490 E Elm Street

Elizabeth, CO 80107
Square Ft.
5,200
$1,000,000
Fantastic investment opportunity with in-place management and a fully stabilized rent roll. This well-maintained 8-unit property features a balanced unit mix of four 1 Bedroom-1 Bath units, four 2 Bedroom-2 Bath units, coin operated washer and dryer. Property is right in town, appealing to a broad tenant base and supportingRead MoreRead Less
Market LogoCourtesy of Shift Real Estate LLC [email protected]
Listing Snapshot
Days Online
53
Last Updated
Property Type
Multi Family
Square Ft.
5,200
Lot Size
0.43 Acres
Year Built
1973
MLS Number
2503097
30 Days Snapshot Of 80107
$716k
+7%
(avg) sold price
37
0%
homes sold
124
+12%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road Surface Type: "Paved"
Building
Construction Materials: "Frame", "Wood Siding", Effective Year Built: 1983, Features: "Coin Laundry", "Laundry", Occupant Type: Tenant, Stories: 2, Structure Type: "Low Rise (1-3)", Total Area: 5200, Unit Count: 2, Unit Types: "Array", "Array", Built in 1973, 8 total units
Disclosures
Exclusions: Tenant's personal items.
Expenses
Operating Expense Includes: "Insurance", "Maintenance", "Professional Management", "Real Estate Tax", Operating Expense: $45,428, Projected Annual Expense: $47,878
Exterior Features
Features: "Lighting"
Home Owner's Association
Association Fee Total Annual: $0, Association Fee Annual: 0.00, Association Fee 2 Annual Expense: 0.00, Association Fee 3 Annual Expense: 0.00
Income
Actual Annual Net Income: 77147.00, Gross Income: $129,027, Projected Annual Net Income: $129,027, Projected Gross Income: $130,279
Lot
Acres: 0.43, Area: 18816, Features: "Greenbelt", Parcel Number: R108664, Square Feet: 18816
Energy Saving
Green Verification Count: 0
Owner Pays
Owner Pays: "Gas", "Taxes", "Trash Collection", "Water"
Parking
Parking Total: 19, Carport Spaces: 0, Offstreet Spaces: 19, Reserved Spaces: 0, RV Spaces: 0, Parking Count: 1, Parking Ratio: 2.37, Features: "Asphalt"
Property
Current Use: "Commercial", Property Sub Type: Multi Family, Zoning: R-3
Roof
Roof: "Composition"
Security Features
Features: "Smoke Detector(s)"
Sewer
Sewer: "Public Sewer"
Taxes
Annual Amount: 6593.9, Legal Description: SECTION: 18 TOWNSHIP: 8 RANGE: 64SUBDIVISION: ELIZABETH KRISTIN CONDO UNIT: 1, Tax Year: 2025
Tenant Pays
Tenant Pays: "Cable TV", "Electricity", "Internet"
Utilities
Power Production Count: 0, Utilities: "Cable Available", "Electricity Connected", "Natural Gas Connected", "Sewer Connected", Water Included, Water Source: "Public"
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Scott Castro
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Listings courtesy of METROLIST, INC., DBA RECOLORADO® as distributed by MLS GRID, based on information submitted to the MLS GRID as of . Information is provided exclusively for consumers' personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may be listed or sold by various participants in the MLS, who may not be the office/agent presenting the information.