NOT LISTED FOR SALE

602 Central Ave Wiggins, CO 80654

11 Beds
6 Baths
9,208 Sq Ft
2.05 Acres

Last Sold July 06, 2022

Last sale price $1,800,000 $195 Per Sq Ft

144 Days on Market

Highlights

  • No HOA
  • Forced Air Heating System
  • 1-Story Property

About This Home

As of July 2022

LUCRATIVE INCOME PROPERTY 1 HR FROM DENVER AND 1 HR 15 MIN TO FT. COLLINS. Located in the fast-growing town of Wiggins that is booming with Residential and Commercial developments. Featuring 20 lots with Tenant-Owned mobile homes, 2 RV lots, 2 car garage, and 12 Apartment Units with 21 bedrooms and 12 bathrooms. With low vacancy and minimal maintenance, this one is a must see. Great location within minutes from I-76 and Hwy 34 and walking distance to local restaurants, and many amenities (see images with a map of some local businesses). Projection of Expenses to decrease in upcoming year. CONSIDERATIONS: Garage on location has been recently rented but not reflected on listing. Identified by 3 TAX IDs (Further explained in documents including Public Record Property Detail).Vacancy Rate more specifically identified in documents. Potential Rental Income is accurate and based on income from 2021 with vacancies considered.

Last Agent to Sell the Property

Kaleigh Key

Berkshire Hathaway HomeServices Rocky Mountain, Realtors-Greeley Listed on: 01/04/2022

Berkshire Hathaway HomeServices Rocky Mountain, Realtors-Greeley

Last Buyer's Agent

Non-IRES Agent

Non-IRES

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,157

Year Built

  • Built in 1952

Lot Details

  • 2.05

Home Design

  • Property Attached
  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 9,208 Sq Ft Home
  • 1-Story Property
  • Partial Basement

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 6 Bathrooms

Schools

  • Wiggins Elementary And Middle School
  • Wiggins High School

Utilities

  • Forced Air Heating System
  • Water Rights Not Included

Additional Features

  • 2.05 Acre Lot
  • Mineral Rights Excluded

Listing and Financial Details

  • Tenant pays for deposit
  • Assessor Parcel Number 122315104001

Community Details

Overview

  • No Home Owners Association
  • 34 Units
  • Woods First Add, Wiggins Trav O Tel Mobile Home Pk Subdivision

Building Details

  • Gross Income $190,375
  • Net Operating Income $117,074

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,157

Year Built

Built in 1952

Lot Details

2.05 Acres

Listing Details

  • Year Built: 1952
  • Property Sub Type: Attached Dwelling
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 2.05
  • Subdivision Name: WOODS FIRST ADD, WIGGINS TRAV-O-TEL MOBILE HOME PK
  • Architectural Style: Ranch
  • Unit Levels: One
  • New Construction: No
  • Property Attached Yn: Yes
  • Building Stories: 1
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 9208
  • Special Features: None
  • Stories: 1

Interior Features

  • Possible Use: Multi-Family, Mobile Homes, Commercial or Industrial
  • Private Spa: No
  • Appliances: Some Appliances
  • Has Basement: Partial
  • Total Bedrooms: 11
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition
  • Lot Features: Water Rights Excluded, Mineral Rights Excluded
  • Waterfront: No
  • Construction Type: Wood/Frame
  • Property Condition: Not New, Previously Owned

Utilities

  • Electric: Electric
  • Heating: Forced Air
  • Utilities: Natural Gas Available, Electricity Available
  • Heating Yn: Yes
  • Sewer: City Sewer
  • Water Source: City Water, Town Of Wiggins
  • Gas Company: Natural Gas

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: Wiggins
  • HighSchool: Wiggins
  • Junior High Dist: Wiggins RE 50
  • Middle Or Junior School: Wiggins

Lot Info

  • Zoning: Res/Com
  • Lot Size Sq Ft: 89497
  • Parcel #: 122315104001
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Deposit

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 4157.32

Multi Family

  • Number Of Units Total: 34
  • Annual Gross Income: 190375
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Property History

Date Event Price List to Sale Price per Sq Ft
07/06/2022 07/06/22 Sold $1,800,000 -2.7% $195 / Sq Ft
05/14/2022 05/14/22 Price Changed $1,850,000 -7.5% $201 / Sq Ft
01/09/2022 01/09/22 For Sale $2,000,000 -- $217 / Sq Ft
Source: IRES MLS

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 $5,028 $45,840 $4,330 $41,510
2023 $4,848 $49,520 $4,670 $44,850
2022 $3,857 $35,730 $4,010 $31,720
2021 $4,052 $37,560 $4,210 $33,350
2020 $3,400 $32,850 $2,480 $30,370
2019 $3,508 $32,850 $2,480 $30,370
2018 $3,024 $27,600 $2,500 $25,100
2017 $2,969 $27,600 $2,500 $25,100
2016 $2,557 $24,170 $2,590 $21,580
2015 $2,381 $24,170 $2,590 $21,580
2014 $2,645 $26,250 $2,590 $23,660
2013 -- $16,390 $2,590 $13,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: IRES MLS

MLS Number: IRE957227

IRES MLS
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