8
See all 8 photos
$1,050,000
Est. payment /mo
0.39 Acres Lot
New
611 N 4th ST Sterling, CO 80751
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Key Details
Property Type Multi-Family, Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 5815950
HOA Y/N No
Year Built 1965
Lot Size 0.390 Acres
Acres 0.39
Property Sub-Type Multi Family
Property Description
611 N 4th St is a two story, 12 unit apartment building on a residential block just north of downtown Sterling, within walking distance of the downtown business district. Every unit is a two bedroom, one bath apartment with its entry off a covered exterior walkway, and the property includes an on site laundry room. Tenants pay their own electric and cable. The property is 100% occupied and produced $72,768 in net operating income over the trailing 12 months, a 6.9% cap rate at the $1,050,000 asking price. Rental demand is supported by nearby Northeastern Junior College, Sterling Regional MedCenter and other major local employers.
Location
State CO
County Logan
Zoning City of Sterling, buyer t
Exterior
Utilities Available Electricity Connected, Sewer Connected
Waterfront Description Public
Private Pool No
Building
Sewer Public Sewer
Water Public
Others
Tax ID 38052529410016
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed byInnovate Commercial Real Estate LLC
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