Sterling, CO 80751 501 N 4th St # A,B,C,D
$549,900
39 more
Presented By: ;
Home Details
Seller offering Concessions with their preferred lender: Conventional *If they put less than 10% down max concessions is 3% of purchase price**If they put 10-19% down- Max concessions is 6% of purchase price**If they put 20% down max concessions is 9% of purchase price (we are only doing 6%)*FHA-Max concessions is 6% of purchase price*VA-Max concessions is 4% of purchase price* Incredible Opportunity to add to your current Investment Portfolio or for the First Time Investor / Owner Occupant. 4 Units total, all currently rented with a cap rate of $7.91 One, Single Family Unit, One Studio Unit, and a Duplex. All with Separate Entrances. Shared yard, Fully fenced. Great Location. Entire Property was completely Renovated in 2019, All new Mechanicals (Plumbing, Electrical and HVAC) as well as all new interiors. New Drywall, Flooring, Stainless appliances, New Bathrooms, New Kitchens, Flooring and easy to maintain Finishes. Property is currently Professionally Managed, and willing to represent new owner as well. Tenant Occupied, Requires 24 Hour notice to show.
Presented By: ;
Interior Features for 501 N 4th St # A,B,C,D
Bedrooms
Total Bedrooms7
Bathrooms
Total Baths4
Other Interior Features
LivingAreaSourcePlans
BasementFull, Partially Finished, Slab, Walk-Out Access
Interior AmenitiesEat-in Kitchen, Separate Dining Room, Cathedral Ceiling(s), Open Floorplan, Walk-In Closet(s), Washer/Dryer Hookup, Outside Entry, Kitchen Island, Split Bedroom Plan
General for 501 N 4th St # A,B,C,D
AccessibilityLevel Lot, Level Drive, Width of Hallways 42 or more, Low Carpet, Exterior Door Openings 36 plus, No Stairs, Other, Main Floor Bath, Main Level Bedroom
AppliancesAll Appliances, Disposal, Fire Alarm
Architectural StylePatio Home, Cottage, Victorian
AttributionContact9705805319
Cap Rate7.91
CitySterling
Construction MaterialsFrame, Wood Siding, Painted/Stained
CoolingCentral Air, Wall/Window Unit(s), Ceiling Fan(s)
CountyLogan
DirectionsFrom Main St / Chestnut St, Go North on N 4th St. Property Is located on the Northwest corner of Walnut and N 4th St.
DisclosuresNone, Lead Paint
ElectricXcel Energy
Elementary SchoolAyres
Energy EfficientHigh Efficiency Furnace
ExclusionsTenants Personal Property
Expected Active Date 2025-12-06
Gross Income55200
HOANo
HeatingForced Air, Baseboard, 2 or more Heat Sources, Individual Heat Source
High SchoolSterling
High School DistrictValley RE 1
Lease Amount FrequencyFixed Term
LevelsOne, Bi-Level
MLS AreaLogan
Middle/Junior High SchoolSterling
Net Operating Income43494
New ConstructionNo
Number Of Units Total4
Operating Expense11706
Other StructuresStorage
Parcel Number38052529416025
Patio/Porch FeaturesPatio
Possible UseSingle Family, Multi-Family
Property SubtypeDuplex
Property TypeResidential Income
RoofComposition
SewerPublic Sewer
Standard StatusActive
StatusActive
Structure TypeDuplex
Subdivision NameM C Kings Sub 2nd
Tax Annual Amount1506
Tax Year2024
Tenant PaysDeposit
Unit NumberA, B, C, D
UtilitiesNatural Gas Available, Electricity Available, Cable Available, High Speed Avail
ViewCity
Year Built1911
ZoningRES
Exterior for 501 N 4th St # A,B,C,D
FencingFenced, Chain Link
Irrigation Water Rights Y/NNo
Lot FeaturesCorner Lot, House Faces East, Paved, Curbs, Gutters, Sidewalks, Alley, Fire Hydrant within 500 Feet, Water Rights Excluded, Mineral Rights Excluded, Zero Lot Line
Lot Size Acres0.21
Lot Size Area8999
Other Parking2 Spaces/Unit
Road Frontage TypeCity Street
Road Surface TypeAsphalt
Total Parking11
Water SourceCity
Waterfront Y/NNo
Additional Details
Price History
Schools
High School
Sterling High School
Elementary School
Ayres Elementary School
Middle School
Sterling Middle School
