NOT LISTED FOR SALE
8 Beds
4 Baths
3,584 Sq Ft
6,373 Sq Ft Lot

Last Sold August 28, 2023

Last sale price $529,000 $148 Per Sq Ft

96 Days on Market

About This Home

As of August 2023

Nicely maintained and upgraded 4 plex in a great location- just 5 minutes to CSU Pueblo and 5 minutes to the Pueblo Mall (Target, Grocery Stores, Shops and Restaurants), plus quick access to Highway 25. This is a Turn Key property that has the potential to increase rents to market rate to improve cash flow. Plus, at $160 per square foot, these are priced well below their replacement cost. Property has professional Property Management in place, which can be transitioned to the new owner, for a worry free investment. Tenants pay Gas and Electric, Owners pay Water, Sewer and Trash. See documents for list of recent improvements and pro forma financial projection. Seller is also selling an identical 4 plex next door (20 Montebello Road).

Last Agent to Sell the Property

Carl Borrmann

Your Castle Real Estate Inc License #100005444 Listed on: 04/20/2023

Your Castle Real Estate Inc

Last Buyer's Agent

PPAR Agent Non-REcolorado

NON MLS PARTICIPANT

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,527

Year Built

  • Built in 1979 | Remodeled

Lot Details

  • 6,373 Sq Ft Lot

Home Design

  • Quadruplex
  • Slab Foundation
  • Frame Construction
  • Architectural Shingle Roof

Interior Spaces

  • 3,584 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven
  • Dishwasher

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Parking

  • 12 Parking Spaces
  • Driveway

Schools

  • Belmont Elementary School
  • Heaton Middle School
  • East High School

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Connected
  • Gas Water Heater

Listing and Financial Details

  • Exclusions: Tenants personal property, including any washers and dryers
  • Property held in a trust
  • Tenant pays for electricity, gas
  • The owner pays for exterior maintenance, grounds care, insurance, trash collection, water
  • Assessor Parcel Number 418312002

Community Details

Overview

  • No Home Owners Association
  • Belmont Subdivision

Additional Features

  • No Laundry Facilities
  • Operating Expense $14,826

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,527

Year Built

Built in 1979 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadplex
  • Structure Type: Quadruplex
  • Levels: Two
  • Year Built: 1979
  • Above Grade Finished Sq Ft: 3584
  • Exclusions: Tenants personal property, including any washers and dryers
  • Living Area: 3584
  • Property Condition: Updated/Remodeled
  • Directions: From HWY 25, go East on HWY 47, South on Jerry Murphy Rd, West on Montebello Road, property is on the South side of the street.
  • SubdivisionName: Belmont
  • Ownership: Corporation/Trust
  • ResoBuildingAreaSource: PublicRecords
  • REC_RVSpaces: 0
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Gas Water Heater, Oven, Refrigerator
  • Basement: No
  • Total Bedrooms: 8

Exterior Features

  • Foundation Details: Slab
  • Roof: Architecural Shingle
  • Construction Materials: Frame

Garage/Parking

  • Parking Features: Asphalt
  • Attached Garage: No
  • Total Parking Spaces: 12
  • REC_ParkingCount: 1
  • Unit Numberof Parking Per Unit: 3

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected
  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Forced Air
  • Water Source: Public
  • Laundry Features: None

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Association/Amenities

  • REC_AssociationFee2Annual: 0.00
  • REC_AssociationFee3Annual: 0.00
  • REC_AssociationFeeAnnual: 0.00
  • REC_AssociationFeeTotalAnnual: 0.00
  • REC_MultipleAssociationsYN: 0

Fee Information

  • Operating Expense: 14826

Schools

  • Middle Or Junior School: Heaton

Lot Info

  • Parcel Number: 418312002
  • Lot Size Acres: 0.15
  • Building Area Total: 3584
  • Lot Size Sq Ft: 6373
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Owner Pays: Exterior Maintenance, Grounds Care, Insurance, Trash Collection, Water
  • Tenant Pays: Electricity, Gas

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 1527

MLS Schools

  • Elementary School: Belmont
  • High School: East

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
08/28/2023 08/28/23 Sold $529,000 -2.9% $148 / Sq Ft
07/25/2023 07/25/23 Pending -- -- --
06/21/2023 06/21/23 Price Changed $545,000 -1.8% $152 / Sq Ft
06/01/2023 06/01/23 Price Changed $555,000 -3.5% $155 / Sq Ft
04/20/2023 04/20/23 For Sale $575,000 -- $160 / Sq Ft
Source: REcolorado®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: REcolorado®

MLS Number: 3411863

REcolorado®

APN: 418312002