NOT LISTED FOR SALE

4205 Flag Dr Laporte, CO 80535

3 Beds
2 Baths
6,240 Sq Ft
0.55 Acres

Last Sold January 29, 2016

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

48 Days on Market

Highlights

  • No HOA
  • Forced Air Heating System
  • Laundry Facilities

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 Listed on: 11/12/2015

Last Buyer's Agent

Brian Mannlein

Cushman & Wakefield Listed on: 11/12/2015

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,197

Year Built

  • Built in 1976

Lot Details

  • 0.55

Home Design

  • Flat Tile Roof
  • Concrete Siding

Interior Spaces

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

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Schools

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

Additional Features

  • 0.55 Acre Lot
  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for deposit, gas, electricity
  • Assessor Parcel Number R0248177

Community Details

Overview

  • No Home Owners Association
  • 8 Units
  • 03552 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 1976

Lot Details

0

Listing Details

  • Year Built: 1976
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.55
  • Subdivision Name: 03552 - 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: All Appliances
  • 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, Public
  • 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: 23952
  • Parcel #: R0248177
  • 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

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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

Property History

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 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
2025 $4,624 $51,255 $10,050 $41,205
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

  • Brian Mannlein

    Seller's Agent in 2016

    Brian Mannlein

    Cushman & Wakefield

    (970) 267-7729

    10 Total Sales

    Brian Mannlein
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Map

Source: IRES MLS

MLS Number: 779222

IRES MLS
Colorado Larimer County Laporte 80535

4205 Flag Dr, Laporte, CO

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

IRES MLS Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.

Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Information deemed reliable but not guaranteed by the MLS.

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