830 Sherman Avenue Bldg , Unit

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Sold Ordway, CO 81063 MLS# 7769779 Sold by Renée Hassebroek on 05/19/2021
$475,000
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Multi-Family Property Type
12 Bedroom
8 Bathroom
0 Garage
5280.00 Sq Ft
0.39 Acres
1973 Year Built

Overview

This well-maintained, large 8-Plex is turn-key ready and offers great long term tenants! In addition to the perfect location, this money-maker offers a lot of parking, a corner lot, and paved roads. The Seller has made many, many upgrades, including new windows, hot water heaters, furnaces, and flooring!!! There are 4-2 bedroom units, which offer in-unit laundry hook-ups, and 4-1 bedroom units. The excellent rental history is a plus! Schedule a viewing today!

New Home Sales Hours

Courtesy Of RE/MAX Associates
Source: REcolorado

View On REcolorado

Upcoming Open Houses

    Features

    Leasing Information

    Leasing Details
    • Application Fee $
    • Availability Date
    • Corporate Rental?
    • Deposits Potentially Refundable
    • Existing Lease Type
    • Lease Amount $
    • Lease Description
    • Lease Duration
    • Liability Insurance Required
    • Owner Pays Grounds Care,Insurance,Taxes,Trash Collection,Water
    • Rent Deposit
    • Rental Application
    • Security Deposit $
    Pet Details
    • Pet Deposit
    • Pet Rent
    • Pets Allowed

    Interior Features

    Summary

    • Year Built Effective
    Basement Details
    • Basement? No
    • Basement
    • Basement Ceiling Height
    Fireplace Detail
    • Fireplace Features
    • No. of Fireplaces 0
    Square Foot Details
    • SqFt 5,280
    • Living Area, Finished 5,280
    • Above grade, Finished 5,280
    • Basement, Finished
    • Basement, Unfinished
    • PSF Total $89.96
    • PSF Finished $89.96
    • PSF Above Grade $89.96
    Use details
    • Leaseable Area
    • Office Area
    • Retail Area
    • Warehouse Area
    Other
    • Accessibility Features
    • Appliances Disposal,Dryer,Electric Water Heater,Oven,Range,Range Hood,Refrigerator,Washer
    • Building Class
    • Building Features
    • Ceiling Height
    • Common Walls 2+ Common Walls
    • Exclusions Washers and Dryers (except for the set in Unit 6--those will stay), tenant owned countertop microwaves and/or freezers.
    • Flooring Carpet,Laminate,Linoleum,Vinyl,Wood
    • Furnished
    • Interior Features Laminate Counters,No Stairs
    • Laundry Availability In Unit
    • Security Features Smoke Detector(s)
    • Spa Features
    • Window Features

    Room Details

    Bathroom Details Total Bathrooms: 8
    Bathroom Location Details
    Bedroom Location Details Total Bedrooms: 12
    More Room Details

