406 W 4th Avenue Iliff, CO $ 315,000
406 W 4th Avenue
$ 315,000
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406 W 4th Avenue

Iliff, CO, 80736
$ 315,000
Baths0.0 Sq 4,567

Monthly Estimate*

$ 2,094

Listed by Town Square Realty
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Studio

Multi-Family Home for sale in Iliff, CO

for $315,000. This 4,567 square foot home was built in 1933 on a lot size of 0.23.

Welcome to your next investment opportunity in the town of Iliff, Colorado! This 4-plex offers a blend of comfort and convenience, making it an exceptional choice for investors or owner-occupiers. This property features four well-appointed units designed to meet a variety of lifestyle needs. Among them are three charming one-bedroom, one-bathroom units, providing cozy living spaces. Additionally, there's a spacious three-bedroom, two-bathroom unit, perfect for those desiring extra space. A notable feature of this property is the convenience of a two-car attached garage, ensuring residents have ample parking space and easy access to their vehicles year-round. Recent upgrades add value and appeal to this 4-plex. A brand-new roof and furnace offer peace of mind, minimizing maintenance concerns and enhancing energy efficiency for both the owner and tenants. Unit C shines with its recently updated bathroom, boasting modern fixtures and finishes that elevate the living experience. Each unit also enjoys its own separate fenced area, providing privacy and creating a sense of personal space for residents to relax and unwind outdoors. Whether you're looking to expand your investment portfolio or searching for a place to call home with the added benefit of rental income, this 4-plex in Iliff presents a rare opportunity not to be missed. Schedule a viewing today and discover the potential this property has to offer!

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Multi-Family Active

Price

$ 315,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 1,194

Style

Lot Size

0.23

Year Built

1933

Town/City

Iliff

County/Region

Logan

MLS | Web ID

IR1006757

Features
General
Sewer Public Sewer
Heating Forced Air
Utilities Natural Gas Available
Possession Rental Agreement
Roof Composition Metal
Appliances Dryer Oven Refrigerator Washer
Exterior Features Balcony
Zoning RES
Construction Materials Wood Frame
Exclusions Personal property of tenants.
Year Built 1933
Tenant Pays Electricity Gas
View City
Levels Two
Property SubType Quadplex
Tax Year 2023
Percent Ownership Individual
Gross Income 5020
County Logan
Net Operating Income 40656.26
Operating Expense 3383.74
Property Type Residential Income
HOA / Comm Assn N
Subdivision Name ORIGINAL ILIFF
Possible Use Multi-Family Residential
Status Active
High School Caliche
City Iliff
Buyer Agent Compensation 2.50
High School District Valley RE-1
NumberOfUnitsTotal 4
Lot Size Square Feet 9940
Street Name 4th
Listing Terms Cash Conventional
Elementary School Caliche
Tax Annual Amount 1194.74
Middle/Junior High School Caliche
Standard Status Active
Occupancy Type Tenant
Elementary School District Valley RE-1
Cap Rate 12.9
Buyer Agent Compensation Type %
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Interior
Basement None
Basement (Y/N) N
Street Suffix Avenue
Main Level Bedrooms 0
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Exterior
Fencing Fenced Partial
Lot Features Flood Zone Level
Water Source Public
Building Area Total 4567
Lot Size Acres 0.23
Road Surface Type Paved
Road Frontage Type Public
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Internal Only
Street Number 1 406
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* Excluded Features
List By
Town Square Realty

Broker

(970) 522-2009

Phone

Affordability Calculator

$2,193
Per Month
95%
5%
0%
Monthly Principal & Interest
$2,094
Monthly Property Taxes
$100
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4132556 Elementary School
4132557 Middle School
Caliche High School High School
Pricing History
DatePricePrice ChangeDescription
6/3/2024$315,000 -0.94% Price Down
5/16/2024$318,000 -0.63% Price Down
4/10/2024$320,000 Listed Price

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406 W 4th Avenue, Iliff, CO, 80736 is a Multi-Family Home for sale at $315,000 with 4,567 sqft and a lot size of 0.23. 406 W 4th Avenue is a studio with 0.0 baths and was built in 1933. The property's zip code is 80736 which is in Iliff, CO