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$399,000
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407 Palmer Ave
Delta, CO 81416
4 bed 4 bath 2,950 SqFt ($135/SqFt)
8,712SqFt lot. Built 1950
Listed 2023-10-12, Taxes $1,051
USDA Eligible
near Delta, CO
 Restrictions may apply
due to home size

Latest Value Estimates: $429,400 from CoreLogic on 2024-04-01. Forecast Estimate Value:$454,289 in 2025-04-01 by CoreLogic.

This is a tremendous investment opportunity in the heart of Delta.

It is within walking distance to restaurants, a grocery store and all the downtown businesses. There are four units that have a history of consistent income (7 straight years with no vacancy), each are leased well into 2024. The first unit 407 Palmer is landscaped with mature rose bushes and is 947+- Square foot with 1 bedroom 1 bathroom and a wood freplace. The address of 206 W 4th street contains 2 units, #115 and #200 with a landscape entry.

Unit 115 is 957+- sf with one bedroom and 1 bathroom. Unit #200 is 547+- sf and has 1 bedroom and 1 bathroom and is separated from the triplex. There is also a 624 +- sf 2 car garage that is currently being used for storage. Each unit has its own electric and gas meter. The 870+-sf patio area out back is a shared space among all 4 units. In 2022 the roof and evaporative cooler were replaced. Just south of the garage there is a garden area for the tenants to utilize. Make an appointment to see how good of an investment this really is.


Presented by Alisa Green at
RE MAX Today.
Listing Agent Photo

Property MLS #808632 from CREN

Bedrooms: 4

Total Bathrooms: 4
Full Bathrooms: 1
3/4 Bathrooms: 3

Cooling Features: Evaporative Cooler
Fireplace Features: Woodstove
Heating Features: Boiler

Furnished Description: Unfurnished
Flooring: Carpet-Partial, Linoleum

Living Room Description: No

Lot Description: Corner
Lot Size Acres: 0.2
Lot Size Square Feet: 8712

Road Frontage Type: Avenue

Garage Spaces: 2
Garage Description: Attached Garage

Association: No
Calculated Total Monthly Association Fees: 0

Elementary School: Open Enrollment
High School: Open Enrollment
Middle School: Open Enrollment

Delta Middle School is a public middle school located approximately 0.6 miles away.
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Delta High School is a public high school located approximately 1.6 miles away.
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Delta Sda School is a private elementary and middle school located approximately 0.4 miles away.
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Delta Academy Of Applied Learning is a public elementary and middle school located approximately 0.5 miles away.
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Annual Tax Amount: 1186.88
Source Listing Status: Active
County: Delta
Current Use: Residential, Commercial
Directions: From Main Street head West onto 4th Street. House is on the Southwest corner of 4th and Palmer
Tax Year: 2023
Source Property Type: RESIDENTIAL
Possible Use: Residential, Commercial
Area: Delta
Source Neighborhood: Delta Original
Subdivision: Delta Original
Zoning: Residential Single Family
Property Subtype: Stick Built
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2021$15,454 + $1,149
$16,603
$1,051
2020$14,885 + $1,021
$15,906
$1,022
2019$14,885 + $1,021
$15,906
$1,011
2018$12,366 + $1,440
$13,806
$910
2017$12,366 + $1,440
$13,806
$884
2016$13,315 + $1,457
$14,772
$864
2015$13,315 + $1,457
$14,772
$853
2014$13,576 + $1,457
$15,033
$879
2013$13,576 + $1,457
$15,033
$872
2012$16,219 + $1,672
$17,891
$1,015
2011$16,219 + $1,672
$17,891
$1,014
2010$16,219 + $1,672
$17,891
$1,687
2009$28,181 + $3,425
$31,606
$1,671
2007$24,360 + $2,850
$27,210
$845
2002$11,729 + $1,393
$13,122
$670

Price Changed 2024-04-05
$399,000
CREN
Listed 2023-10-12
$440,000
CREN
Sold 2003-01-01
$166,000
Public Record
Sold 1999-01-01
$30,000
Public Record
Sold 1992-03-16
$50,000
Public Record
Sold 1984-06-07
$70,000
Public Record

Total Square Feet Living: 2950
Year Built: 1950
Building Exterior Type: Stone, Aluminum Siding
Construction Materials: Concrete/Block, Metal Frame, Stone
Property Age: 74
Property Attached: No
Roof: Composition
Levels or Stories: 2.5

Sewer: Public Sewer
Electric
Natural Gas
Internet
Phone - Cell Reception
Water Source: City Water
Water Well: No
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.