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624 Taylor St

Sterling, CO 80751
  • $800,000
  • STATUS: Active
  • ON SITE: 16 Days
  • MLS #: 1019628
UPDATED: 63 min ago
$800,000
  • 12
    BEDS
  • 0.4
    ACRES
  • 6
    BATHS
  • 0
    1/2 BATHS
  • 5,504
    SQFT
  • $145
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1965
County:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

This six-plex is an excellent investment opportunity near downtown Sterling on the South side with many amenities within walking distance. Recent updates include newer flooring, paint, light fixtures, outlets and switches in all of the units, alongwith a newer water heater and newer windows in four of the units along with a storage shed for additional income potential. Currently this property is rented under market value with a 0% vacancy rate. Sterling houses the largest correctional facility in Colorado and Northeastern Junior College, both of which drive traffic to the local community.

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© 2024 Information and Real Estate Services, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Sears Real Estate. Data last updated: 2024-10-15T07:40:54.3.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
www.searsrealestate.com/homes/155973485
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624 Taylor St Sterling, CO 80751

  • Price: $800,000
  • Status: Active
  • On Site: 16 Days
  • Updated: 63 min ago
  • MLS #: 1019628
12
Beds
6
Baths
0
½ Baths
0.4
Acres
5,504
SQFT
$145
$/SQFT
1965
Built
Neighborhood:
Mabray 1st Filing
County:
Logan
Area:
15 Logan County (all)
Elementary School:
Campbell
Middle School:
Sterling
High School:
Sterling
School District:
Valley RE 1
Property Description
This six-plex is an excellent investment opportunity near downtown Sterling on the South side with many amenities within walking distance. Recent updates include newer flooring, paint, light fixtures, outlets and switches in all of the units, alongwith a newer water heater and newer windows in four of the units along with a storage shed for additional income potential. Currently this property is rented under market value with a 0% vacancy rate. Sterling houses the largest correctional facility in Colorado and Northeastern Junior College, both of which drive traffic to the local community.
Exterior Features

Construction Materials Wood/FrameStone Horse YN No Levels Two Roof Composition Spa YN No Waterfront YN No

Interior Features

Appliances Electric Range/OvenRefrigeratorWasherDryer Basement None Cooling Central Air Cooling YN Yes Heating Forced Air Heating YN Yes Living Area Source Assessor Unit1 Bedrooms 2 Unit1 Total Baths 1 Unit2 Bedrooms 2 Unit2 Total Baths 1 Unit3 Bedrooms 2 Unit3 Total Baths 1 Unit4 Bedrooms 2 Unit4 Total Baths 1 Window Features Window Coverings

Property Features

Association YN No Cap Rate 6.81 Ditches Active YN No Electric ElectricXcel Energy Exclusions personal property in storage areatenants property Gas Natural GasXcel Energy Gross Income 72000 Has Improvements No Has Water Rights No Income Includes Lease/Rents Listing Sub Status None Listing Terms CashConventionalVA Loan Locale Sterling Net Operating Income 54448 New Construction YN No Operating Expense 17552 Possible Use Multi-Family Property Condition Not NewPreviously Owned Property Sub Type Income Property Senior Community YN No Sewer City Sewer Special Listing Conditions Private Owner Tax Annual Amount 1595 Tax Year 2023 Tenant Pays GasElectricity Unit1 Rent 950 Unit2 Rent 900 Unit3 Rent 900 Unit4 Rent 1050 Utilities Natural Gas AvailableElectricity Available Water Source City WaterCity of Sterling Zoning Res Multi

Listing information © 2024 Information and Real Estate Services
Listing provided courtesy of Daniel Weiner of Berkshire Hathaway-FTC: 9702265511.



© 2024 Information and Real Estate Services, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Sears Real Estate. Data last updated: 2024-10-15T07:40:54.3.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
 
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