$8,206
closing credit¹
610 N Orchard Ave Unit A-D Canon City, CO 81212
Property details
About 610 N Orchard Ave Unit A-D
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!
Highlights
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Summary
- MLS Number: 5823825
- MLS Name: RoyalGorge
- Office Name: Coming Home Realty
- Office Phone: (719) 792-1111
- Listing Agent: Carla D. Braddy
Copyright Royal Gorge Association of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/5/2025, 11:16:00 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$691,000
610 N Orchard Ave Unit A-D
$8,206
closing credit¹
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Price information
Property sales
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Tax history
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Nearby schools
5
Washington Elementary School
Public District KG-5
1.3 mi
•606 N 9th St
6
Lincoln School of Science And Technology
Public District KG-5
2.0 mi
•420 Myrtle Ave
5
Fremont Elementary School
Public District KG-5
6.6 mi
•500 W 5th St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $39,145. Most Canon City, CO residents have annual incomes between $35k-100k. The most common type of family is single, no kids. Residents of this area typically have post secondary degree education.
This home is located at 610 N Orchard Ave Unit A-D in Canon City, CO and zip code 81212. Features: 8 bedrooms, 0 bathroom. It has been listed on Rocket Homes since January 28, 2025 and is currently priced at $691,000.
While more than 5 listings in Canon City, CO in January 2025 were sold above asking price, there were more than 3 listings sold at asking price, and more than 14 were sold below. The inventory of homes for sale in Canon City, CO between December and January 2025 increased by 12.4%. The median list price of listings available in January 2025 was $320,000, while the average time on the real estate market was 69 days.