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$681,000

Est. payment - /mo

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8 BD

4 BA

4,160 SqFt

Price Dropped by $10K

610 N Orchard AVE #A-D Canon City, CO 81212

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Paul Murphy, Realtor

[email protected] +1(720) 882-0825

UPDATED:

02/21/2025 06:32 PM

Key Details

Property Type Multi-Family

Sub Type Quadplex

Listing Status Active

Purchase Type For Sale

Square Footage 4,160 sqft

Price per Sqft $163

Subdivision Anderson

MLS Listing ID 4822661

Bedrooms 8

HOA Y/N No

Abv Grd Liv Area 4,160

Originating Board recolorado

Year Built 1977

Annual Tax Amount $1,978

Tax Year 2023

Lot Size 0.420 Acres

Acres 0.42

Property Sub-Type Quadplex

Property Description

Discover this unique investment that combines multiple wealth-building strategies!! This centrally located four-plex property offers a powerhouse of potential: it is within an Opportunity Zone (OZ), has potential for house hacking, building passive income, and/or seeking tax advantages by deferring or eliminating capital gains taxes and/or reducing taxable appreciation. Utilize house hacking by living in one unit and rent the others. Let your tenants pay down your mortgage while you build equity. These 2BDR, 1BA units have a stellar rental history. Three of the 4 units had new furnaces installed in 2017, and a new class 4 shingled roof was installed in 2024. This property is very clean and has been very well-maintained. Since 2017, no pets have been in any of the units. These units are highly livable, each with 1040 s.f. and notably each has a nice-sized living room/dining room/kitchen combo and spacious bedrooms. Parking spots are in a dedicated paved parking lot. There is a large storage shed that the current owner uses to store maintenance tools and supplies. This property is located in an economic Opportunity Zone, which is designed to encourage development and as the area evolves, property values are projected to rise making this a win-win for cash flow and appreciation. Want to learn more about how to make this 4-plex your next investment? Reach out to learn more and come take a look today!

Location

State CO

County Fremont

Zoning R3

Interior

Heating Forced Air

Cooling Evaporative Cooling

Fireplace N

Appliance Dryer, Oven, Range, Refrigerator, Washer

Laundry In Unit

Exterior

Utilities Available Electricity Connected, Natural Gas Connected

Roof Type Composition

Garage No

Building

Sewer Public Sewer

Water Public

Level or Stories One

Structure Type Brick,Frame

Schools

Elementary Schools Harrison

Middle Schools Harrison

High Schools Canon City

School District Canon City Re-1

Others

Senior Community No

Ownership Individual

Acceptable Financing Cash, Conventional, FHA, Owner Will Carry, VA Loan

Listing Terms Cash, Conventional, FHA, Owner Will Carry, VA Loan

Special Listing Condition None

Virtual Tour https://my.matterport.com/show/?m=vSf4tYqp6st&brand=0&mls=1&

Listed by Real Broker, LLC DBA Real • [email protected],719-792-1111

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Paul Murphy, Realtor

Realtor | License ID: EA.040007793

+1(720) 882-0825

610 N Orchard AVE #A-D Canon City, CO 81212

Paul Murphy, Realtor

Key Details

Location

Interior

Exterior

Building

Schools

Others

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610 N Orchard AVE #A-D