Active
505 Pierce Street Bldg , Unit
See all 31 Photos Active Erie, CO 80516
MLS# 9618087
Listed by Jon Cole on 02/17/2023
Multi-Family Property Type
10 Bedroom
4 Bathroom
0 Garage
4380.00 Sq Ft
0.17 Acres
1976 Year Built
Overview
Incredible opportunity to own a rare 4 unit building in the heart of Erie! Just one block from restaurants, breweries, coffee shops and more! This 4-plex boasts two updated units with new cabinets, LVP flooring, granite counters and more, and two units with value-add opportunity. Two 3 bedroom units, and two 2 bedroom units. Ample off-street parking. All units are separately metered for gas and electric. Increase rents to market rate to boost cash-flow, OR consider converting one or more units to Short Term Rental.
New Home Sales Hours
Courtesy Of Your Castle Real Estate Inc
Source: REcolorado
Upcoming Open Houses
Virtual 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 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
Square Foot Details
- SqFt 4,380
- Living Area, Finished 4,380
- Above grade, Finished 4,380
- Basement, Finished
- Basement, Unfinished
- PSF Total $296.58
- PSF Finished $296.58
- PSF Above Grade $296.58
Use details
- Leaseable Area
- Office Area
- Retail Area
- Warehouse Area
Other
- Accessibility Features
- Appliances Cooktop,Dishwasher,Oven,Refrigerator
- Building Class
- Building Features
- Ceiling Height
- Common Walls
- Exclusions Tenants personal property.
- Flooring Carpet,Laminate
- Furnished
- Interior Features Breakfast Nook
- Laundry Availability
- Security Features
- Spa Features
- Window Features
Room Details
Bathroom Details Total Bathrooms: 4
- Full Baths 1/2 Baths 1/4 Baths 3/4 Baths
- Total Bathrooms
Bathroom Location Details
- Main Level Upper Level Lower Level Basement
Bedroom Location Details Total Bedrooms: 10
- Main Level Upper Level Lower Level Basement
More Room Details
- Room Level Room Type Room Description Room Width Room Length
Unit Information
Summary
- Number of Units
- Number of Units Furnished
- Number of Units Vacant
- Unit Features
Single Unit Details
- Unit Type 3 Bedroom
- Total Units 1
- Average Rent 1500.00
- Average SqFt
- Dishwashers 1
- Washers
- Dryers
- Hookups
- Refrigerators 1
- Stoves 1
- Air Conditions
- Fireplaces
- Storage Units
- Description
- Actual Rent
- Total Rent
- Bedrooms Per Unit 3
- Bathrooms per Unit 1
- Parking Per Unit
- Unit Type 2 Bedroom
- Total Units 1
- Average Rent 1000.00
- Average SqFt
- Dishwashers 1
- Washers
- Dryers
- Hookups
- Refrigerators 1
- Stoves 1
- Air Conditions
- Fireplaces
- Storage Units
- Description
- Actual Rent
- Total Rent
- Bedrooms Per Unit 2
- Bathrooms per Unit 1
- Parking Per Unit
- Unit Type 3 Bedroom
- Total Units 1
- Average Rent 1450.00
- Average SqFt
- Dishwashers 1
- Washers
- Dryers
- Hookups
- Refrigerators 1
- Stoves 1
- Air Conditions
- Fireplaces
- Storage Units
- Description
- Actual Rent
- Total Rent
- Bedrooms Per Unit 3
- Bathrooms per Unit 1
- Parking Per Unit
- Unit Type 2 Bedroom
- Total Units 1
- Average Rent 1250.00
- Average SqFt
- Dishwashers 1
- Washers
- Dryers
- Hookups
- Refrigerators 1
- Stoves 1
- Air Conditions
- Fireplaces
- Storage Units
- Description
- Actual Rent
- Total Rent
- Bedrooms Per Unit 2
- Bathrooms per Unit 1
- Parking Per Unit
Exterior/Lot Features
Summary
- Available Elevations
- Entry Location
- Faces
- Horse Amenities
- Horse Property
- Levels Two
- Stories
- Structure Type Quadruplex
- Unit Floor #
- View
Builder Details
- Builder
- Completion Time From Groundbreaking
- Model Type
Construction details
- Architecture
- Construction Materials Brick
- Foundation Details
- Roof Composition
Exterior Details
- Dock Features
