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Buy a multi-family propertyat 1000 Arizona Ave, Trinidad, CO 81082

$580,000

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Multifamily

3,446 Sq. Ft.

6,534 Sq. Ft. lot

872 Days on market

4243690 MLS ID

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About 1000 Arizona Ave multi-family property

In addition to the main apartment bldg, there are 4 exterior rented storage units (included in the NOI calculation). One apartment needs additional renovations and another vacant unit (5th unit) also needs additional renovations. The 5th unit can be either leased as an apartment, or with a commercial use (corner unit, main level of the bldg). This property is being sold within a portfolio of 2 other residential rental properties. The estimated cost to complete the two vacant units and some miscellaneous work on the bldg is $75,000. All 3 (this one & 2 others) must be bought together. The total combined listing price for the portfolio is $900,000. The projected net operating income for the portfolio is $60,379 resulting in an estimated capitalization rate of approximately 7%. The MLS numbers on the other two properties are: 3952773 6003582
In addition to the main apartment bldg, there are 4 exterior rented storage units (included in the NOI calculation). One apartment needs additional renovations and another vacant unit (5th unit) also needs additional renovations. The 5th unit can be either leased as an apartment, or with a commercial use (corner unit, main level of the bldg). This property is being sold within a portfolio of 2 other residential rental properties. The estimated cost to complete the two vacant units and some miscellaneous work on the bldg is $75,000. All 3 (this one & 2 others) must be bought together. The total combined listing price for the portfolio is $900,000. The projected net operating income for the portfolio is $60,379 resulting in an estimated capitalization rate of approximately 7%. The MLS numbers on the other two properties are: 3952773 6003582

Property details

House

Above Grade Finished Area: 3446

Building Area Total: 3446

Construction Materials: "Stucco"

Total Sq Ft: 3446

Levels: "Two"

Living Area: 3446

Living Area Source: Assessor

Living Area Units: Square Feet

Stories: 2

Year Built: 1910

Appliances and Equipment

Appliances: "Dishwasher", "Refrigerator", "Disposal"

Bathrooms

Bathrooms Total Integer: 3

Bedrooms

Bedrooms Total: 4

Location

City: Trinidad

Country: US

County Or Parish: Las Animas

Locale: Trinidad

Latitude: 37.178509

Longitude: -104.508614

MLS Area Major: Out of Area

Postal Code: 81082

State Or Province: CO

Street Name: Arizona

Street Number: 1000

Street Suffix: Ave

Subdivision Name: Trinidad

Unparsed Address: 1000 Arizona Ave Trinidad CO 81082

Cooling

Cooling: "Evaporative Cooling"

Cooling YN: t

Garage

Covered Spaces: 8

Garage Spaces: 8

Garage YN: t

Garage Type: Off Street

Utilities

Electric: "Electric", "Separate Meter Electricity"

Utilities: "Electricity Available"

Schools

Elementary School: Las Animas

High School: Las Animas

High School District: Las Animas RE-1

Middle Or Junior School: Las Animas

Income

Gross Income: 100800

Net Operating Income: 71264

Heating

Heating: "Baseboard"

Heating YN: t

Property

Crops: None

Property Attached YN: t

Property Condition: "Fixer", "Not New, Previously Owned"

Property Sub Type: Attached Dwelling

Property Type: Residential Income

Taxes

Has Metro Tax District: No

Tax Annual Amount: 936

Tax Year: 2021

Water

Has Water Rights: No

Water Source: "City Water"

Listing

Price Per Sq Ft: 168.31

Listing Id: 4243690

Listing Terms: "Conventional"

List Price: 580000

Mls Status: Active

Number Of Units Total: 4

Standard Status: Active

Lot

Lot Features: "Corner Lot"

Lot Size Acres: 0.15

Lot Size Area: 6534

Lot Size Square Feet: 6534

Lot Size Units: Square Feet

Expenses

Operating Expense: 29536

Parking

Other Parking: Parking Per Unit(2 Spaces/Unit)

Tenant Pays

Tenant Pays: "Electricity"

Monthly cost

Estimated monthly cost

$3,575/mo

All calculations are estimates and provided by Unreal Estate, Inc. for informational purposes only. Actual amounts may vary.

Seller fees & commissions

Home sale price

$

Outstanding mortgage

$

Selling with traditional agent

Selling with Unreal Estate agent

Your total sale proceeds$545,200

+$17,400

$562,600

Seller agent commission$17,400 (3%)*

$0 (0%)

Buyer agent commission$17,400 (3%)*

$17,400 (3%)*

*Commissions are based on national averages and not intended to represent actual commissions of this property All calculations are estimates and provided by Unreal Estate, Inc. for informational purposes only. Actual amounts may vary.

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Unreal Estate checked: Sep 10, 2024 at 1:32 p.m.

Data updated: Mar 16, 2023 at 8:45 p.m.

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