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$318,000   Price Analysis
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406 W 4th Ave
Iliff, CO 80736
6 bed 5 bath 4,567 SqFt ($69/SqFt)
9,940SqFt lot. Built 1933
Listed 2024-04-10, Taxes $1,164
USDA Eligible
near Iliff, CO
 Restrictions may apply
due to home size

Welcome to your next investment opportunity in the town of Iliff

Colorado! This 4-plex offers a blend of comfort and convenie nce, making it an exceptional choice for investors or owner-occupiers. This property features four well-appointed units designed to meet a variety of lifestyle needs. Among them are three charming one-bedroom, one-bathroom units, providing cozy living spaces. Additionally, there's a sizeable three-bedroom, two-bathroom unit, perfect for those desiring extra space. A notable feature of this property is the convenience of a two-car attached garage, ensuring residents have ample parking space and easy access to their vehicles year-round.

Recent upgrades add value and appeal to this 4-plex. A brand-new roof and furnace offer peace of mind, minimizing maintenance concerns and enhancing energy efficiency for both the owner and tenants. Unit C shines with its recently updated bathroom, boasting modern fixtures and finishes that elevate the living experience. Each unit also enjoys its own separate fenced area, providing privacy and creating a sense of personal space for residents to relax and unwind outdoors. Whether you're looking to expand your nvestment portfolio or searching for a place to call home with the added benefit of rental income, this 4-plex in Iliff presents a rare opportunity not to be missed. Schedule a viewing today and discover the potential this property has to offer!


Presented by Erin Debus at
Town Square Realty.
Listing Agent Photo

Property MLS #1006757 from IRES

Bedrooms: 6

Total Bathrooms: 5
Full Bathrooms: 5

Electric Range/Oven
Gas Range/Oven
Refrigerator
Washer
Dryer

Heating Features: Forced Air
Heating: Yes

Balcony
Fencing: Partial, Wood

Lot Size Acres: 0.228191
Lot Size Square Feet: 9940

View: City

Association: No
Calculated Total Monthly Association Fees: 0

Elementary School: Caliche
Elementary School District: Valley RE 1
High School: Caliche
High School District: Valley RE 1
Middle School: Caliche
Middle or Junior School District: Valley RE 1

Caliche Junior-Senior High School is a public middle and high school located approximately 7.4 miles away.
directions icon Map directions

Caliche Elementary School is a public elementary school located approximately 7.4 miles away.
directions icon Map directions

Number of Units: 4
Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 1
Bedrooms in Unit-4: 3
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 2
Unit-1 Square Feet: 625
Unit-2 Square Feet: 466
Unit-3 Square Feet: 755
Unit-4 Square Feet: 1783
Unit 1 Total Actual Rent: 800
Unit 2 Total Actual Rent: 645
Unit 3 Total Actual Rent: 875
Unit 4 Total Actual Rent: 1350

Annual Tax Amount: 1194.74
Source Listing Status: Active
County: Logan
Tax Year: 2023
Source Property Type: Residential Income
Possible Use: Single Family, Multi-Family
Inclusions: Electric Range/Oven, Gas Range/Oven, Refrigerator, Clothes Washer, Clothes Dryer
Source Neighborhood: ORIGINAL ILIFF
Subdivision: ORIGINAL ILIFF
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2021$13,550 + $820
$14,370
$1,164
2020$14,140 + $720
$14,860
$1,278
2019$14,040 + $710
$14,750
$1,268
2018$11,700 + $150
$11,850
$1,035
2017$11,700 + $150
$11,850
$1,020
2016$10,690 + $190
$10,880
$925
2015$10,690 + $190
$10,880
$888
2014$10,150 + $260
$10,410
$897
2013$10,150 + $260
$10,410
$898
2012$10,160 + $260
$10,420
$898
2011$10,160 + $260
$10,420
$896
2010$10,110 + $260
$10,370
$890
2009$10,110 + $260
$10,370
$878
2007$3,930 + $250
$4,180
$367
2007$3,930 + $250
$4,180
$367

Price Changed 2024-05-16
$318,000
IRES
Listed 2024-04-10
$320,000
IRES
Listing removed 2022-02-24
$0
RentecDirect
Listed for rent 2022-02-07
$775
RentecDirect
Listing removed 2021-10-26
$0
RentecDirect
Listing removed 2021-10-19
$0
RentecDirect
Listed for rent 2021-09-23
$750
RentecDirect
Listed for rent 2021-09-23
$699
RentecDirect
Listing removed 2021-09-15
$0
RentecDirect
Listing removed 2021-09-15
$0
RentecDirect
Listed for rent 2021-09-08
$750
RentecDirect
Price Changed for rent 2021-08-25
$750
RentecDirect
Listed for rent 2021-08-17
$650
RentecDirect
Sold 2021-06-29
$250,000
IRES

Total Square Feet Living: 4567
Year Built: 1933
Construction Materials: Wood/Frame
Levels: Two
Property Age: 91
Property Condition: Not New, Previously Owned
Roof: Composition, Metal

Accessibility Features: Level Lot

Gas: Natural Gas, Black Hills
Sewer: City Sewer
Natural Gas Available
Water Source: City Water, Town of Iliff
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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.