- Door Features
- Exterior Features
- Fencing
- Number of Docks
- Number of Doors
- Number of Storage Units
- Other Equipment
- Other Structures
- Patio And Porch Features
- Pool Features
- Ski Features
Livable Structure Details
- Type Bedrooms Bathooms Sq Ft Flooring Description
Lot Details
- Acres Leased
- Crop Acres
- Cultivated Acres
- Features
- Irrigated Acres
- Lot Number
- Lot Size Acres 0.17
- Lot Size Dimensions
- Lot Size SqFt 7,500
- Sq Ft
- Pasture Acres
- Price Per Acre $7,641,176.47
- Vegetation
- Waterfront Features
Mobile Details
- Make
- Model
- Body Type
- Exterior Dimensions x
- Skirt
Outbuilding details
Road details
- Access
- Road Responsibility
- Road Surface
Parking/Garage
Parking Space Summary
- Parking Features
- Total Parking Spaces 8
- Garage Spaces
- Total Carport Spaces
- Total Offstreet Spaces 8
- Total Reserved Spaces 0
- Total RV Spaces 0
Parking Space Details
Utilities & Green Home Features
Summary
- Cooling None
- Green Energy Efficient
- Heating Forced Air
- HVAC Description
Green Ratings
- Green Certification Level Certified Year Certified Score
Power Production Details
- Type Size Year Installed Ownership Lease Amount Purchase Agreement Amount
Sewer
- Sewer Public Sewer
- Sewer Fee
- Sewer Tap Paid YN
Utilities details
- Electric Service
- Gas Tap Fee
- Gas Tap Paid YN
- Utilities
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
Financial Considerations
Summary
- Cap Rate
- Cap Rate Calculation
Actual expense details
- Operating Expense $16868.00
- Operating Expense Includes Insurance,Maintenance,Professional Management,Real Estate Tax
Commission Information
- Buyer Agency Compensation 2.80%
- Compensation Offered
- Dual Variable Compensation No
- Commission Modified
- Closing Comments
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Income details
- Actual Annual Net Income $45,532
- Gross Income $62,400
- 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 $14,750
- Projected Annual Net Income $60,250
- Projected Gross Income $75,000
- Projected Gross Operating Income $
- Projected Gross Scheduled Income $
- Vacancy Credit Losses
Tax details
- Annual Tax $5,301
- Legal Description ERI 24451 L31-32 BLK13
- Tax Exemptions
- Tax ID R5757286
- Tax Year 2021
Other
- Tenant Pays Electricity,Gas
- Utilities Metering Common Water,Separate Electric,Separate Gas
- Utilities Paid By Tenant Direct Billing from Utility
Neighborhood
Summary
- Building Name
- Development Name
- Park Name
- Senior Community No
- Subdivision Erie
New Home Community
Zoning Details
- Current Use
- Incorporated? No
- Zoning
- Zoning Jurisdiction
Other
Business Details
- Business Amenities
- BusinessDescription
- BusinessType
- Year Established
History
- Original List Price $1,325,000
Partial Ownership Details
- Partial Ownership Amount
- Week Remarks
- Weeks Available
Other
- Home Warranty
- Ownership Corporation/Trust
- Possession Closing/DOD
- Special Listing Conditions None Known
- Year Built 1976
This REALTOR? is a member of the National Association of REALTORS?
Your Castle Real Estate Inc
CO-LISTING AGENT
iMPACT Team
Your Castle Real Estate Inc
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School Zone
District: St. Vrain Valley RE-1J
Schools: Erie Elementary School, Erie High School, Erie Middle School
Area Map
Walk Score
Bike Score
0
description
Transit Score
0
description
summary
Walk Score
0
description
Demographics
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Multi-Family 2 /properties/Listing_2030991283+505+Pierce+Erie+CO+80516-recolorado2030991283.html
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- Phone: (303) 850-9576
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