$105,000
SOLD FEB 14, 2025

806 Phelps St Sterling, CO 80751

2 Beds
1 Bath
624 Sq Ft
0.57 Acres

Recently Sold

$168 Per Sq Ft

5% Below List Price

18 Days on Market

Highlights

  • City View
  • No HOA
  • 1-Story Property
  • Deck
  • Forced Air Heating System

About This Home

As of February 2025

This property offers a prime investment opportunity featuring one lot with a mobile home included in the sale, plus three additional lots currently rented out for $275/month each. The included mobile home has been well-maintained with recent upgrades, including a new water heater, new furnace, replaced a sink faucet, new gas line valve, fully insulated the water system and new skirting on the exterior, ensuring long-term durability and comfort. With stable rental income and a turnkey setup, this property is ideal for investors or those seeking a home with additional revenue streams. Don't miss out on this versatile and profitable income property! Schedule a showing today!

Last Agent to Sell the Property

Erin Debus

Town Square Realty Listed on: 12/16/2024

Last Buyer's Agent

Michele Owen

RE/MAX Homestead Northeast

RE/MAX Homestead Northeast

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1975

Home Design

  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 624 Sq Ft Home
  • 1-Story Property
  • City Views
  • Electric Oven or Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Schools

  • Campbell Elementary School
  • Sterling Middle School
  • Sterling High School

Additional Features

  • Deck
  • 0.57 Acre Lot
  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for deposit, gas, electricity, water, sewer
  • Assessor Parcel Number 38052531115015

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Bowling Green Subdivision

Building Details

  • Gross Income $21,300
  • Net Operating Income $21,235

Property Details

Home Type

Multi-Family

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Year Built: 1975
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.57
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
  • Subdivision Name: BOWLING GREEN
  • Architectural Style: Ranch
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 624
  • Special Features: None
  • Stories: 1

Interior Features

  • Possible Use: Mobile Homes
  • Private Spa: No
  • Appliances: Electric Range/Oven, Refrigerator
  • Has Basement: None
  • Total Bedrooms: 2
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition
  • View: City
  • Waterfront: No
  • Construction Type: Wood/Frame
  • Patio And Porch Features: Deck
  • Property Condition: Not New, Previously Owned

Utilities

  • Electric: Electric, Xcel
  • Heating: Forced Air
  • Utilities: Natural Gas Available, Electricity Available
  • Heating Yn: Yes
  • Sewer: City Sewer
  • Water Source: City Water, City of Sterling
  • Gas Company: Natural Gas, Xcel

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: Campbell,Ayres
  • HighSchool: Sterling
  • Junior High Dist: Valley RE 1
  • Middle Or Junior School: Sterling

Lot Info

  • Zoning: MH
  • Lot Size Sq Ft: 24829
  • Parcel #: 38052531115015
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Deposit, Gas, Electricity, Water, Sewer

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 65.3

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 21300

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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Property History

Date Event Price List to Sale Price per Sq Ft
02/14/2025 02/14/25 Sold $105,000 -4.5% $168 / Sq Ft
01/03/2025 01/03/25 Pending -- -- --
12/16/2024 12/16/24 For Sale $110,000 -- $176 / 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 $76 $3,620 $0 $0
2023 $76 $3,620 $0 $0
2022 $428 $5,080 $5,080 $0
2021 $419 $5,230 $5,230 $0
2020 $328 $7,780 $7,780 $0
2019 $326 $7,720 $7,720 $0
2018 $293 $3,460 $3,460 $0
2017 $288 $16,800 $16,800 $0
2015 $435 $15,400 $15,400 $0
2014 $435 $14,700 $14,700 $0
2013 $435 $14,700 $14,700 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: IRES MLS

MLS Number: 1023486

IRES MLS