502 Cheyenne Ave Simla, CO 80835

Estimated Value: $290,000 - $329,000

1 Bed
1 Bath
-- Sq Ft
0.78 Acres

Last Sold May 08, 2023

Current estimated payment $1,727/month

Highlights

  • Ceiling Fan
  • Wood Burning Fireplace
  • Heating System Uses Propane
  • Single Wide

About This Home

As of May 2023

Amazing investment property that is an income producing set of 5 homes and a storage facility. The property sits on over .75 acres and has a main home that is a remodeled 2 story stick built home with a detached 2 car garage with a long term tenant plus 4 single wide mobile homes of which 3 have been fully renovated and are rented to long term tenants. This listing also includes a 12 unit storage building that has roll up doors and a concrete floor. A great cash flowing property, even at today's interest rates! All mobile homes have had numerous updates for long term reliability such as updated pex water lines, fully insulated skirting and crawlspace heaters installed to negate any frozen water line concerns. Long term tenants are all up to date on payments and cover their own utilities. This property needs minimal owner involvement and is a great first investment property or a great investment for seasoned investors! Only expense to owner is propane tank rent, insurance and taxes! Amazing cashflow! Bring your buyers before its gone!

Upgrades to homes include but are not limited to all pex water lines throughout, new furnaces- some replaced as early as 2017 and as late as 2022. Each property has its own propane tank and are all metered separately for power, water and sewer. Each tenant is responsible for their own lawn maintenance and snow removal. Current leases are in place. Current owner is relocating for warmer weather.

Last Listed By

Chelsey Archer

Equity Colorado Real Estate Listed on: 01/02/2023

Equity Colorado Real Estate

Property Details

Home Type

  • Mobile/Manufactured

Est. Annual Taxes

  • $592

Year Built

  • Built in 1945

Lot Details

  • 0.78

Parking

  • 10 Parking Spaces

Home Design

  • Mixed Use
  • Pillar, Post or Pier Foundation

Interior Spaces

  • Ceiling Fan
  • Wood Burning Fireplace

Kitchen

  • Oven or Range
  • Range Hood
  • Dishwasher

Laundry

  • Dryer
  • Washer

Utilities

  • Heating System Uses Propane
  • 220 Volts in Kitchen
  • Propane
  • Phone Available

Additional Features

  • 0.78 Acre Lot
  • Single Wide

Community Details

  • 5 Units

Property Details

Home Type

Mobile/Manufactured

Est. Annual Taxes

$592

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Property Sub Type: Mix Use
  • Prop. Type: Income
  • Year Built: 1945
  • Special Features: None

Interior Features

  • Alley: Gravel
  • Appliances: 220v in Kitchen, Dishwasher, Dryer, Kitchen Vent Fan, Range Oven, Refrigerator, Washer
  • Fireplace Type: Wood

Exterior Features

  • New Construction: Existing
  • Fence: See Prop Desc Remarks
  • Foundation Details: Post and Pier
  • Structure: Framed on Lot, Single Wide

Garage/Parking

  • ParkingSpacesNumberOf: 10
  • ListingUnits_1_NumGarage: 2
  • ListingUnits_2_NumGarage: 0
  • ListingUnits_3_NumGarage: 0
  • ListingUnits_4_NumGarage: 0
  • ListingUnits_5_NumGarage: 0

Utilities

  • Cooling: Ceiling Fan(s)
  • Heating: Electric, Propane, See Prop Desc Remarks
  • Utilities: Electricity, Propane, Telephone
  • Hot Water: Assoc/Distr

Schools

  • School District: Big Sandy-100J
  • School District: Big Sandy-100J

Lot Info

  • Program Acres Total: 0.7750
  • Lot Size: 0.7750

Tax Info

  • Flip Tax Amount: 591.92
  • Tax Year: 2022

Multi Family

  • Unit Count: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 4, 2023
Sold by
Archer Chelsey
Bought by
Bristol Holdings Llc
Current Estimated Value
$305,166

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 Buyer Sale Price Title Company
Bristol Holdings Llc $315,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Archer Chelsey $150,000
Previous Owner Archer Chelsey $185,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/08/2023 05/08/23 Sold -- -- --
04/22/2023 04/22/23 Off Market $365,900 -- --
04/06/2023 04/06/23 Price Changed $365,900 -1.1% --
03/03/2023 03/03/23 Price Changed $369,900 -2.7% --
01/02/2023 01/02/23 For Sale $380,000 -- --
Source: Pikes Peak REALTOR® Services

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
2023 $327 $3,840 $690 $3,150
2022 $592 $6,680 $1,530 $5,150
2021 $603 $6,870 $1,570 $5,300
2020 $863 $7,330 $1,060 $6,270
2019 $675 $7,330 $1,060 $6,270
2018 $553 $5,860 $880 $4,980
2017 $556 $5,860 $880 $4,980
2016 $349 $3,660 $830 $2,830
2015 $272 $3,660 $830 $2,830
2014 $272 $2,800 $830 $1,970
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Pikes Peak REALTOR® Services

MLS Number: 6729251

Pikes Peak REALTOR® Services

APN: R100293