406 West 4th Avenue

Iliff, CO 80736

$320,000
Price
6
Beds
5
Baths
4,567 Sq. Ft.
$70 / Sq. Ft.
4,567
Sq. Ft.
$70
per Sq. Ft.

Description

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...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!
  1. Listed by Erin Debus • Town Square Realty • 9705222009

Amenities

  • Attached Garage
  • Forced Air
  • Garage
  • Private Outdoor Space
  • Washer / Dryer in Unit

Location

Listing Courtesy of Town Square Realty, Erin Debus
Add your commute
LISTING UPDATED: 04/10/2024 03:02 PM

Property Details for 406 West 4th Avenue

StatusActive
MLS #1006757
Days on Compass23
Taxes$1,195 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1933
Lot Size0.23 AC / 9,940 SF
CountyLogan County

Location

Listing Courtesy of Town Square Realty, Erin Debus
Add your commute

Building Information for 406 West 4th Avenue

Stories2Residences4Year Built1933Building Size-Lot Size0.23 AC / 9,940 SF

Payment Calculator

$1,846 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,746

Property Taxes

$100

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 406 West 4th Avenue

Summary
Location and General Information
  • Road Access 2: Highway
  • Longitude and Latitude: -103.06732, 40.75581
  • Latitude: 40.76
  • Longitude: -103.07
  • Elementary School District: Valley RE 1
  • Middle Or Junior School District: Valley RE 1
Taxes and HOA Information
  • Tax Information: No
  • Tax Year: 2023
  • HOA Transfer Fee: No
  • HOA 2 Transfer Fee: No
  • Has Association Fee: No
  • Has Association 2 Fee: No
  • Has Association Reserve: No
  • Has Association 2 Reserve: No
  • Tax Annual Amount: $1,195
  • Parcel Number: 38048516213005
Property
Lot Information
  • Lot Size Area: 9,940.00
  • Lot Size Units: Square Feet
  • Has Irrigation Water Rights: No
  • Has Improvements: No
Property and Assessments
  • Total Finished Area Source: Assessor
  • Total Finished Area Units: Square Feet
  • Above Grade Finished Area Units: Square Feet
  • Below Grade Finished Area Units: Square Feet
  • Location Description 2: No
  • Are Ditches Active: No
  • New Construction YN: No
  • Property Styles: 2
  • Levels: Two
  • Home Warranty YN: No
Utilities
  • Utilities 1: No
  • Gas: Natural Gas, Black Hills
  • Sewer: City Sewer
  • Heating YN: Yes
Interior and Exterior Features
Exterior Features
  • Exterior Features: Balcony
Interior Features
  • ViewYN: Yes
  • Spa YN: No
Multi Family
Multi-Family Information
  • Unit 1's Number of Bedrooms: 1
  • Unit 1's Number of Baths: 1.00
  • Number of 1 bedroom units: 3
  • Number of units in Unit 1: 1
  • Unit 1's Estimated Square Feet: 625
  • Unit 2's Number of Bedrooms: 1
  • Unit 2's Number of Baths: 1.00
  • Number of units in Unit 2: 1
  • Unit 2's Estimated Square Feet: 466
  • Unit 3's Number of Bedrooms: 1
  • Unit 3's Number of Baths: 1.00
  • Number of 3 bedroom units: 1
  • Unit 3's Estimated Square Feet: 755
  • Number of units in Unit 3: 1
  • Unit 4's Number of Bedrooms: 3
  • Unit 4's Number of Baths: 2.00
  • Unit 4's Estimated Square Feet: 1783
  • Number of units in Unit 4: 1
Rental
Rental Information
  • Rent Unit 1: $800.00
  • Rent Unit 2: $645.00
  • Rent Unit 3: $850.00
  • Rent Unit 4: $1,200.00
  • Lease Sq Ft Unit: Square Feet
  • Total Actual Rent: $3,495.00
  • Horse YN: No

Property History for 406 West 4th Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 406 West 4th Avenue

Taxable ValueLand$720Additions$29,000Total$29,720
Tax Record2020$1,917 ($160 / month)
Home Facts
Beds7Baths4Total Finished SqFt4,567 SqFtAbove Grade Finished SqFt4,567 SqFtStories2Lot Size9,932 SqFtStyleSingle Family ResidenceYear Built1933Year Renovated1978CountyLOGANAPN38048516213005

Schools near 406 West 4th Avenue

This home is within Valley Re-1 School District.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 12
Rating
School
Distance
Caliche Elementary School
PublicPK to 6

Caliche Junior-Senior High School
Public7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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406 West 4th Avenue is a multi-family home for sale in Iliff, CO 80736. This property was listed for sale on April 10, 2024 by Town Square Realty, it's currently listed at $320,000. It has been on the market for a total of 23 days and was last sold on June 29, 2021. This listing's school district is Valley Re-1 School District. Nearby schools include Caliche Elementary School and Caliche Junior-Senior High School. 406 West 4th Avenue is a 6-bed, 5-bath, 4,567 sqft multi-family home built in 1933.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Town Square Realty, Erin Debus

Based on information from one of the following Multiple Listing Services: REColorado, Summit MLS Inc (a wholly owned subsidiary of Summit Association of REALTORS), Pikes Peak Association of Realtors, IRES, Grand Junction Area REALTOR, CREN, Vail Board of REALTORS and Grand County Board of REALTORS . Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by REColorado, Summit MLS Inc (a wholly owned subsidiary of Summit Association of REALTORS), Pikes Peak Association of Realtors, IRES, Grand Junction Area REALTOR, CREN, Vail Board of REALTORS and Grand County Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.