464-32 1/8 Road

Clifton, CO 81520

$515,000
Last Sold Price
8
Beds
4
Baths
3,610 Sq. Ft.
$143 / Sq. Ft.
3,610
Sq. Ft.
$143
per Sq. Ft.

Description

Impressive 4-plex investment opportunity! This property is a great choice for investors looking for a solid return on investment. Market rent is $1100/mo/unit! With separate gas and electric hookups for each unit the landlord expenses associated with this property are minimal (average of $265/mo), allowing for maximum profitability. The units are well-maintained, spacious, and offer a great layout for comfortable living. In addition, this property presents an ideal opportunity for simple value-add...Impressive 4-plex investment opportunity! This property is a great choice for investors looking for a solid return on investment. Market rent is $1100/mo/unit! With separate gas and electric hookups for each unit the landlord expenses associated with this property are minimal (average of $265/mo), allowing for maximum profitability. The units are well-maintained, spacious, and offer a great layout for comfortable living. In addition, this property presents an ideal opportunity for simple value-add improvements to further increase your ROI. As an added bonus, owner-occupant buyers with FHA or VA loans can take advantage of the property by living in one unit and renting out the others. This is a fantastic chance to expand your portfolio, or start investing to increase your passive income. Schedule your showing today! Call today to schedule a showing. Information deemed reliable but not guaranteed. Terms subject to change without notice. Buyer to verify all to satisfaction.
  1. Listed by RACHEL JUSTMAN • CENTURY 21 CAPROCK REAL ESTATE
    P: 970-615-0201 Rachel.justman@realestategj.com

Property Details for 464-32 1/8 Road

Subdivision Name
Moordale & Cond
Architectural Style
Two Story, Fourplex

Location

Listing Courtesy of CENTURY 21 CAPROCK REAL ESTATE, RACHEL JUSTMAN

Sold By NEXTHOME VIRTUAL, MARIO RAMIREZ

Add your commute
LISTING UPDATED: 01/02/2024 03:12 PM

Property Details for 464-32 1/8 Road

StatusClosed
MLS #20231919
Days on Market235
Taxes$2,032 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential / Quadruplex
Year Built1981
Lot Size-
CountyMesa County

Location

Listing Courtesy of CENTURY 21 CAPROCK REAL ESTATE, RACHEL JUSTMAN

Sold By NEXTHOME VIRTUAL, MARIO RAMIREZ

Add your commute

Building Information for 464-32 1/8 Road

Stories2Residences4Year Built1981Building Size-Lot Size-

Payment Calculator

$2,980 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,811

Property Taxes

$169

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 464-32 1/8 Road

Summary
Location and General Information
  • Accessibility Features: None
  • Direction Faces: North
  • Directions: Between D 1/2 and D 3/4 on 32 1/8 on the East side
  • Elementary School: Rocky Mountain
  • High School: Palisade
  • Middle Or Junior School: MT Garfield (Mesa County)
  • Elevation: 4663
  • Road Frontage Type: City Street
  • Zoning Description: RMF-8
Taxes and HOA Information
  • Association Amenities: None
  • Association Fee Includes: None
  • Tax Year: 2023
Property
Lot Information
  • Current Use: Residential
  • Lot Features: None, Other, See Remarks
  • Lot Size Dimensions: 132 x 77
  • Lot Size Source: Assessor
  • Parcel Number: 2943-142-53-018
Property and Assessments
  • Construction Materials: Wood Siding, Wood Frame
  • Number Of Units Total: 4
  • Stories: 2
Utilities
  • Cooling: Evaporative Cooling
  • Cooling: Yes
  • Heating: Forced Air
  • Heating: Yes
  • Sewer: Connected
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Patio And Porch Features: Covered, Deck
  • Roof: Asphalt, Composition
Interior Features
  • Appliances: Electric Oven, Electric Range, Refrigerator
  • Basement: Crawl Space
  • Fireplace: No
  • Flooring: Carpet, Vinyl
  • Interior Features: None
  • Levels: Two
Rental Information
Rent Information
  • Land Lease: No

Property History for 464-32 1/8 Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 464-32 1/8 Road

Taxable ValueLand$3,750Additions$19,010Total$22,760
Tax Record2023$1,692 ($141 / month)
Home Facts
Total Finished SqFt3,763 SqFtAbove Grade Finished SqFt3,763 SqFtStories2Lot Size43,560 SqFtStyleQuadraplexYear Built1981Zoning1220CountyMESAAPN2943-142-53-018

Schools near 464-32 1/8 Road

This home is within Mesa County Valley 51 School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Charter - PK to 8
Rating
School
Distance
Rocky Mountain Elementary School
PublicPK to 5

Mount Garfield Middle School
Public6 to 8

Palisade High School
Public9 to 12

Independence Academy
CharterPK to 8

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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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 CENTURY 21 CAPROCK REAL ESTATE, RACHEL JUSTMAN

Based on information from one of the following Multiple Listing Services: CRENMLS, Telluride Association of REALTORS, Grand Junction Area 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 CRENMLS, Telluride Association of REALTORS, Grand Junction Area 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.