Sq Ft: 11445
  • Parcel #: R0768111
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Deposit, Gas, Electricity, Trash Collection

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 5413

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 75300
  • Income Includes: ["Lease/Rents"]

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 12, 2024
Closed on
Oct 31, 2024
Sold by
Bought by
Seller's Agent
Dennis Schick
RE/MAX Alliance-FTC South
Buyer's Agent
Dennis Schick
RE/MAX Alliance-FTC South
List Price
$1,300,000
Sold Price
$1,232,500
Premium/Discount to List
-$67,500
-5.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$924,375
Interest Rate
0.0609%
Mortgage Type
New Conventional
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,232,500 Land Title Guarantee
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $924,375
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
10/31/2024 10/31/24 Sold $1,232,500 -5.2% $238 / Sq Ft
09/12/2024 09/12/24 For Sale $1,300,000 -- $251 / Sq Ft
Source: IRES MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,689 $65,000 $12,500 $52,500
2024 $5,413 $62,980 $13,400 $49,580
2022 $4,495 $47,600 $8,160 $39,440
2021 $4,642 $50,050 $8,580 $41,470
2020 $4,215 $45,045 $8,580 $36,465
2019 $4,233 $45,045 $8,580 $36,465
2018 $3,830 $42,019 $5,184 $36,835
2017 $3,817 $42,019 $5,184 $36,835
2016 $3,023 $33,113 $5,731 $27,382
2015 $3,001 $33,110 $5,730 $27,380
2014 $2,716 $29,770 $5,730 $24,040
Source: Public Records

Agents Affiliated with this Home

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Map

Source: IRES MLS

MLS Number: IRE1018539

IRES MLS
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