$260,000
UNDER CONTRACT $40K PRICE DROP

406 W 4th Ave Iliff, CO 80736

Estimated payment $1,536/month

Total Views 5,322
6 Beds
5 Baths
4,567 Sq Ft
$57 Price per Sq Ft

Highlights

  • City View
  • No HOA
  • Wood Fence
  • Deck
  • Forced Air Heating System
  • Level Lot

About This Home

Discover this exceptional 4-plex, perfect for investors or owner-occupiers seeking rental income. This well-maintained property features four thoughtfully designed units: three charming one-bedroom, one-bathroom units, and a spacious three-bedroom, two-bathroom unit-ideal for those needing extra space. A standout feature is the attached two-car garage, providing convenient year-round parking. Recent upgrades, including a brand-new roof and furnace, enhance energy efficiency and reduce maintenance concerns. Unit C has been thoughtfully updated with a modern bathroom, adding extra appeal. Each unit also boasts a private fenced outdoor space, perfect for relaxation. Whether you're expanding your portfolio or looking for a home with income potential, this 4-plex offers incredible value. Don't miss out-schedule a viewing today!

Listing Agent

Erin Debus

Town Square Realty Listed on: 10/05/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,195

Year Built

  • Built in 1933

Lot Details

  • 9,940 Sq Ft Lot
  • Property fronts a highway
  • Wood Fence
  • Level Lot

Parking

  • 2 Parking Spaces

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Metal Roof

Interior Spaces

  • 4,567 Sq Ft Home
  • 2-Story Property
  • City Views
  • Gas Oven or Range

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Laundry

  • Dryer
  • Washer

Schools

  • Caliche Elementary And Middle School
  • Caliche High School

Additional Features

  • Deck
  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for deposit, gas, electricity
  • Assessor Parcel Number 38048516213005

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Original Iliff Subdivision

Building Details

  • Gross Income $42,300
  • Net Operating Income $41,105

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,195

Year Built

Built in 1933

Lot Details

0

Listing Details

  • Inclusions: Electric Range/Oven,Gas Range/Oven,Refrigerator,Clothes Washer,Clothes Dryer
  • Year Built: 1933
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.23
  • Road Frontage Type: Highway
  • Road Surface Type: Asphalt
  • Subdivision Name: ORIGINAL ILIFF
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 4567
  • Special Features: UnderContract
  • Stories: 2

Interior Features

  • Possible Use: Multi-Family
  • Private Spa: No
  • Appliances: Electric Range/Oven, Gas Range/Oven, Refrigerator, Washer, Dryer
  • Accessibility Features: Level Lot
  • Has Basement: None
  • Total Bedrooms: 6

Exterior Features

  • Roof: Composition, Metal
  • Fencing: Fenced, Wood
  • View: City
  • View: Yes
  • Waterfront: No
  • Disclosures: Seller's Property Disclosure, Lead Paint Disclosure
  • Home Warranty: No
  • Construction Type: Wood/Frame
  • Patio And Porch Features: Deck
  • Property Condition: Not New, Previously Owned

Garage/Parking

  • Total Parking Spaces: 2

Utilities

  • Electric: Electric, Highline
  • Heating: Forced Air
  • Utilities: Natural Gas Available, Electricity Available
  • Heating Yn: Yes
  • Electricity On Property: No
  • Sewer: City Sewer
  • Water Source: City Water, Town of Iliff
  • Gas Company: Natural Gas, Black Hills

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: Caliche
  • HighSchool: Caliche
  • Junior High Dist: Valley RE 1
  • Middle Or Junior School: Caliche

Lot Info

  • Zoning: RES
  • Land Lease Amount Frequency: Annually
  • Lot Size Sq Ft: 9940
  • Parcel #: 38048516213005
  • Irrigation Water Rights: No

Rental Info

  • Tenant Pays: Deposit, Gas, Electricity

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 1194.74

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 42300
  • Annual Operating Expense: 1194.74
  • Total Actual Rent: 3525

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
2024 $1,360 $21,230 $0 $0
2023 $1,360 $21,230 $0 $0
2022 $1,421 $16,540 $790 $15,750
2021 $1,164 $14,370 $820 $13,550
2020 $1,917 $29,720 $720 $29,000
2019 $1,269 $29,500 $710 $28,790
2018 $1,036 $11,850 $150 $11,700
2017 $1,021 $57,600 $750 $56,850
2015 $898 $47,850 $830 $47,020
2014 $898 $45,780 $1,160 $44,620
2013 $898 $45,780 $1,160 $44,620
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/17/2025 07/17/25 Price Changed $260,000 -1.9% $57 / Sq Ft
07/09/2025 07/09/25 Price Changed $265,000 -1.9% $58 / Sq Ft
06/12/2025 06/12/25 Price Changed $270,000 -3.6% $59 / Sq Ft
05/01/2025 05/01/25 Price Changed $280,000 -3.4% $61 / Sq Ft
04/01/2025 04/01/25 Price Changed $290,000 0.0% $63 / Sq Ft
10/08/2024 10/08/24 Off Market $1,100 -- --
10/05/2024 10/05/24 For Sale $299,900 0.0% $66 / Sq Ft
09/18/2024 09/18/24 Price Changed $1,100 -8.3% $1 / Sq Ft
09/04/2024 09/04/24 For Rent $1,200 0.0% --
09/27/2021 09/27/21 Off Market $250,000 -- --
06/29/2021 06/29/21 Sold $250,000 -10.7% $55 / Sq Ft
06/05/2021 06/05/21 Pending -- -- --
05/12/2021 05/12/21 Price Changed $280,000 -2.8% $61 / Sq Ft
04/05/2021 04/05/21 Price Changed $288,000 -3.7% $63 / Sq Ft
03/01/2021 03/01/21 Price Changed $299,000 -3.5% $65 / Sq Ft
02/03/2021 02/03/21 For Sale $310,000 -- $68 / Sq Ft
Source: IRES MLS

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Listed On Document
Quit Claim Deed -- None Listed On Document
Special Warranty Deed $250,000 None Available
Source: Public Records

Source: IRES MLS

MLS Number: 1020113

IRES MLS

APN: 38048516213005