NOT LISTED FOR SALE

2911 State Farm Rd Evans, CO 80620

10 Beds
6 Baths
4,844 Sq Ft
0.29 Acre Lot

Sale Details

Date Sold: October 2, 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

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 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

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
2026 $4,251 $40,400 $6,960 $33,440
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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