$250,000
SOLD JUN 29, 2021

406 W 4th Ave Iliff, CO 80736

6 Beds
5 Baths
4,567 Sq Ft
9,940 Sq Ft Lot

Recently Sold

$55 Per Sq Ft

19% Below List Price

122 Days on Market

Highlights

  • Sauna
  • Main Floor Bedroom
  • Balcony
  • City View
  • No HOA
  • Walk-In Closet

About This Home

As of June 2021

Great investment opportunity! Over 4000 square feet. Four units with great rental history. All units currently rented. 2 bedroom 1 bathroom flex space can be added to the upstairs or downstairs units based on need. Upstairs unit features large bedroom and walk in closet along with a sauna and sunroom. Downstairs unit has an open concept and a large kitchen pantry. 2 car attached garage with large storage space.

Last Agent to Sell the Property

Erin Debus

Town Square Realty Listed on: 02/03/2021

Last Buyer's Agent

Erin Debus

Town Square Realty Listed on: 02/03/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,278

Year Built

  • Built in 1933

Lot Details

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

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Metal Roof
  • Vinyl Siding

Interior Spaces

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

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Main Floor Bedroom
  • Walk-In Closet
  • 5 Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Balcony

Schools

  • Caliche Elementary And Middle School
  • Caliche High School

Utilities

  • Air Conditioning
  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for deposit
  • Assessor Parcel Number 38048516213005

Community Details

Overview

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

Building Details

  • Gross Income $37,680
  • Net Operating Income $36,402

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,278

Year Built

Built in 1933

Lot Details

0

Listing Details

  • 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: Paved, Asphalt
  • Subdivision Name: ILIFF ORIGINAL
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 4567
  • Special Features: None
  • 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, Main Level Bedroom
  • Has Basement: None
  • Total Bedrooms: 6
  • Entry Location: Outside Entry
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Interior Amenities: Walk-In Closet(s), Sauna, Outside Entry
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition, Metal
  • Fencing: Fenced, Wood
  • Lot Features: Level, Within City Limits
  • View: City
  • Waterfront: No
  • Construction Type: Wood/Frame, Vinyl Siding
  • Direction Faces: South
  • Exterior Features: Balcony
  • Property Condition: Not New, Previously Owned

Utilities

  • Cooling: Room Air Conditioner
  • Electric: Electric, Highline
  • Heating: Forced Air
  • Utilities: Natural Gas Available, Electricity Available
  • Laundry Features: Washer/Dryer Hookups
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • 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
  • Lot Size Sq Ft: 9940
  • Parcel #: 38048516213005
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Deposit

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 1278.16

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 37680
  • Income Includes: ["Lease/Rents"]
  • Annual Operating Expense: 1278.16

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 14, 2025
Sold by
Annlee Properties 1 Llc
Bought by
Annlee Properties 2 Llc

Purchase Details

Listed on
Feb 3, 2021
Closed on
Jun 29, 2021
Sold by
Ursich Stella A and Ursich Michael
Bought by
Annlee Properties 4 Llc
Seller's Agent
Erin Debus
Town Square Realty
Buyer's Agent
Erin Debus
Town Square Realty
List Price
$310,000
Sold Price
$250,000
Premium/Discount to List
-$60,000
-19.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.24%
Source: Public Records

Range of Values:

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Average Value
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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

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

Property History

Date Event Price Change Sq Ft Price
08/05/2025 08/05/25 Pending -- -- --
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

Tax History Compared to Growth

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

Agents Affiliated with this Home

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Map

Source: IRES MLS

MLS Number: 932614

IRES MLS

APN: 38048516213005