Impressive 4-plex investment opportunity! This property is a great choice for investors looking for a solid return on investment. Market rent is $1100/mo/unit! With separate gas and electric hookups for each unit the landlord expenses associated with this property are minimal (average of $265/mo), allowing for maximum profitability. The units are well-maintained, spacious, and offer a great layout for comfortable living. In addition, this property presents an ideal opportunity for simple value-add improvements to further increase your ROI. As an added bonus, owner-occupant buyers with FHA or VA loans can take advantage of the property by living in one unit and renting out the others. This is a fantastic chance to expand your portfolio, or start investing to increase your passive income. Schedule your showing today! Call today to schedule a showing. Information deemed reliable but not guaranteed. Terms subject to change without notice. Buyer to verify all to satisfaction.
Sold for $515,000 on 12/29/23
$515,000
464-32 1/8 Rd, Clifton, CO 81520
8beds
4baths
3,610sqft
Quadruplex, Multi Family, Multi Family
Built in 1981
-- sqft lot
$559,100 Zestimate®
$143/sqft
$1,338 Estimated rent
Home value
$559,100
$526,000 - $587,000
$1,338/mo
Zestimate® history
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Owner options
Explore your selling options
What's special
Zillow last checked: 8 hours ago
Listing updated: January 02, 2024 at 02:12pm
Listed by:
RACHEL JUSTMAN 970-615-0201,
CENTURY 21 CAPROCK REAL ESTATE
Bought with:
MARIO RAMIREZ
NEXTHOME VIRTUAL
Source: GJARA,MLS#: 20231919
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Forced Air
Cooling
- Evaporative Cooling
Appliances
- Included: Electric Oven, Electric Range, Refrigerator
Features
- None
- Flooring: Carpet, Vinyl
- Basement: Crawl Space
- Has fireplace: No
Interior area
- Total structure area: 3,610
- Total interior livable area: 3,610 sqft
Property
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered, Deck
- Exterior features: None
Lot
- Size: 10,164 sqft
- Dimensions: 132 x 77
- Features: None, Other, See Remarks
Details
- Parcel number: 294314253018
- Zoning description: RMF-8
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Two Story,Fourplex
- Property subtype: Quadruplex, Multi Family, Multi Family
- Attached to another structure: Yes
Materials
- Wood Siding, Wood Frame
- Roof: Asphalt,Composition
Condition
- Year built: 1981
Utilities & green energy
- Sewer: Connected
- Water: Public
Community & neighborhood
Location
- Region: Clifton
- Subdivision: Moordale & Cond
Price history
| Date | Event | Price |
|---|---|---|
| 12/29/2023 | Sold | $515,000+3.2%$143/sqft |
Source: GJARA #20231919 | ||
| 11/27/2023 | Pending sale | $499,000$138/sqft |
Source: GJARA #20231919 | ||
| 11/6/2023 | Price change | $499,000-3.1%$138/sqft |
Source: GJARA #20231919 | ||
| 10/19/2023 | Price change | $515,000-1.9%$143/sqft |
Source: GJARA #20231919 | ||
| 9/29/2023 | Price change | $525,000-1.9%$145/sqft |
Source: GJARA #20231919 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,702 +0.6% | $28,350 +5.6% |
| 2024 | $1,692 +7% | $26,840 |
| 2023 | $1,581 -2.5% | $26,840 +28.5% |
Find assessor info on the county website
Neighborhood: 81520
Nearby schools
GreatSchools rating
- 3/10Rocky Mountain Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 5/10Mount Garfield Middle SchoolGrades: 6-8Distance: 3.1 mi
- 5/10Palisade High SchoolGrades: 9-12Distance: 5.2 mi
Schools provided by the listing agent
- Elementary: Rocky Mountain
- Middle: MT Garfield (Mesa County)
- High: Palisade
Source: GJARA. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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