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

Sale Details

Date 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

6,373 Sq Ft Lot

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
  • 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

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 20, 2023
Closed on
Aug 28, 2023
Sold by
Bought by
Seller's Agent
Carl Borrmann
Your Castle Real Estate Inc
Buyer's Agent
PPAR Agent Non-REcolorado
NON MLS PARTICIPANT
List Price
$575,000
Sold Price
$529,000
Premium/Discount to List
-$46,000
-8%
Views
185

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$396,750
Interest Rate
0.0678%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 13, 2018
Sold by
Bought by

Purchase Details

Closed on
Oct 30, 2015
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,250
Interest Rate
0.0394%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 20, 2007
Sold by
Bought by

Purchase Details

Closed on
Oct 24, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,800
Interest Rate
0.0641%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 2, 2006
Sold by
Bought by

Purchase Details

Closed on
Jan 5, 1983
Sold by
Bought by

Purchase Details

Closed on
Jan 13, 1981
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$529,000 First American Title
-- None Available
$215,000 Stewart Title
$210,300 Fahtco
$206,000 Fahtco
-- Accommodation
-- --
$23,600 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $396,750
Previous Owner $161,250
Previous Owner $164,800
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $3,191 $32,040
2024 $2,705 $27,650
2023 $2,734 $31,340 $2,010 $29,330
2022 $1,527 $15,380 $870 $14,510
2021 $1,606 $16,170 $910 $15,260
2020 $1,726 $16,170 $910 $15,260
2019 $1,729 $17,121 $1,022 $16,099
2018 $1,223 $13,502 $1,030 $12,472
2017 $1,236 $13,502 $1,030 $12,472
2016 $1,242 $13,675 $1,138 $12,537
2015 $1,238 $13,675 $1,138 $12,537
2014 $1,186 $13,079 $1,138 $11,941
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REcolorado®

MLS Number: 3411863

REcolorado®

APN: 418312002

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