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Off market

Buy a multi-family propertyat 306 Broadway Street, Sterling, CO 80751

$175,000

$0/mo

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Multifamily

2,032 Sq. Ft.

6,970 Sq. Ft. lot

2 Bathrooms

795 Days on market

IR979359 MLS ID

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About 306 Broadway Street multi-family property

Back on market due to no fault of seller! Welcome to 306 Broadway, where two quaint stucco homes become your next business investment! The larger home was built in 1912 and features a two bedroom, one bathroom rental with an unfinished basement and a detached garage. The unfinished basement also holds a laundry room, a non-conforming bedroom and a non-operating bathroom that could be restored. The back rental was built in 1954 and hosts another two bedroom, one bathroom rental. Both houses have separate laundry rooms and electrical meters. Current tenants are long-term and on month-to-month leases.
Back on market due to no fault of seller! Welcome to 306 Broadway, where two quaint stucco homes become your next business investment! The larger home was built in 1912 and features a two bedroom, one bathroom rental with an unfinished basement and a detached garage. The unfinished basement also holds a laundry room, a non-conforming bedroom and a non-operating bathroom that could be restored. The back rental was built in 1954 and hosts another two bedroom, one bathroom rental. Both houses have separate laundry rooms and electrical meters. Current tenants are long-term and on month-to-month leases.

Property details

Possession

"Closing/DOD"

Appliances and Equipment

"Dryer", "Oven", "Refrigerator", "Washer"

Basement

Basement

Basement Level Bathrooms: 0

Basement Level Bedrooms: 0

Basement: "Bath/Stubbed", "Partial"

Bathrooms

2 bathrooms on the main level

1 Full Bathroom

1 Three Quarter Bathroom

Bedrooms

1 bedroom on the main level

House

Above Grade Finished Area: 1552

Below Grade Finished Area: 480

Below Grade Unfinished Area: 0.00

Construction Materials: "Stucco", "Wood Frame"

Levels: "One"

Living Area: 2032

Occupant Type: Tenant

Room Count: 4

Total Area: 2032

Unit Count: 2

Year Built: 1912

2 total units

Disclosures

Attribution Contact: 3034581901

Exclusions: Renter's personal property

Expenses

Operating Expense: $4,468

Garage

1 garage space

Heating

Heating: "Forced Air"

Income

Gross Income: $1,500

Net Operating Income: $13,532

Projected Gross Operating Income: $18,000

Listing

Listing Contract Date: 2022-12-01

Listing Id: RECIR979359

Listing Terms: "Cash", "Conventional"

Mls Status: Pending

Off Market Date: 2023-01-28

Original List Price: $190,000

Price Change Timestamp: 2023-01-24 07:00:00

Purchase Contract Date: 2023-01-28

Standard Status: Pending

Status Change Timestamp: 2023-01-28 07:00:00

Location

City: Sterling

County Or Parish: Logan

Postal Code: 80751

Subdivision Name: BROADWAY ADDN

Lot

Acres: 0.16

Features: "Flood Zone"

Parcel Number: 4097000

Square Feet: 6970

Owner Pays

Ownership: Individual

Parking

Parking Count: 1

Parking Total: 1

Property

Possible Use: "Multi-Family", "Residential"

Property Sub Type: Duplex

Zoning: Residentia

Roof

Roof: "Metal"

Schools

High School: Sterling

Middle Or Junior School: Sterling

Elementary School: Campbell

High School District: Valley RE-1

Elementary School District: Valley RE-1

Sewer

Sewer: "Public Sewer"

Taxes

Annual Amount: 564.39

Legal Description: LOT 14 BLK 33 BROADWAY ADDN STERLING

Tax Year: 2021

Tenant Pays

Tenant Pays: "Electricity"

Utilities

Utilities: "Cable Available", "Electricity Available", "Natural Gas Available"

Water Source: "Public"

Monthly cost

Estimated monthly cost

$1,079/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$164,500

+$5,250

$169,750

Seller agent commission$5,250 (3%)*

$0 (0%)

Buyer agent commission$5,250 (3%)*

$5,250 (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 8:05 p.m.

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