45
See all 44 photos
$676,000
Est. payment /mo
8 Beds
4 Baths
4,160 SqFt
Price Dropped by $5K
610 N Orchard Ave Canon City, CO 81212
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Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,160 sqft
Price per Sqft $162
Subdivision West Of Pueblo County
MLS Listing ID 229759
Style Ranch
Bedrooms 8
Full Baths 4
HOA Y/N No
Year Built 1977
Annual Tax Amount $2,048
Lot Size 0.419 Acres
Acres 0.419
Lot Dimensions 87x220
Property Sub-Type Fourplex
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 Arkansas Valley
Zoning R-3
Rooms
Basement No Basement
Interior
Interior Features None
Exterior
Exterior Feature None
Schools
School District Re-1
Others
SqFt Source Court House
Virtual Tour https://my.matterport.com/show/?m=vSf4tYqp6st&brand=0&mls=1&
Listed by Carla Braddy • Real Broker, LLC DBA REAL