NOT LISTED FOR SALE
3 Beds
2 Baths
27,404 Sq Ft
1.49 Acres

Last Sold September 11, 2017

Last sale price $4,100,000 $150 Per Sq Ft

74 Days on Market

Highlights

  • 1.49 Acre Lot
  • No HOA
  • Brick Veneer
  • Deck
  • Double Pane Windows
  • Air Conditioning

About This Home

As of September 2017

Excellent opportunity for investor to own stable asset. 2 well-maintained brick apartment buildings containing 36 units! Below market rent offers excellent growth possibilities. Mgr's unit income is currently only $100. All leases are month to month. Ample parking...21 carports & 66 spaces. New high efficiency boilers installed. On site laundry facilities & peaceful park like area between buildings. Waiting list for these units keeps growing.

Last Agent to Sell the Property

Diane Clark

CSI Properties Listed on: 05/30/2017

Last Buyer's Agent

Phil Dankner

Unique Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,926

Year Built

  • Built in 1968

Lot Details

  • 1.49 Acre Lot

Home Design

  • Brick Veneer
  • Tar and Gravel Roof

Interior Spaces

  • 27,404 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Electric Oven or Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Deck
  • Patio

Schools

  • Timberline Elementary And Middle School
  • Skyline High School

Utilities

  • Air Conditioning
  • Hot Water Heating System

Listing and Financial Details

  • Tenant pays for deposit, electricity, trash collection
  • Assessor Parcel Number R0069075

Community Details

Overview

  • No Home Owners Association
  • 36 Units
  • Replat Of A Portion Of Collyer Addition Subdivision

Amenities

  • Laundry Facilities
  • Community Storage Space

Recreation

  • Park

Building Details

  • Gross Income $317,400
  • Net Operating Income $273,474

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,926

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Year Built: 1968
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 1.49
  • Subdivision Name: Replat of a Portion of Collyer Addition
  • Directions: From Main St (Hwy 287) & Hwy 66... S on Main, E on 15th, S on Collyer, W on 14th Pl to property
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 27404
  • Special Features: None
  • Stories: 2

Interior Features

  • Possible Use: Multi-Family
  • Private Spa: No
  • Appliances: Electric Range/Oven, Refrigerator
  • Has Basement: None
  • Total Bedrooms: 3
  • Window Features: Double Pane Windows

Exterior Features

  • Roof: Tar/Gravel
  • Waterfront: No
  • Construction Type: Brick/Brick Veneer
  • Patio And Porch Features: Patio, Deck
  • Property Condition: Not New, Previously Owned

Utilities

  • Cooling: Room Air Conditioner
  • Electric: Electric, Separate Meter Electricity, City of Lgmt
  • Heating: Hot Water
  • Utilities: Natural Gas Available, Electricity Available
  • Laundry Features: Common Area
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water, City of Lgmt
  • Gas Company: Natural Gas, Xcel Energy

Condo/Co-op/Association

  • Community Features: Park, Extra Storage
  • Senior Community: No
  • Association: No

Schools

  • Elementary School: Timberline
  • HighSchool: Skyline
  • Junior High Dist: ST Vrain Dist RE 1J
  • Middle Or Junior School: Timberline

Lot Info

  • Zoning: Multi Res
  • Lot Size Sq Ft: 64800
  • Parcel #: R0069075
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Deposit, Electricity, Trash Collection

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 8926

Multi Family

  • Number Of Units Total: 36
  • Annual Gross Income: 317400
  • Income Includes: ["Lease/Rents","Laundry"]
  • Annual Operating Expense: 43926

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 List to Sale Price per Sq Ft
01/28/2019 01/28/19 Off Market $4,100,000 -- --
09/11/2017 09/11/17 Sold $4,100,000 -7.9% $150 / Sq Ft
08/12/2017 08/12/17 Pending -- -- --
05/30/2017 05/30/17 For Sale $4,450,000 -- $162 / Sq Ft
Source: IRES MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: IRES MLS

MLS Number: 821544

IRES MLS

APN: 1205-34-1-26-013