Active

610 N Orchard Ave

Canon City CO, 81212

$681,000


$163.70 per sqft

Active

8 Beds

4 Baths

4,160 sqft

Multi-family

Built in 1977

Discover this unique investment that combines multiple wealth-building strategies!! This centrally located four-plex property offers a powerhouse of potential: it is within an Opportunity Zone (OZ), has potential for house hacking, building passive income, and/or seeking tax advantages by deferring or eliminating capital gains taxes and/or reducing taxable appreciation. Utilize house hacking by living in one unit and rent the others. Let your tenants pay down your mortgage while you build equity. These 2BDR, 1BA units have a stellar rental history. Three of the 4 units had new furnaces installed in 2017, and a new class 4 shingled roof was installed in 2024. This property is very clean and has been very well-maintained. Since 2017, no pets have been in any of the units. These units are highly livable, each with 1040 s.f. and notably each has a nice-sized living room/dining room/kitchen combo and spacious bedrooms. Parking spots are in a dedicated paved parking lot. There is a large storage shed that the current owner uses to store maintenance tools and supplies. This property is located in an economic Opportunity Zone, which is designed to encourage development and as the area evolves, property values are projected to rise making this a win-win for cash flow and appreciation. Want to learn more about how to make this 4-plex your next investment? Reach out to learn more and come take a look today!

229759

MLS ID

January 23, 2025

Listed

February 19, 2025

Updated

Interior Features

Bedrooms

8


Total Bathrooms

4


Interior Features

None


Appliances

Refrigerator-All, Washer-All, Dryer-All, Other-See Remarks


Fireplace

Yes


Fireplace Description

Gas Log(s)-None, Wood Stove-None, None, Pellet-None


Cooling

Yes


Cooling Description

Roof Evap


Heating

Yes


Heating Description

Forced Air

Exterior/Building Features

Lot Size

0.42 Acres


Exterior Features

None


Architectural Style

Ranch


Roof

Composition


Patio And Porch

None


Window

Single Pane

School Information

School District

RE-1

Other Property Details

Area Name

Arkansas Valley


Taxes

$2,048


Tax Frequency

Annually


Days on Market

30


Garage

No


Parking

No Garage


Parking Total

0


View

No


County

Fremont


Zoning

R-3

Listing History

Date

Event

Price

2/19/2025

Price change

$681,000

-2%

Courtesy of Real Broker, LLC DBA REAL, Carla Braddy,
Listing Contact: 7208072890 

IDX information is provided exclusively for consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.  The data is deemed reliable but is not guaranteed accurate
by the MLS.

 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Team Gary Miller shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

 

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