Seller's Agent in 2022
The Key Group
RE/MAX
(719) 547-1727
1 in this area
206 Total Sales
136 E Front St Florence, CO 81226
Estimated Value: $611,000 - $994,000
20
Beds
21
Baths
7,741
Sq Ft
$103/Sq Ft
Est. Value
Highlights
- New Flooring
- No HOA
- Cooling System Mounted In Outer Wall Opening
- Newly Painted Property
- Fireplace
- Shed
About This Home
As of April 2022IMMEDIATE INCOME PRODUCER. Take adavantage of this oppurtinity to have all your rental income in one spot! There are 3 buildings (for the total sq ft listed above) in this transaction with the potential for a total of 20 (or more) tenants. Currently the property has all but 2 efficiency units rented and one side of the duplex is not rented. The Sellers live in the lower level of the main house and the maintenance guy lives in the upper level with no rent being collected on either, so 3 vacant units currently. This is an old Motel that has been rehabed and is at almost 100% occupancy. 3 more units need worked (#2 is in process ,#4,#19 and upper level of house) on and Seller has a waiting list of tenants. Reap the rewards of these Sellers and their hard work finally getting this property in a lucrative and desirable position. Cap rate is about 11% at full occupancy. The main building can be a VRBO, or can be lived in by the owner. The opportunities are endless. There is a laundry facility for the tenants in a common area as well as in the main building.This transaction also includes 204 E Front St included in this list price. The roof on the efficiency apartments was replaced just over a year ago.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,828
Year Built
- Built in 1938
Lot Details
- 0.35 Acre Lot
- Property is in good condition
Home Design
- Side-by-Side
- Newly Painted Property
- Flat Roof Shape
- Tar and Gravel Roof
- Galvanized Plumbing
- Copper Plumbing
- Stucco
Interior Spaces
- 7,741 Sq Ft Home
- Fireplace
- Unfinished Basement
- Basement Fills Entire Space Under The House
- Electric Range
Flooring
- New Flooring
- Tile Flooring
Bedrooms and Bathrooms
- 20 Bedrooms
- 21 Bathrooms
Parking
- No Garage
- On-Site Parking
Utilities
- Cooling System Mounted In Outer Wall Opening
- Forced Air Heating System
- Heating System Uses Natural Gas
- Separate Meters
- Separate Water Meter
Additional Features
- Shed
- Ground Level
Listing and Financial Details
- Exclusions: Sellers personal property
- The owner pays for grounds care, electricity, gas, water, sewer
Community Details
Overview
- No Home Owners Association
- 3 Buildings
- 20 Units
- West Of Pueblo County Subdivision
Amenities
- Laundry Facilities
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 18, 2022
Closed on
Apr 1, 2022
Sold by
Mary Myers
Bought by
Tigers Blood Investments Llc
Seller's Agent
The Key Group
RE/MAX Associates
Buyer's Agent
The Key Group
RE/MAX Associates
List Price
$1,100,000
Sold Price
$900,000
Premium/Discount to List
-$200,000
-18.18%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$105,601
Avg. Annual Appreciation
-3.26%
Original Mortgage
$631,105
Outstanding Balance
$581,454
Interest Rate
4.67%
Mortgage Type
New Conventional
Estimated Equity
$212,945
Purchase Details
Closed on
Feb 23, 2021
Sold by
Dabrowska Halina
Bought by
Myers Mary
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
2.67%
Mortgage Type
Land Contract Argmt. Of Sale
Purchase Details
Closed on
Jan 28, 2021
Sold by
Dabrowska Halina
Bought by
Myers Mary A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
2.67%
Mortgage Type
Land Contract Argmt. Of Sale
Purchase Details
Closed on
Oct 23, 2020
Sold by
Ring Michele
Bought by
Dabrowska Halina
Purchase Details
Closed on
Jan 31, 2019
Sold by
Dabrowski Halina and Dabrowska Halina
Bought by
Ring Michele
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
4.6%
Mortgage Type
Unknown
Purchase Details
Closed on
Jul 18, 2018
Sold by
Dabrowski Jan J and Dabrowski Halina
Bought by
Dabrowska Halina
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Tigers Blood Investments Llc | $900,000 | Stewart Title Company | |
| Myers Mary | -- | None Available | |
| Myers Mary A | $200,000 | None Available | |
| Dabrowska Halina | -- | None Available | |
| Ring Michele | $245,000 | Stewart Title | |
| Dabrowska Halina | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Tigers Blood Investments Llc | $631,105 | |
| Previous Owner | Myers Mary A | $200,000 | |
| Previous Owner | Ring Michele | $220,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/01/2022 04/01/22 | Sold | $900,000 | -18.2% | $116 / Sq Ft |
| 01/18/2022 01/18/22 | Pending | -- | -- | -- |
| 01/18/2022 01/18/22 | For Sale | $1,100,000 | -- | $142 / Sq Ft |
Source: Pueblo Association of REALTORS®
Tax History Compared to Growth
Tax History
| 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 |
|---|---|---|---|---|
| 2024 | $3,049 | $41,932 | $0 | $0 |
| 2023 | $3,049 | $38,247 | $0 | $0 |
| 2022 | $2,398 | $30,320 | $0 | $0 |
| 2021 | $8,246 | $61,238 | $0 | $0 |
| 2020 | $2,828 | $41,878 | $0 | $0 |
| 2019 | $6,353 | $41,878 | $0 | $0 |
| 2018 | $2,780 | $41,242 | $0 | $0 |
| 2017 | $2,836 | $41,242 | $0 | $0 |
| 2016 | $2,892 | $42,430 | $0 | $0 |
| 2015 | $2,864 | $42,430 | $0 | $0 |
| 2012 | $3,840 | $51,843 | $4,792 | $47,051 |
Source: Public Records
Agents Affiliated with this Home
-
The Key Group
-
D
Buyer Co-Listing Agent in 2022
Dawn Boyce
RE/MAX
Map
Source: Pueblo Association of REALTORS®
MLS Number: 198579
APN: 000061000950
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