NOT LISTED FOR SALE

2911 State Farm Rd Evans, CO 80620

10 Beds
6 Baths
4,844 Sq Ft
12,632 Sq Ft Lot

Last Sold October 02, 2024

Last sale price $660,000 $136 Per Sq Ft

46 Days on Market

Highlights

  • City View
  • No HOA
  • Brick Veneer
  • Tudor Architecture
  • Balcony
  • Air Conditioning

About This Home

As of October 2024

Check out this fantastic investment opportunity in Evans! This four-unit property offers comfortable living for tenants and profits for the owner. Property under leased - time for a more active owner to bring out the financial capabilities of this investment, with a potential Cap rate of 6.98%. Each unit has a window A/C, and a domestic boiler heats the building. This 4-plex in Northern Colorado is a great investment opportunity with 10 bedrooms and 6 bathrooms, making it the best value in Northern Colorado. Constructed with 80% brick and recently upgraded with a new roof featuring Class 4 shingles, new gutters, fresh paint, and modern garage doors with openers, the property is designed for long-term durability and minimal maintenance. The consistent occupancy rate since 2016, with no vacancies and no need for active listings, underscores its rental solid demand. 2 oversized single-car garages attached to the 3/2 units add further value, making it an ideal choice for tenants seeking convenience and space. Additionally, being 1 block from the charter elementary school attracts families looking for educational opportunities, and 2 blocks from the fantastic Monfort Family Clinic and grocery store creates a walkable environment to enhance its rental appeal. This 4-plex is more than just an investment - it's a pathway to building lasting wealth.

Last Agent to Sell the Property

Nikki Dishneau

All Avenue Luxury- eXp License #100076080 Listed on: 08/17/2024

All Avenue Luxury- eXp

Last Buyer's Agent

Yadira Carrillo

Colorado Dream Homes Realty License #100024932

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,308

Year Built

  • Built in 1970

Lot Details

  • 12,630 Sq Ft Lot

Home Design

  • Tudor Architecture
  • Brick Veneer
  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 4,844 Sq Ft Home
  • 2-Story Property
  • Window Treatments
  • City Views
  • Self-Cleaning Oven

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Outdoor Features

  • Balcony
  • Patio

Schools

  • Centennial Elementary School
  • Chappelow Middle School
  • Greeley Central High School

Utilities

  • Air Conditioning
  • Hot Water Heating System

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number R3877286

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Lakeshore Subdivision

Building Details

  • Gross Income $63,600
  • Net Operating Income $45,296

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,308

Year Built

Built in 1970

Lot Details

0.29 Acres

Listing Details

  • Year Built: 1970
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.29
  • Road Surface Type: Paved, Asphalt
  • Subdivision Name: Lakeshore
  • Directions: Use GPS. This four-plex is on the East side of State Farm Road.
  • Architectural Style: Tudor
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 4844
  • Special Features: None
  • Stories: 2

Interior Features

  • Possible Use: Multi-Family
  • Private Spa: No
  • Appliances: Self Cleaning Oven
  • Has Basement: None
  • Total Bedrooms: 10
  • Window Features: Window Coverings
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition
  • View: City
  • Waterfront: No
  • Construction Type: Wood/Frame, Brick/Brick Veneer
  • Exterior Features: Balcony
  • Patio And Porch Features: Patio
  • Property Condition: Not New, Previously Owned

Utilities

  • Cooling: Room Air Conditioner
  • Electric: Electric, Atmos
  • Heating: Hot Water
  • Utilities: Natural Gas Available, Electricity Available
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: City Sewer
  • Water Source: City Water, City of Greeley
  • Gas Company: Natural Gas, Excel

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Association/Amenities

  • IRESDS_HasAssociation2Reserve: No
  • IRESDS_HasAssociation2Fee: No
  • IRESDS_HasAssociationReserve: No
  • IRESDS_HasAssociationFee: No

Schools

  • Elementary School: Centennial,Union Colony
  • HighSchool: Greeley Central
  • Junior High Dist: Greeley 6
  • Middle Or Junior School: Chappelow

Lot Info

  • Zoning: Multifam
  • Lot Size Sq Ft: 12630
  • Parcel #: R3877286
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Electricity

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 3308

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 63600
  • Income Includes: ["Lease/Rents"]
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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 List to Sale Price per Sq Ft Prior Sale
10/02/2024 10/02/24 Sold $660,000 +1.7% $136 / Sq Ft
08/17/2024 08/17/24 For Sale $649,000 +62.3% $134 / Sq Ft
01/28/2019 01/28/19 Off Market $400,000 -- --
03/13/2017 03/13/17 Sold $400,000 -13.0% $83 / Sq Ft View Prior Sale
02/11/2017 02/11/17 Pending -- -- --
06/20/2016 06/20/16 For Sale $460,000 -- $95 / Sq Ft
Source: IRES MLS

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 $3,455 $41,250 $7,100 $34,150
2024 $3,455 $41,250 $7,100 $34,150
2023 $3,308 $41,400 $5,980 $35,420
2022 $2,775 $29,220 $5,800 $23,420
2021 $2,925 $30,720 $6,100 $24,620
2020 $2,896 $30,510 $6,100 $24,410
2019 $2,903 $30,510 $6,100 $24,410
2018 $2,138 $23,600 $5,460 $18,140
2017 $2,148 $23,600 $5,460 $18,140
2016 $1,627 $19,900 $4,670 $15,230
2015 $1,621 $19,900 $4,670 $15,230
2014 $1,181 $14,170 $3,020 $11,150
Source: Public Records

Agents Affiliated with this Home

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Map

Source: IRES MLS

MLS Number: IRE1017674

IRES MLS
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