101 4th St, Frederick, CO 80530

$765,000
3,312
SqFt
Sold Price
$765,000
List Price
$725,000
Status
SOLD
MLS#
935599
Closing Date
May 05, 2021
Year Built
1980
Living Area
3,312
Lot Size
7,840
Subdivision
Frederick Town

Property Description

Rare apartments in Frederick. Identical building next door for sale at the same price. One block from downtown - easy to rent. 4th apartment rent could be increased. Professional property management fees not included in the income/expense numbers. Current manager is available to continue. Plenty of off street parking in back as well as on street parking in front. Across from nice City Park. Looking for a place to park some 1031 money? Buy one or both! GRM would drop to around 12 if 4th unit was brought up to the same rate as the others.

Additional Information

Taxes
$4,149
New Financing
Cash, Conventional
Capitalization Rate
6.22
Construction
Wood/Frame, Brick/Brick Veneer
Style
1 Story/Ranch
Property Views
Back Range/Snow Capped
Property Styles
1 Story/Ranch
School District
ST Vrain Dist RE 1J
Elementary School
Thunder Valley
Middle School
Coal Ridge
High School
Frederick
Lot Improvements
Street Paved, Curbs, Gutters, Sidewalks
Approximate Acreage
0.18
Heating
Forced Air
Utilities
Natural Gas, Electric
Basement Foundation
No Basement
Unit Ones Numberof Bedrooms
2
Gross Operating Income
55242.0000
Net Operating Income
$45,101
Total Operating Expense
10141.0000
Tenant Pays
Deposit, Gas, Electric
Parking Per Unit
1 Space/Unit
Total Numberof Units
4
Zoning
MRE
Locale
Frederick
Inclusions
Electric Range/Oven, Dishwasher, Refrigerator, Disposal, Smoke Alarm(s)
Road Access
City Street
Ownership
Private Owner
Possible Usage
Multi Family

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Coldwell Banker Realty-Boulder. Selling Office: .

The data relating to real estate for sale on this web site comes in part from Information and Real Estate Services, LLC under IRES Rules © Copyright IRES, and is provided for limited non-commercial use. Information is provided exclusively for consumers' personal use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are included in this site and detailed information about them includes the name of the listing brokers. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items.
Information deemed reliable but not guaranteed by the MLS
Listing data last updated: