610 N Orchard AVE #A-D new Save Request In-Person Tour Request Virtual Tour
Canon City,CO 81212
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 3949723
HOA Y/N No
Year Built 1977
Annual Tax Amount $1,977
Tax Year 2023
Lot Size 0.419 Acres
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 Anderson
Interior
Cooling Evaporative Cooling
Fireplaces Number 1
Fireplaces Type None
Laundry Electric Hook-up
Exterior
Utilities Available Electricity Connected,Natural Gas Connected
Building
Foundation Not Applicable
Water Municipal
Structure Type Brick,Framed on Lot
Schools
School District Canon City Re-1
Others
Special Listing Condition Established Rental History,See Show/Agent Remarks
Unit 1
Sqft 1040
Beds 2
Baths 1
Rent Price 1000
Occupied Y
Furnished N
Unit 4
Sqft 1040
Beds 2
Baths 1
Rent Price 1060
Occupied Y
Furnished N
Unit 3
Sqft 1040
Beds 2
Baths 1
Occupied N
Furnished N
Unit 2
Sqft 1040
Beds 2
Baths 1
Rent Price 1150
Occupied Y
Furnished N