481 Main St, Springfield, CO 81073
Baca County
Key Facts
Description
Investment Opportunity! Add this 3-unit apartment building to your investment portfolio! With a mix of unit sizes and recent updates, this property offers excellent rental potential and room for future value. The building includes shared laundry hookups in a central common area, off-street parking for tenant convenience, and kitchen appliances in each unit. The units include: Unit 1: 1 bedroom, 1 bathroom on the main level. Unit 2: 2 bedrooms, 1 bathroom, plus a bonus room, located on the upper level. Unit 3: 1 bedroom, 1 bathroom, located on the main level at the rear of the building. The property has undergone some updates and is currently livable, providing an opportunity to generate rental income while continuing to make improvements and build equity. Whether you're a seasoned investor or just starting your portfolio, this multi-unit property is full of potential.
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Style
Two Story
Year Built
1926
Living Area
2,762 sq ft
Lot Size
0.29 acres
Lot Dimensions
100x125
Ownership
Seller
Zoning
R
Days on Market
1
MLS® Listing#
240955
Property Features
Appliances
Cooling
Heating
Fireplace
Basement
Parking
Patio
Construction
Roof
Windows
Security
Other Structures
Sewer
Water Source
Schools
- District:
- RE-4
Financial Details
HOA
None
Annual Taxes
$402
Parcel Number
R007878
Directions
Traveling on Main St. This property is located between the blocks of 4th & 5th Ave. on the West side of Main St.
Affordability Calculator
$24,000
Estimated monthly payment
$639/mo
Principal $96,000 · Est. interest $133,929 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Springfield, CO
- 287
- Median Days on Market
- 1,407
- Median Sq Ft
- $85
- Median Price / Sq Ft
- 14
- Active Listings
- Its price per sq ft is 49% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Springfield, CO.
Location
Map is currently unavailable for this location.
Points of Interest in Springfield, CO
Showing the Springfield area map.
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 833 Santa Fe St, Springfield, CO | $99,000 | 3 | 1 | 1,080 |
| 1204 Main St, Springfield, CO | $115,000 | 3 | 2 | 1,344 |
| 620 S 7th St, Springfield, CO | $134,999 | 4 | 2 | 1,967 |
Moving Cost Estimate
EXIT Agents in Springfield
Listing Courtesy: Mackey Realty - 7195294700, mackeyrealty@yahoo.com
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.