NOT LISTED FOR SALE
2 Beds
1 Bath
3,464 Sq Ft
12,632 Sq Ft Lot

Last Sold May 20, 2022

Last sale price $840,000 $242 Per Sq Ft

Highlights

  • No HOA
  • Air Conditioning
  • Satellite Dish
  • O'Dea Elementary School Rated A-
  • Hot Water Heating System
  • 1-minute walk to Leisure Park

About This Home

As of May 2022

Back on the market, Buyer failed to deliver EM, no fault of Seller or property. Buyer wrote offer sight unseen, was scheduled to view units this weekend with inspection next week but failed to deliver EM prior. Fantastic 4-plex, great investment opportunity!! 2 bedroom 1 bath each unit. 2 units have private fenced patio area, 2 units have private fenced back yards. Kitchens & bathrooms updated in 2009, new roof in 2009. Both water heaters replaced in 2021. Common laundry room, could add coin operated machines to generate additional income. Seller is disclosing one tenant has frequent late payments. All units on month-to-month lease. Buyer to conduct own research on potential monthly rent amount, current rents are under market value. Listing agent is related to Seller. Seller is not providing a "cap rate" due to current low market rents. Landlord pays water/sewer, trash, gas, and pays electric in common areas, tenants pay electric in individual units.

Last Agent to Sell the Property

Mari Wildt

C3 Real Estate Solutions, LLC Listed on: 03/25/2022

Last Buyer's Agent

Dave Lund

Noble Venture License #100027322

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1970

Lot Details

  • 0.29 Acre Lot
  • Fenced

Home Design

  • Property Attached
  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 3,464 Sq Ft Home
  • 1-Story Property

Kitchen

  • Electric Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Schools

  • Odea Elementary School
  • Boltz Middle School
  • Ft Collins High School

Utilities

  • Air Conditioning
  • Hot Water Heating System
  • Satellite Dish
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for deposit, electricity
  • Assessor Parcel Number R0127647

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Thunderbird Plaza Subdivision

Building Details

  • Gross Income $60,000
  • Net Operating Income $60,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1970

Lot Details

0.29 Acres

Listing Details

  • Year Built: 1970
  • Property Sub Type: Attached Dwelling
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.29
  • Road Surface Type: Paved
  • Subdivision Name: Thunderbird Plaza
  • Architectural Style: Ranch
  • Unit Levels: One
  • New Construction: No
  • Property Attached Yn: Yes
  • Building Stories: 1
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 3464
  • Special Features: None
  • Stories: 1

Interior Features

  • Private Spa: No
  • Appliances: Electric Range/Oven, Dishwasher, Refrigerator
  • Has Basement: None
  • Total Bedrooms: 2
  • Interior Amenities: Satellite Avail
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition
  • Fencing: Fenced
  • Waterfront: No
  • Construction Type: Wood/Frame
  • Property Condition: Not New, Previously Owned

Utilities

  • Cooling: Room Air Conditioner
  • Electric: Electric
  • Heating: Hot Water
  • Utilities: Natural Gas Available, Electricity Available, Cable Available
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water, City of Ft Collins
  • Gas Company: Natural Gas

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: Odea
  • HighSchool: Ft Collins
  • Junior High Dist: Poudre
  • Middle Or Junior School: Boltz

Lot Info

  • Zoning: MMN
  • Lot Size Sq Ft: 12529
  • Parcel #: R0127647
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Deposit, Electricity

Tax Info

  • Tax Year: 2021

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 60000
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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
05/20/2022 05/20/22 Sold $840,000 +7.0% $242 / Sq Ft
04/03/2022 04/03/22 For Sale $785,000 0.0% $227 / Sq Ft
03/26/2022 03/26/22 Pending -- -- --
03/26/2022 03/26/22 Price Changed $785,000 -- $227 / 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 $5,092 $59,138 $12,500 $46,638
2024 $4,844 $56,749 $13,400 $43,349
2022 $4,398 $46,580 $8,160 $38,420
2021 $4,543 $48,978 $8,580 $40,398
2020 $3,880 $41,470 $8,580 $32,890
2019 $3,897 $41,470 $8,580 $32,890
2018 $2,165 $23,760 $5,184 $18,576
2017 $2,158 $23,760 $5,184 $18,576
2016 $2,369 $25,949 $5,731 $20,218
2015 $2,352 $25,950 $5,730 $20,220
2014 $2,105 $23,080 $5,730 $17,350
Source: Public Records

Agents Affiliated with this Home

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Map

Source: IRES MLS

MLS Number: IRE961506

IRES MLS
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