NOT LISTED FOR SALE

Estimated Value: $375,000 - $462,000

6 Beds
2 Baths
1,984 Sq Ft
$213/Sq Ft Est. Value

Last Sold October 11, 2016

Last sale price $272,500 $137 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $2,333/month

30 Days on Market

Highlights

  • City View
  • Forced Air Heating System
  • Partially Fenced Property
  • No HOA

About This Home

As of October 2016

What a great rental property at almost an 10.5% cap rate with yearly leases in place and a current yearly rent income of $35,400. This rare find has two above ground 3 bedroom units, both have laundry hook-ups and only minutes from UNC or downtown. This property is of modern construction built in 1980 and is close to schools, parks and is surrounded by single family homes. Plenty of parking with a parking lot on the property and ample street parking. You don't want to miss out on this one.

Last Agent to Sell the Property

Michael K. Rudolph

Qsella Listed on: 08/12/2016

Last Buyer's Agent

Non-IRES Agent

Non-IRES

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $621

Year Built

  • Built in 1980

Lot Details

  • 6,534 Sq Ft Lot
  • Partially Fenced Property
  • Wood Fence
  • Chain Link Fence

Home Design

  • Duplex
  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 1,984 Sq Ft Home
  • 2-Story Property
  • City Views
  • Electric Oven or Range
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Bathrooms

Schools

  • Brentwood Middle School
  • Greeley West High School

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for deposit
  • Assessor Parcel Number R3262886

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Beer & Thomas Subdivision

Building Details

  • Gross Income $35,400
  • Net Operating Income $29,007

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$621

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Year Built: 1980
  • Property Sub Type: Attached Dwelling
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.15
  • Road Frontage Type: City Street
  • Road Surface Type: Paved, Asphalt
  • Subdivision Name: Beer & Thomas
  • Directions: From 2nd Ave/Hwy 85 turn west onto 16th St, turn North onto 6th Ave, property is on the west side of the street.
  • Unit Levels: Two
  • New Construction: No
  • Property Attached Yn: Yes
  • Building Stories: 2
  • Structure Type: Duplex
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 1984
  • Special Features: None
  • Stories: 2

Interior Features

  • Possible Use: Multi-Family
  • Private Spa: No
  • Appliances: Electric Range/Oven, Refrigerator
  • Has Basement: None
  • Total Bedrooms: 6
  • ResoLivingAreaSource: Other

Exterior Features

  • Roof: Composition
  • Fencing: Partial, Wood, Chain Link
  • Lot Features: Within City Limits
  • View: City
  • Waterfront: No
  • Construction Type: Wood/Frame
  • Property Condition: Not New, Previously Owned

Utilities

  • Electric: Electric, Excel
  • Heating: Forced Air
  • Utilities: Natural Gas Available, Electricity Available
  • Laundry Features: Washer/Dryer Hookups
  • Heating Yn: Yes
  • Water Source: City Water, City of Greeley
  • Gas Company: Natural Gas, Atmos Energy

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: Other
  • HighSchool: Greeley West
  • Junior High Dist: Greeley 6
  • Middle Or Junior School: Brentwood

Lot Info

  • Zoning: R3
  • Lot Size Sq Ft: 6534
  • Parcel #: R3262886
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Deposit

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 621

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 35400
  • Income Includes: ["Lease/Rents"]
  • Annual Operating Expense: 6393.27

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 10, 2023
Sold by
Swanson Shirley K
Bought by
Swanson Shirley K and Blaske Carrie K
Current Estimated Value
$394,148

Purchase Details

Listed on
Aug 12, 2016
Closed on
Oct 11, 2016
Sold by
Barnes Emily S
Bought by
Gordon Zane
Seller's Agent
Michael K. Rudolph
Qsella
Buyer's Agent
Non-IRES Agent
Non-IRES
List Price
$278,900
Sold Price
$272,500
Premium/Discount to List
-$6,400
-2.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.07%
Original Mortgage
$203,750
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 20, 2014
Sold by
Enhakkore Reliance Llc
Bought by
Barnes Emily S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,992
Interest Rate
4.19%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 22, 2007
Sold by
Peterson Kevin Michael and Peterson Bonnie Lea
Bought by
Enhakkore Reliance Llc

Purchase Details

Closed on
May 3, 2006
Sold by
Knodel Timothy
Bought by
Jp Morgan Chase Bank

Purchase Details

Closed on
Feb 5, 2004
Sold by
Rockland Jeffrey Marc
Bought by
Knodel Timothy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$194,750
Interest Rate
5.78%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 4, 2004
Sold by
Rockland Jeffrey Marc
Bought by
J M Rockland Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$194,750
Interest Rate
5.78%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 1, 2003
Sold by
Rockland Jeffrey Marc and Rockland Liara C
Bought by
Rockland Jeffrey Marc

Purchase Details

Closed on
Apr 22, 2002
Sold by
Rockland Jeffrey M
Bought by
J M Rockland Properties Llc

Purchase Details

Closed on
Aug 19, 1999
Sold by
Rockland Jeffrey Marc and Rockland Liana C
Bought by
Rockland Jeffrey Marc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
8%

Purchase Details

Closed on
Aug 9, 1999
Sold by
Karl Harms Donald and Karl Diane Daveda
Bought by
Rockland Jeffrey M and Rockland Liana C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
8%

Purchase Details

Closed on
Jun 16, 1998
Sold by
Biggs & Riggs Iii Llc
Bought by
Harms Donald Karl and Harms Daveda Diane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
8%

Purchase Details

Closed on
Jan 6, 1995

Purchase Details

Closed on
Nov 19, 1979
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Swanson Shirley K -- None Listed On Document
Gordon Zane $272,500 Land Title Guarantee
Barnes Emily S $147,990 Land Title Guarantee Company
Enhakkore Reliance Llc -- Land Title Guarantee Company
Enhakkore Reliance Llc -- None Available
Jp Morgan Chase Bank -- None Available
Knodel Timothy $205,000 --
Rockland Jeffrey Marc -- --
J M Rockland Properties Llc -- --
Rockland Jeffrey Marc -- --
J M Rockland Properties Llc -- --
Rockland Jeffrey Marc -- --
Rockland Jeffrey M $125,000 --
Harms Donald Karl $115,000 --
Biggs & Riggs Iii Llc -- --
-- -- --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gordon Zane $203,750
Previous Owner Barnes Emily S $110,992
Previous Owner Peterson Kevin $144,000
Previous Owner Knodel Timothy $194,750
Previous Owner J M Rockland Properties Llc $92,000
Previous Owner Rockland Jeffrey Marc $13,000
Previous Owner Rockland Jeffrey M $100,000
Previous Owner Harms Donald Karl $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/28/2019 01/28/19 Off Market $272,500 -- --
10/11/2016 10/11/16 Sold $272,500 -2.3% $137 / Sq Ft
09/11/2016 09/11/16 Pending -- -- --
08/12/2016 08/12/16 For Sale $278,900 -- $141 / Sq Ft
Source: IRES MLS

Tax History Compared to Growth

Source: Public Records

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
2025 $1,875 $23,700 $2,850 $20,850
2024 $1,875 $23,700 $2,850 $20,850
2023 $1,788 $26,050 $3,090 $22,960
2022 $1,619 $18,570 $2,220 $16,350
2021 $1,707 $19,520 $2,330 $17,190
2020 $1,455 $16,690 $1,770 $14,920
2019 $1,459 $16,690 $1,770 $14,920
2018 $1,062 $12,820 $1,360 $11,460
2017 $1,068 $12,820 $1,360 $11,460
2016 $623 $8,420 $780 $7,640
2015 $621 $8,420 $780 $7,640
2014 $434 $5,740 $660 $5,080
Source: Public Records

Agents Affiliated with this Home

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Map

Source: IRES MLS

MLS Number: 800076

IRES MLS

APN: R3262886