NOT LISTED FOR SALE

2950 State Farm Rd Unit s 1-8 Evans, CO 80620

20 Beds
12 Baths
4,844 Sq Ft
0.26 Acres

Last Sold March 04, 2022

Last sale price $1,225,000 $253 Per Sq Ft

6 Days on Market

Highlights

  • Deck
  • Brick Veneer
  • Baseboard Heating
  • No HOA
  • Air Conditioning
  • Partially Fenced Property

About This Home

As of March 2022

Excellent Opportunity to purchase Two-Adjacent Four-Plex Properties! Long Term Rental History with same owner. Each building has 2 upper level 3 bed 2 bath apartments with an attached one car garage. With another 2 Garden Level apartments each with 2 beds and 1 bath. There are also 4 covered parking spaces behind each unit. All units include kitchen appliances with washer and dryer hook-ups. Both buildings have been well maintained for years by on an on-site manager, currently living in one of the lower units. All leases are Month to Month with room to increase rents to current market rates. Tenants pay their own electric and could be charged a gas and water fee with a 30-day notice.

Last Agent to Sell the Property

Wendy Roberts

Resident Realty Listed on: 01/06/2022

Resident Realty

Last Buyer's Agent

Phil Dankner

Unique Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,792

Year Built

  • Built in 1970

Lot Details

  • 0.26 Acre Lot
  • Partially Fenced Property
  • Sprinkler System

Home Design

  • Brick Veneer
  • Composition Roof

Interior Spaces

  • 4,844 Sq Ft Home
  • 3-Story Property

Kitchen

  • Electric Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 20 Bedrooms
  • 12 Bathrooms

Schools

  • Jackson Elementary School
  • Prairie Heights Middle School
  • Greeley West High School

Utilities

  • Air Conditioning
  • Baseboard Heating

Additional Features

  • Deck
  • Mineral Rights Excluded

Listing and Financial Details

  • Tenant pays for deposit, electricity
  • Assessor Parcel Number R3875786

Community Details

Overview

  • No Home Owners Association
  • 8 Units
  • 2Nd Lakeshore Subdivision

Building Details

  • Gross Income $84,000
  • Net Operating Income $62,508

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,792

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Year Built: 1970
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.26
  • Road Frontage Type: City Street
  • Road Surface Type: Paved, Asphalt
  • Subdivision Name: 2nd Lakeshore
  • Unit Levels: Tri-Level
  • New Construction: No
  • Building Stories: 3
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 4844
  • Special Features: None
  • Stories: 3

Interior Features

  • Possible Use: Multi-Family
  • Private Spa: No
  • Appliances: Electric Range/Oven, Dishwasher, Refrigerator
  • Has Basement: None
  • Total Bedrooms: 20
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Roof: Composition
  • Fencing: Partial
  • Lot Features: Curbs, Gutters, Sidewalks, Lawn Sprinkler System, Mineral Rights Excluded
  • Waterfront: No
  • Construction Type: Brick/Brick Veneer
  • Patio And Porch Features: Deck
  • Property Condition: Not New, Previously Owned

Utilities

  • Cooling: Room Air Conditioner
  • Electric: Electric, Excell Electric
  • Heating: Baseboard
  • Utilities: Natural Gas Available, Electricity Available
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water, City of Evans
  • Gas Company: Natural Gas, Atmos Energy

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: Jackson
  • HighSchool: Greeley West
  • Junior High Dist: Greeley 6
  • Middle Or Junior School: Prairie Heights

Lot Info

  • Zoning: RES
  • Lot Size Sq Ft: 11305
  • Parcel #: R3875786
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Deposit, Electricity

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 5792

Multi Family

  • Number Of Units Total: 8
  • Annual Gross Income: 84000
  • Income Includes: ["Lease/Rents"]
  • Annual Operating Expense: 21492

Range of Values:

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List Price
Sold Price
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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
06/02/2022 06/02/22 Off Market $1,225,000 -- --
03/04/2022 03/04/22 Sold $1,225,000 -16.9% $253 / Sq Ft
01/08/2022 01/08/22 For Sale $1,475,000 -- $305 / Sq Ft
Source: IRES MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • W

    Seller's Agent in 2022

    Wendy Roberts

    Resident Realty

    (970) 576-4685

    2 in this area

    16 Total Sales

    Wendy Roberts
    Section Image
  • Phil Dankner

    Buyer's Agent in 2022

    Phil Dankner

    Unique Properties

    (303) 645-4796

    5 in this area

    37 Total Sales

    Phil Dankner
    Section Image
See All Agents

Map

Source: IRES MLS

MLS Number: 957094

IRES MLS
Colorado Weld County Evans 80620

2950 State Farm Rd Unit s 1-8, Evans, CO

This home is located at 2950 State Farm Rd Unit s 1-8, Evans, CO 80620 since 06 January 2022. This property was built in 1970. 2950 State Farm Rd Unit s 1-8 is a home located in Weld County with nearby schools including Jackson Elementary School, Prairie Heights Middle School, and Greeley West High 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.

IRES MLS Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.

Listing information is provided exclusively for consumers' 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 deemed reliable but not guaranteed by the MLS.

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