NOT LISTED FOR SALE
12 Beds
11 Baths
5,205 Sq Ft
0.27 Acres

Last Sold April 01, 2016

Last sale price $307,000 $59 Per Sq Ft

Highlights

  • New Flooring
  • Ranch Style House
  • Fireplace
  • Newly Painted Property
  • No HOA
  • Front Porch

About This Home

As of April 2016

INCOME PRODUCING PROPERTY WITH A 10% CAP RATE. TWO BUILDINGS, ELEVEN UNITS. RENT ROLL AND INCOME AND EXPENSE STATEMENT ARE AVAILABLE. 100% OCCUPIED WITH A GOOD RENTAL HISTORY. MANY RECENT UPGRADES INCLUDING A NEW BOILER IN ONE OF THE BUILDINGS, WATER HEATERS, ROOF AND EXTERIOR STUCCO AND PAINT. SOME OF THE UNITS HAVE BEEN UPDATED. THERE IS AN ON SITE LAUNDRY FACILITY. EACH UNIT HAS IT'S OWN ELECTRIC METER SINCE HEAT IS ELECTRIC. WATER AND GAS ARE PAID FOR BY OWNER. THERE IS PLENTY OF PARKING ON THE STREET AND ALSO IN BACK OFF THE ALLEY. ONE UNIT IS TWO BEDS, ONE IS A STUDIO, AND THE REST ARE ONE BEDROOM. NET CASH FLOW FOR 2015 WAS $24,249.24 AFTER SUBSTANTIAL IMPROVEMENTS WERE MADE AND INCLUDING A MORTGAGE PAYMENT. A must-see Visual Tour is attached to this listing.

Last Agent to Sell the Property

Team Mike Tripp

RE/MAX Associates Listed on: 02/15/2016

Last Buyer's Agent

Team Mike Tripp

RE/MAX Associates Listed on: 02/15/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,409

Year Built

  • Built in 1920

Lot Details

  • 0.27 Acre Lot
  • Irregular Lot

Parking

  • No Garage

Home Design

  • Ranch Style House
  • Side-by-Side
  • Newly Painted Property
  • Frame Construction
  • Composition Roof
  • Copper Plumbing
  • Stucco

Interior Spaces

  • 5,205 Sq Ft Home
  • Ceiling Fan
  • Fireplace
  • Double Pane Windows
  • Vinyl Clad Windows
  • Window Treatments
  • Aluminum Window Frames
  • New Flooring

Kitchen

  • Electric Range
  • Disposal

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 11 Bathrooms

Unfinished Basement

  • Partial Basement
  • Exterior Basement Entry
  • Basement Cellar

Utilities

  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Hot Water Heating System
  • Separate Meters
  • Gas Water Heater

Additional Features

  • Water-Smart Landscaping
  • Front Porch
  • Ground Level

Listing and Financial Details

  • Total Actual Rent $3,735

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 11 Units
  • Minnequa Area Subdivision

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,409

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Directions: Central Ave. off of I-25 and then left onto Evans Ave.
  • Prop. Type: Residential Income
  • Property Sub Type: Multi Family
  • Lot Size Acres: 0.27
  • Road Surface Type: Paved
  • Subdivision Name: Minnequa Area
  • Architectural Style: Ranch
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Side by Side, Two Buildings, Upper & Lower
  • Year Built: 1920
  • NAV29_Unit_1_Level: M
  • NAV29_Unit_2_Level: M
  • NAV29_Unit_3_Level: M
  • NAV29_Unit_4_Level: M
  • NAV29_Unit_5_Level: M
  • NAV29_Unit_6_Level: M
  • NAV29_Unit_7_Level: M
  • NAV29_Unit_8_Level: M
  • NAV29_Water_Heater: Gas
  • NAV29_Sep_Gas_Meters: No
  • NAV29_Sep_Wtr_Meters: No
  • NAV29_Sep_Elec_Meters: Yes
  • NAV29_Unit_1_Appliances: Yes
  • NAV29_Unit_2_Appliances: Yes
  • NAV29_Unit_3_Appliances: Yes
  • NAV29_Unit_4_Appliances: Yes
  • NAV29_Unit_5_Appliances: Yes
  • NAV29_Unit_6_Appliances: Yes
  • NAV29_Unit_7_Appliances: Yes
  • NAV29_Unit_8_Appliances: Yes
  • NAV29_rets_property_type: Residential Income
  • Special Features: None

Interior Features

  • Appliances: Electric Range-All, Dishwasher-Some, Refrigerator-All, Garbage Disposal-All
  • Interior Amenities: Ceiling Fan(s), New Paint
  • Has Basement: Unfinished, Outside Entrance Only, Storage Only/Cellar, Partial
  • Number Of Buildings: 2
  • Private Spa: No
  • Total Bedrooms: 12
  • Fireplace Features: None, Wood Stove-None, Gas Log(s)-None, Pellet-None
  • Fireplace: Yes
  • Flooring: New Floor Coverings
  • Window Features: Single Pane, Metal, Double Pane Windows, Vinyl, Window Coverings

Exterior Features

  • Exterior Features: Other-See Remarks
  • Roof: Composition
  • Lot Features: Irregular Lot
  • Disclosures: 1
  • Construction Type: Frame, Stucco, Copper Plumbing, Plastic Plumbing
  • Patio And Porch Features: Porch-Open-Front

Garage/Parking

  • Attached Garage: No
  • Open Parking: No
  • Parking Features: No Garage, Other-See Remarks

Utilities

  • Heating: Baseboard, Natural Gas, Hot Water
  • Electric: BlackHills
  • Sewer: Public Sewer
  • Laundry Features: Laundry Available On Site
  • Heating Yn: Yes
  • Water Source: Public
  • Gas Company: Xcel

Condo/Co-op/Association

  • Amenities: None
  • Association: No

Fee Information

  • Association Fee Includes: None

Schools

  • Junior High Dist: 60

Lot Info

  • Zoning: B-4
  • Lot Size Sq Ft: 11761.2
  • Additional Parcels: No
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet

Green Features

  • Green Water Conservation: Water-Smart Landscaping

Multi Family

  • Number Of Units Total: 11
  • Total Actual Rent: 3735
  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 1409.4

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/01/2016 04/01/16 Sold $307,000 +2.7% $59 / Sq Ft
02/15/2016 02/15/16 Pending -- -- --
02/15/2016 02/15/16 For Sale $299,000 -- $57 / Sq Ft
Source: Pueblo Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Pueblo Association of REALTORS®

MLS Number: 159860

Pueblo Association of REALTORS®