    Unit Information

    Summary

    • Number of Units
    • Number of Units Furnished
    • Number of Units Vacant
    • Unit Features
    Single Unit Details
    • Unit Type 1 Bedroom
    • Total Units 1
    • Average Rent 620.00
    • Average SqFt 570.00
    • Dishwashers 0
    • Washers 0
    • Dryers 0
    • Hookups 0
    • Refrigerators 1
    • Stoves 1
    • Air Conditions 1
    • Fireplaces
    • Storage Units 0
    • Description Slab on grade
    • Actual Rent
    • Total Rent
    • Bedrooms Per Unit 1
    • Bathrooms per Unit 1
    • Parking Per Unit 1
    • Unit Type 1 Bedroom
    • Total Units 2
    • Average Rent 650.00
    • Average SqFt 570.00
    • Dishwashers 0
    • Washers 0
    • Dryers 0
    • Hookups 0
    • Refrigerators 1
    • Stoves 1
    • Air Conditions 1
    • Fireplaces
    • Storage Units 0
    • Description Slab on grade
    • Actual Rent
    • Total Rent
    • Bedrooms Per Unit 1
    • Bathrooms per Unit 1
    • Parking Per Unit 1
    • Unit Type 2 Bedroom
    • Total Units 3
    • Average Rent 495.00
    • Average SqFt 780.00
    • Dishwashers 0
    • Washers 1
    • Dryers 1
    • Hookups 1
    • Refrigerators 1
    • Stoves 1
    • Air Conditions 1
    • Fireplaces
    • Storage Units 0
    • Description Slab on grade
    • Actual Rent
    • Total Rent
    • Bedrooms Per Unit 2
    • Bathrooms per Unit 1
    • Parking Per Unit 2
    • Unit Type 2 Bedroom
    • Total Units 4
    • Average Rent 558.00
    • Average SqFt 780.00
    • Dishwashers 0
    • Washers 1
    • Dryers 1
    • Hookups 1
    • Refrigerators 1
    • Stoves 1
    • Air Conditions 1
    • Fireplaces
    • Storage Units 0
    • Description Slab on grade
    • Actual Rent
    • Total Rent
    • Bedrooms Per Unit 2
    • Bathrooms per Unit 1
    • Parking Per Unit 2
    • Unit Type 2 Bedroom
    • Total Units 5
    • Average Rent 683.00
    • Average SqFt 780.00
    • Dishwashers 0
    • Washers 1
    • Dryers 1
    • Hookups 1
    • Refrigerators 1
    • Stoves 1
    • Air Conditions 1
    • Fireplaces
    • Storage Units 0
    • Description Second story with view and wooden covered deck
    • Actual Rent
    • Total Rent
    • Bedrooms Per Unit 2
    • Bathrooms per Unit 1
    • Parking Per Unit 2
    • Unit Type 2 Bedroom
    • Total Units 6
    • Average Rent 600.00
    • Average SqFt 780.00
    • Dishwashers 0
    • Washers 1
    • Dryers 1
    • Hookups 1
    • Refrigerators 1
    • Stoves 1
    • Air Conditions 1
    • Fireplaces
    • Storage Units 0
    • Description Second story with view and wooden covered deck
    • Actual Rent
    • Total Rent
    • Bedrooms Per Unit 2
    • Bathrooms per Unit 1
    • Parking Per Unit 1
    • Unit Type 1 Bedroom
    • Total Units 7
    • Average Rent 300.00
    • Average SqFt 570.00
    • Dishwashers 0
    • Washers 0
    • Dryers 0
    • Hookups 0
    • Refrigerators 1
    • Stoves 1
    • Air Conditions 1
    • Fireplaces
    • Storage Units 0
    • Description Second story with view and wooden covered deck
    • Actual Rent
    • Total Rent
    • Bedrooms Per Unit 1
    • Bathrooms per Unit 1
    • Parking Per Unit 1
    • Unit Type 1 Bedroom
    • Total Units 8
    • Average Rent 425.00
    • Average SqFt 570.00
    • Dishwashers 0
    • Washers 0
    • Dryers 0
    • Hookups 0
    • Refrigerators 1
    • Stoves 1
    • Air Conditions 1
    • Fireplaces
    • Storage Units 0
    • Description Second story with view and wooden covered deck
    • Actual Rent
    • Total Rent
    • Bedrooms Per Unit 1
    • Bathrooms per Unit 1
    • Parking Per Unit 2

    Exterior/Lot Features

    Summary

    • Available Elevations
    • Entry Location
    • Faces East
    • Horse Amenities
    • Horse Property
    • Levels Two
    • Stories
    • Structure Type Duplex
    • Unit Floor #
    • View
    Builder Details
    • Builder
    •  
    • Completion Time From Groundbreaking
    • Model Type
    Construction details
    • Architecture Traditional
    • Construction Materials Block,Stucco
    • Foundation Details Block
    • Roof Tar/Gravel
    Exterior Details
    • Dock Features
    • Door Features
    • Exterior Features Balcony,Lighting
    • Fencing None
    • Number of Docks
    • Number of Doors
    • Number of Storage Units
    • Other Equipment
    • Other Structures
    • Patio And Porch Features Covered,Deck,Patio
    • Pool Features
    • Ski Features
    Livable Structure Details
    Lot Details​​​​​​​
    • Acres Leased
    • Crop Acres
    • Cultivated Acres
    • Features Corner Lot,Open Space
    • Irrigated Acres
    • Lot Number
    • Lot Size Acres 0.39
    • Lot Size Dimensions
    • Lot Size SqFt 16,858
    • Sq Ft
    • Pasture Acres
    • Price Per Acre $1,217,948.72
    • Vegetation
    • Waterfront Features
    Mobile Details
    • Make
    • Model
    • Body Type
    • Exterior Dimensions x
    • Skirt
    Outbuilding details
    • Type Shed(s)
    • SqFt
    • SqFt Finished 140.00
    • Number of Stories 1
    • Year Built
    • Number of Stalls
    • Number of Doors 2
    • Door Dimensions
    • Length 14.00
    • Width 10.00
    • Floor Wood
    • Features
    • Description Storage Shed
    Road details
    • Access
    • Road Responsibility Public Maintained Road
    • Road Surface

    Parking/Garage

    Parking Space Summary

    Parking Features
    Asphalt

    • Total Parking Spaces 12
    • Garage Spaces
    • Total Carport Spaces
    • Total Offstreet Spaces 12
    • Total Reserved Spaces 0
    • Total RV Spaces 0
    Parking Space Details

