610 N Orchard AVE #A-D Active Save Request In-Person Tour Request Virtual Tour
Canon City,CO 81212
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&