502-506 Poplar Street

Sterling, CO 80751
Square Ft.
2,520
$325,000
Well-maintained tri-plex investment opportunity with a proven track record of consistent, long-term renters. This property offers immediate income with a solid 6-8% cash-on-cash return, making it an ideal addition to any investor's portfolio. Units have been well cared for, minimizing deferred maintenance and maximizing stability. A true turnkey asset forRead MoreRead Less
Market LogoCourtesy of Area Wide Realty, LLC [email protected]
Listing Snapshot
Days Online
68
Last Updated
Property Type
Triplex
Square Ft.
2,520
Lot Size
0.33 Acres
Year Built
1955
MLS Number
IR1052165
30 Days Snapshot Of 80751
$266k
+8%
(avg) sold price
28
+100%
homes sold
111
-40%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road Surface Type: "Paved"
Appliances & Equipment
"Oven", "Refrigerator"
Basement
"Crawl Space", "None", Bedrooms: 0
Building
Construction Materials: "Frame", Levels: "One", Occupant Type: Tenant, Total Area: 2520, Unit Count: 1, Unit Types: "Array", Built in 1955, 3 total units
Cooling
Cooling: "Ceiling Fan(s)"
Disclosures
Exclusions: any and all personal property of seller/tenants
Expenses
Operating Expense: $11,572
Fence
Fencing: "Fenced"
Heating
Heating: "Forced Air"
Heating & Cooling
Description: Ceiling Fan
Income
Gross Income: $1,050, Net Operating Income: $26,228, Projected Gross Operating Income: $37,800
Lot
Acres: 0.33, Features: "Corner Lot", "Level", Parcel Number: 38052529451002, Square Feet: 14575
Owner Pays
Ownership: Individual
Property
Possible Use: "Multi-Family", Property Sub Type: Triplex, Zoning: R1
Roof
Roof: "Composition"
Sewer
Sewer: "Public Sewer"
Taxes
Annual Amount: 2072, Legal Description: LOT 2 POPLAR AND FIFTH REPLAT OF LOTS 1-6 POPLAR PLACE SUBD BLK 32 K&S ADDN, Tax Year: 2025
Tenant Pays
Tenant Pays: "Electricity", "Gas"
Utilities
Utilities: "Electricity Available", "Natural Gas Available", Water Source: "Public"
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Big Frontier Group
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Listings courtesy of METROLIST, INC., DBA RECOLORADO® as distributed by MLS GRID, based on information submitted to the MLS GRID as of . Information is provided exclusively for consumers' personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may be listed or sold by various participants in the MLS, who may not be the office/agent presenting the information.