610 N Orchard Ave #A-D Active Save Request In-Person Tour Request Virtual Tour
Canon City,CO 81212
Key Details
Property Type Single Family Home
Sub Type Income Property
Listing Status Active
Purchase Type For Sale
Square Footage 4,160 sqft
Price per Sqft $162
Subdivision Anderson
MLS Listing ID 4822661
Style Ranch
Bedrooms 8
HOA Y/N false
Abv Grd Liv Area 4,160
Originating Board REcolorado
Year Built 1977
Annual Tax Amount $1,978
Lot Size 0.420 Acres
Acres 0.42
Property Sub-Type Income Property
Property Description
Looking to add a hassle-free, cash-flowing property to your portfolio? This beautifully updated 4-plex is the perfect investment for the savvy buyer who is seeking a steady passive income with zero renovation headaches. With over one thousand square feet of living space in these 2BDR, 1BA apartments, the open floor plan and generous bedroom sizes make this a stellar rental property attracting A-renters who take care of your property. The updates are extensive, with apartment D, apartment A and apartment B being fully renovated in 2015, 2017 and 2019 respectively. There were three separate partial renovations performed on apartment C in 2017 and 2019 and 2023. And there are more updates which include new gas furnaces installed in 2017 in three of the four apartments. Also, newer washer and dryers (which are sold as part of the property) have been added for each apartment. In 2024, a new class 4 shingled roof was installed on both buildings and finally, a twelve-foot by sixteen-foot storage shed was built in 2023 to store all the items, tools and supplies needed or rent this space for additional income. With a great central location, dedicated off street parking, strong rental history, a cap rate of five plus percent and the option to purchase with owner financing allowing you to skip the traditional lending hurdles make this property a passive income powerhouse. Contact us today to schedule a showing or request financials.
Location
State CO
County Fremont
Area Out Of Area
Zoning R3
Direction In Canon City, at US Hwy 50 and N. Orchard Avenue, drive North on Orchard. The units are on the right (East): 610 N. Orchard Avenue
Interior
Heating Forced Air
Cooling Evaporative Cooling
Appliance Refrigerator,Washer,Dryer
Exterior
Utilities Available Electricity Available
Roof Type Composition
Building
Story 1
Sewer City Sewer,Public Sewer
Water City Water
Level or Stories One
Structure Type Wood/Frame,Brick/Brick Veneer
New Construction false
Schools
Elementary Schools Harrison
Middle Schools Harrison
High Schools Canon City
School District Canon City Re-1
Others
Senior Community false
SqFt Source Assessor
Special Listing Condition Private Owner
Virtual Tour https://my.matterport.com/show/?m=vSf4tYqp6st&brand=0&mls=1&