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!
Virtual Tours for 610 Orchard Canon City, CO
Lot & Building Features
AppliancesRefrigerator, Washer, Dryer
StyleRanch
HeatingForced Air
CoolingEvaporative Cooling
SewerCity Sewer, Public Sewer
Tax Year2023
WaterCity Water
Community and Schools
Elementary SchoolHarrison
Junior High SchoolHarrison
Senior High SchoolCanon City
Price History of 610 Orchard, Canon City, CO
Date
Name
Price
Difference
01/23/2025
Listing Price
$691,000
N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
610 Orchard (MLS #4822661) is a ranch residential income listing located in Canon City, CO.
This residential income listing is 4,160 sqft and on a lot of 18,257 sqft (or 0.42 acres) with 8 bedrooms, 4 baths and is 48 years old. This property was listed on 01/23/2025 and has been priced for sale at $691,000.
Nearby zip codes are 81226. This property neighbors other cities such as Florence.
Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.
All information provided is deemed reliable but is not guaranteed and should be independently verified.
Listing information courtesy of: Coming Home Realty, LLC