$749,000
$17K PRICE DROP

201 Rich St Unit 1) 201 Rich/858 Garn Delta, CO 81416

Estimated payment $4,231/month

4 Beds
4 Baths
3,936 Sq Ft
$190 Price per Sq Ft

About This Home

This home is located at 201 Rich St Unit 1) 201 Rich/858 Garn, Delta, CO 81416 and is currently priced at $749,000, approximately $190 per square foot. This property was built in 1977. 201 Rich St Unit 1) 201 Rich/858 Garn is a home located in Delta County with nearby schools including Garnet Mesa Elementary School, Lincoln Elementary School, and Delta Middle School.

Listing Agent

Scott Elkins

Telluride Realty, LLC Listed on: 07/29/2025

Co-Listing Agent

Mark Simpson

Telluride Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,200

Year Built

  • Built in 1977 | Remodeled in 2024

HOA Fees

  • $50 Monthly HOA Fees

Home Design

  • Quadruplex

Interior Spaces

  • Multi-Level Property

Parking

  • 6 Parking Spaces
  • 2 Carport Spaces

Schools

  • Garnet Mesa K-5 Elementary School
  • Delta 9-12 High School

Additional Features

  • 0.4 Acre Lot
  • Irrigation Water Rights

Listing and Financial Details

  • Assessor Parcel Number 345518332003

Community Details

Overview

  • 4 Units
  • Small Park Only HOA
  • Garnet Mesa Subdivision

Building Details

  • 2 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Operating Expense $2,115
  • Gross Income $33,600
  • Net Operating Income $31,485

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,200

Year Built

Built in 1977 | Remodeled in 2024

Lot Details

0

HOA Fees

$50 per month

Listing Details

  • Estimated Irrigation Acres: 0.19
  • Estimated Total Acres: 0.4
  • Class: Multifamily
  • Em Deposit: 7000
  • Em Holder: Land
  • Legal Lot Block: 201 RICH ST + 858 GARNET AVE DELTA 81416 and 852 GARNET 850 GARNET AVE
  • Lot Dimension: triangle
  • Parcel Id Number: 345518332003
  • Price Per Sq Ft: 190.29
  • Sale/Rent: For Sale
  • Cap Rate Percent: 8.35
  • HOA Fee Frequency: Annually
  • Multi Story: Yes
  • Property Mngr: NGNF
  • Total Number Electric Meters: 2
  • Total Number Gas Meters: 1
  • Total Number Water Meters: 1
  • Type: Fourplex
  • HOA Fees: Yes
  • Other Transfer Fees: Yes
  • Total Taxes Dollar: 1200
  • Year Built: 1977
  • Year Renovated: 2024
  • Prop Description Remarks: 2 FULLY OCCUPIED DUPLEXS 4 rentals, 2 buildings 2 rented buildings for 4 total renta. Elevated duplexes w/ a private park + lawn and elevated private deck. High Ceilings and views with mature trees and a park like setting. Always in demand and rented, rare to be vacant. Each side of duplex is a 2 bed /1.5bath + carport. (House hack one side or Mother-in-law rental or straight Investment??) Alll tenants would like to stay (perfect for investor), but one side could be freed up for purchase by an owner occupant, if desired once contracted with 45+ days perhaps. Many of the Tenants have been there for years . Each side has a private small deck and access to the park for residents only of the 5 buildings. (The duplex owner would own 1/5 of the quiet park also) Irrigation water for the park is included for crops or lush lawns. Remodeled in 2023 with 100% new paint, some new windows, new flooring on both sides . Quiet area, great for kids. Plenty of parking and Privacy. Room to expand on the lot for storage units or more garages or more carports. A buyer could easily enclose the Carport or build a rooftop deck above the carport. The living room is up half stairs(elevated) and the bedrooms are garden level. 2025 Scheduled income / Gross income is $67,100. A nice 7.5%+ CAP rate before mngt fees. The tenants have their own electric meter and pay it, The owner pays the sewer/water/trash/irrigation and gas Each carport has a lockable storage unit. Additional storage is or can be built in under dining room outside, on each side . Tenant is responsible for each of their rear yards, but not the park. Park **** PLEASE DO NOT DISTURB TENANTS, fully rented with great tenants. we need 24 hrs + for showings **** if a buyer would want to live in one side, they would have to wait 30-65+ days+ for tenant to move out.( notice 31 days for tenant minimum) ***note some of the pics are older, when it was vacant and before tenant moved in, some pics are also of complex, there are 5 duplexes in this community. The park is co-owned 1/5 per duplex. so this owner of the 2 buildings would own 40% of the Park.
  • Subdv Name: Garnet Mesa
  • Unit Suite Number: 1) 201 Rich/858 Garnet + 852 /850 Garnet
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Estimated Total Sq Ft: 3936
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Bathrooms Quarter: 0
  • Bathrooms Three Quarters: 0
  • Total Bathrooms: 4
  • Lower Level Sq Ft: 984
  • Main Level Sq Ft: 984
  • Total Office Den: 0

Garage/Parking

  • Parking Spaces: 6
  • Carport: Yes
  • Carport Spaces: 2

Utilities

  • Electric Supplier: City of Delta
  • Gas Supplier: SourceGas
  • Sewer Supplier: City of Delta
  • Water Rights Irrigation: Yes
  • Water Supplier: City of Delta

Condo/Co-op/Association

  • HOA: Yes
  • Hoametro Fees: 600
  • Hoa Name: Small Park only

Schools

  • Elementary School: Garnet Mesa K-5
  • Middle School: Open Enrollment
  • High School: Delta 9-12
  • High School: Delta 9-12

Lot Info

  • Geo Subdivision: CO

Rental Info

  • Furnished: Unfurnished

Multi Family

  • No. of Units: 4
  • Gross Annual Expenses: 2115
  • Gross Scheduled Income: 33600
  • Net Operating Income: 31485

Tax Info

  • Tax Year: 2024

MLS Schools

  • Elementary School: Garnet Mesa K-5
  • Middle School: Open Enrollment

Map

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
08/04/2025 08/04/25 Price Changed $749,000 -2.2% $190 / Sq Ft
07/29/2025 07/29/25 For Sale $766,000 -- $195 / Sq Ft
Source: Colorado Real Estate Network (CREN)

Source: Colorado Real Estate Network (CREN)

MLS Number: 827041

Colorado Real Estate Network (CREN)
Colorado Delta County Delta 81416

201 Rich St Unit 1) 201 Rich/858 Garn, Delta, CO

This home is located at 201 Rich St Unit 1) 201 Rich/858 Garn, Delta, CO 81416 and is currently priced at $749,000, approximately $190 per square foot. This property was built in 1977. 201 Rich St Unit 1) 201 Rich/858 Garn is a home located in Delta County with nearby schools including Garnet Mesa Elementary School, Lincoln Elementary School, and Delta Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Colorado Real Estate Network (CREN) IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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Scott Elkins
Listing Agent
Scott Elkins
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Telluride Realty, LLC
(970) 650-5478