NOT LISTED FOR SALE
5 Beds
5 Baths
3,006 Sq Ft
-- Built

About This Home

This is a rare opportunity to own a well-kept, fully leased property in a strong rental market.
Whether you’re expanding your portfolio or seeking a stable income-producing asset, the Patio Apartments in Sterling are an investment you won’t want to miss! Now available, The Patio Apartments, a unique and highly desirable 5-unit multifamily property located at 905 S 2nd Ave, Sterling, CO. This well-maintained income property is a proven earner with a strong rental history, long-term tenants, and recent updates that make it truly turnkey.
Property Highlights:
• Fourplex + Single Unit (5 total) – Each unit is 1 bed / 1 bath with kitchen, living room, laundry, and private patio.
• Renovation Upgrades Include:
o New exterior paint and landscaping
o New perimeter fencing
o LED lighting inside two updated units & throughout exterior
o In-unit washer/dryers in every apartment
o Some units with new electric cook tops
o Two units recently refreshed with new paint and lighting
• 5 exterior storage units available for tenant rental
• Ample public parking directly in front for tenants and guests
Investment Advantage:
• Fully leased through June 30, 2026 with reliable tenants
• One tenant has called this property home for over 20 years
• Units are easy to rent due to desirable layout and convenient location
• Stable rental demand from nearby Sterling Correctional Facility and strong local employment base Sterling is the largest city in Northeastern Colorado, offering a balance of small-town charm and essential amenities. With a growing economy, anchored by healthcare, corrections, education, and local businesses, Sterling provides a steady pool of reliable tenants. Outdoor enthusiasts appreciate its proximity to North Sterling State Park for boating, fishing, and recreation. The city’s vibrant downtown, local shops, and community events add to the appeal for both residents and investors. Call Jon for additional information at 303-246-8740 mobile/text

Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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

Closed on
Apr 11, 2023
Sold by
Bought by

Purchase Details

Closed on
Dec 29, 2021
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$348,022
Interest Rate
3.11%
Mortgage Type
Commercial
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
$500,000 None Listed On Document
$450,000 None Listed On Document
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 $378,750
Previous Owner $348,022
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
09/08/2025 09/08/25 For Sale $569,000 -- $189 / Sq Ft

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 $2,068 $24,670 $0 $0
2024 $1,265 $20,270 $0 $0
2023 $1,265 $20,270 $0 $0
2022 $1,483 $17,600 $1,700 $15,900
2021 $1,482 $18,510 $1,790 $16,720
2020 $1,493 $35,460 $1,690 $33,770
2019 $1,489 $35,220 $1,680 $33,540
2018 $659 $7,780 $1,260 $6,520
2017 $648 $37,800 $6,130 $31,670
2015 $917 $40,030 $5,690 $34,340
2014 $917 $46,500 $5,690 $40,810
2013 $917 $46,500 $5,690 $40,810
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Your Personal Tour Guide

Ask me questions while you tour the home.