    Utilities & Green Home Features

    Summary

    • Cooling Air Conditioning-Room
    • Green Energy Efficient Appliances,Doors,Water Heater,Windows
    • Heating Forced Air,Natural Gas
    • HVAC Description
    Green Ratings
    Power Production Details
    Sewer
    • Sewer Public Sewer
    • Sewer Fee
    • Sewer Tap Paid YN
    Utilities details
    • Electric Service 110V,220 Volts
    • Gas Tap Fee
    • Gas Tap Paid YN
    • Utilities Cable Available,Electricity Available,Electricity Connected,Internet Access (Wired),Natural Gas Connected,Phone Connected
    Water / Well
    • Irrigation Source
    • Issued Well Permit Numbers
    • Water Available
    • Water Source Public
    • Well Type
    • Well Usage
    • Water Fees
    • Water Tap Paid?
    • Water/Mineral Rights

    Association Information

    HOA Summary

    • Amenities Completed
    • Amenities Opening
    • Association Amenities
    • Association(s) No
    • HOA Fee Includes
    • Total Annual HOA Fees $0
    1st HOA
    • HOA
    • Type
    • Fee $
    • Phone
    • Total Annual Fee $0.00
    • Website
    2nd HOA
    • HOA
    • Type
    • Fee $
    • Phone
    • Total Annual Fee $0.00
    • Website
    3rd HOA
    • HOA
    • Type
    • Fee $
    • Phone
    • Total Annual Fee $0.00
    • Website
    Restrictions & Covenants
    • Pets Allowed
    • Rentals Allowed
    • Restrictions
    • Restrictions Other
    • Restrictions/Covenants? No

    Financial Considerations

    Summary

    • Cap Rate 0.07
    • Cap Rate Calculation 37,500 / 500,000 = 7.5%
    Actual expense details
    • Annual Expenses Benefits
    • Annual Water Expense $
    • Association Fee Annual Expense $
    • Cable TV Expense $
    • CAM Fees $
    • Electric Expense $
    • Gas Expense $
    • Insurance Expense $
    • Internet Annual Expense $
    • Maintenance Expense $
    • Operating Expense $14,500
    • Operating Expense Includes Insurance,Maintenance,Other,Real Estate Tax
    • Other Expense
    • Payroll Annual Expense $
    • Personal Property Annual Expense $
    • Phone Annual Expense $
    • Professional Management Expense $
    • Real Estate Taxes $
    • Workmans Compensation Expense
    Commission Information
    • Buyer Agency Compensation 3%
    • Transaction Broker Compensation 3%
    • Compensation Offered
    • Dual Variable Compensation Yes
    • Commission Modified NA
    • Closing Comments
    Income details
    • Actual Annual Net Income $37,500
    • Gross Income $4,331
    • Income Includes
    • Income Includes Description
    Landleasing details
    • Land Lease Amount
    • Land Lease Amount Frequency
    • Land Lease?
    Projected
    • Other Annual Income $
    • Potential Rental Income Annual $
    • Projected Annual Expense $13,500
    • Projected Annual Net Income $50,700
    • Projected Gross Income $5,431
    • Projected Gross Operating Income $
    • Vacancy Credit Losses
    Tax details
    • Annual Tax $1,661
    • Legal Description Subdivision TOWN OF ORDWAY Lot 17,18,19,20,21 Block 5
    • Tax Exemptions
    • Tax ID 101-00058
    • Tax Year 2020
    Other
    • Tenant Pays Cable TV,Electricity,Gas,Internet,Telephone
    • Utilities Metering Separate Electric,Separate Gas
    • Utilities Paid By Tenant Direct Billing from Utility

    Neighborhood

    Summary

    • Building Name
    • Development Name
    • Park Name
    • Senior Community No
    • Subdivision Ordway
    New Home Community
    • Community Description
    • Community MLS #
    • Community Name
    • Community Opening
    • Community Website
    • Current Promotions
    • Development Status
    • Directions from Agent Once in Ordway, turn Left on Main St., turn Right on 9th St., Right on Sherman Ave.
    • Move In Date
    • New Home Available Options
    • New Home Land MLS #
    • New Home Plan MLS #
    Zoning Details
    • Current Use
    • Incorporated? No
    • Zoning R-2
    • Zoning Jurisdiction

    Other

    Business Details
    • Business Amenities
    • BusinessDescription
    • BusinessType
    • Year Established
    History
    • Original List Price $499,900
    Partial Ownership Details
    • Partial Ownership Amount
    • Week Remarks
    • Weeks Available
    Other
    • Home Warranty 0
    • Ownership Corporation/Trust
    • Possession Closing/DOD
    • Special Listing Conditions None Known
    • Year Built 1973

    Mortgage Calculator

    School Zone

    District: Crowley County RE-1-J
    Schools: Crowley County Elementary School, Crowley County High School, Crowley County Middle School

    Area Map

    Walk Score

    Bike Score

    Bike Score

    0 description
    Transit Score

    Transit Score

    0 description summary
    Walk Score

    Walk Score

    0 description
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