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Nicole And Alysia Clements

nicole.clements@exprealty.com +1(970) 430-9451

$ 681,000

Est. payment | -/mo

8 Beds

4 Baths

4,160 SqFt

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$ 681,000

Est. payment | -/mo

Save Virtual Tour

8 Beds

4 Baths

4,160 SqFt

Key Details

Property Type Single Family Home

Sub Type Income Property

Listing Status Active

Purchase Type For Sale

Square Footage 4,160 sqft

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

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

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

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Information and Real Estate Services (IRES)

Listed by Real Broker, LLC DBA Real • carla@cominghomerealtypros.com,719-792-1111

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Nicole And Alysia Clements

Realtor | Lic# 3002201

nicole.clements@exprealty.com

+1(970) 430-9451

9800 Pyramid Ct Ste 400, Englewood, CO

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

Nicole And Alysia Clements

Key Details

Location

Interior

Exterior

Building

Schools

Others

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610 N Orchard Ave #A-D