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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