NOT LISTED FOR SALE
3 Beds
2 Baths
6,240 Sq Ft
0.56 Acre Lot

Sale Details

Date Sold: January 29, 2016

Last sale price $598,333 $96 Per Sq Ft

48 Days on Market

Highlights

  • 0.56 Acre Lot
  • Forced Air Heating System
  • Laundry Facilities
  • No HOA

About This Home

As of January 2016

Outstanding investment in Laporte, CO, minutes from Old Town Fort Collins. Investment is made up of three 8-plexes (4125, 4205 & 4213 Flag) each on their own parcel, with addl shop/garage. Solid, concrete slab construction, with new double-paned windows. Tenants pay gas & electric, coin-op laundry. Rents below the regional average, giving investor upside. NOTE: 24 hr notice to show. Do not disturb tenants. No showings after 5pm or weekends. ALL 3 FLAG DRIVE 8-PLEXES MUST BE PURCHASED TOGETHER.

Last Agent to Sell the Property

Brian Mannlein

Cushman & Wakefield License #40030183 Listed on: 11/12/2015

Last Buyer's Agent

Brian Mannlein

Cushman & Wakefield License #40030183 Listed on: 11/12/2015

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,197

Year Built

  • Built in 1975

Lot Details

  • 0.56

Home Design

  • Flat Tile Roof
  • Concrete Siding

Interior Spaces

  • 6,240 Sq Ft Home
  • 2-Story Property

Kitchen

  • Electric Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Schools

  • Cache La Poudre Elementary And Middle School
  • Poudre High School

Additional Features

  • 24,410 Sq Ft Lot
  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for deposit, gas, electricity
  • Assessor Parcel Number R0248169

Community Details

Overview

  • No Home Owners Association
  • 8 Units
  • Sunset Ridge Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Gross Income $68,138
  • Net Operating Income $43,207

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,197

Year Built

Built in 1975

Lot Details

0.56 Acres

Listing Details

  • Year Built: 1975
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.56
  • Subdivision Name: Sunset Ridge
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 6240
  • Special Features: None
  • Stories: 2

Interior Features

  • Private Spa: No
  • Appliances: Electric Range/Oven, Dishwasher, Microwave
  • Has Basement: None
  • Total Bedrooms: 3

Exterior Features

  • Roof: Flat
  • Waterfront: No
  • Construction Type: Concrete
  • Property Condition: Not New, Previously Owned

Utilities

  • Electric: Electric
  • Heating: Forced Air
  • Utilities: Natural Gas Available, Electricity Available
  • Laundry Features: Common Area
  • Heating Yn: Yes
  • Water Source: City Water, West FTC
  • Gas Company: Natural Gas

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Association/Amenities

  • IRESDS_HasAssociation2Reserve: No
  • IRESDS_HasAssociation2Fee: No
  • IRESDS_HasAssociationReserve: No
  • IRESDS_HasAssociationFee: No

Schools

  • Elementary School: Cache La Poudre
  • HighSchool: Poudre
  • Junior High Dist: Poudre
  • Middle Or Junior School: Cache La Poudre

Lot Info

  • Zoning: M
  • Lot Size Sq Ft: 24410
  • Parcel #: R0248169
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Deposit, Gas, Electricity

Tax Info

  • Tax Year: 2014
  • Tax Annual Amount: 2197

Multi Family

  • Number Of Units Total: 8
  • Annual Gross Income: 68138

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 12, 2015
Closed on
Jan 29, 2016
Sold by
Bought by
Seller's Agent
Brian Mannlein
Cushman & Wakefield
Buyer's Agent
Brian Mannlein
Cushman & Wakefield
List Price
$616,667
Sold Price
$598,333
Premium/Discount to List
-$18,334
-2.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,346,250
Interest Rate
0.0401%
Mortgage Type
Commercial
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,795,000 Land Title Guarantee
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,346,250
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
01/28/2019 01/28/19 Off Market $598,333 -- --
01/29/2016 01/29/16 Sold $598,333 -3.0% $96 / Sq Ft
12/30/2015 12/30/15 Pending -- -- --
11/12/2015 11/12/15 For Sale $616,667 -- $99 / Sq Ft
Source: IRES MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $6,544 $64,500 $9,375 $55,125
2024 $4,402 $51,255 $10,050 $41,205
2022 $4,219 $44,200 $6,800 $37,400
2021 $4,350 $46,475 $7,150 $39,325
2020 $3,969 $42,042 $7,150 $34,892
2019 $3,987 $42,042 $7,150 $34,892
2018 $3,409 $37,080 $4,680 $32,400
2017 $3,397 $37,080 $4,680 $32,400
2016 $2,346 $25,472 $5,174 $20,298
2015 $2,329 $25,470 $5,170 $20,300
2014 $2,197 $23,880 $5,170 $18,710
Source: Public Records

Agents Affiliated with this Home

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Map

Source: IRES MLS

MLS Number: IRE779221

IRES MLS
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