HomeMy WebLinkAbout20192768.tiffAugust 6, 2019
Petitioner:
ADDYS RENTALS LLC
7610 W 19TH STREET RD
GREELEY, CO 80634-8628
CLERK TO THE BOARD
PHONE (970) 400-4226
FAX (970) 336-7233
WEBSITE: www.weldgov.com
1150 O STREET
P.O. BOX 758
GREELEY CO 80632
Agent (if applicable):
RE: THE BOARD OF EQUALIZATION 2019, WELD COUNTY, COLORADO
NOTICE OF DECISION
Docket 2019-2768 Appeal 2008224401 Hearing 8/5/2019
Dear Petitioner:
On the day indicated above, the Board of County Commissioners of Weld County Colorado convened and
acting as the Board of Equalization, pursuant to C.R.S. §39-8-101 et seq., considered petition for appeal of
the Weld County Assessor's valuation of your property described above, for the year 2019.
Account # Decision
The Assessment and valuation is set as follows:
Actual Value as Actual Value as Set by
Determined by Assessor Board
R0953586 Stipulated - Approved
Stipulated Value
$432,000 $295,200
A denial of a petition, in whole or in part, by the Board of Equalization must be appealed within thirty (30)
days of the date the denial is mailed to you. You must select only one of the following three (3)
options for appeal:
1. Appeal to Board of Assessment Appeals: You have the right to appeal the County Board of
Equalization's decision to the Colorado Board of Assessment Appeals. A hearing before that Board
will be the last time you may present testimony or exhibits or other evidence, or call witnesses in
support of your valuation. If the decision of the Board of Assessment Appeals is further appealed to
the Court of Appeals pursuant to C.R.S. §39-8-108(2), only the record of proceedings from your
hearing before the Board of Assessment Appeals and your legal brief are filed with the appellate
court.
All appeals to the Board of Assessment Appeals filed after August 10, 2019, MUST comply with the
following provisions of C.R.S. §39-8-107(5):
(5)(a)(I) On and after August 10, 2019, in addition to any other requirements under law, any petitioner
appealing either a valuation of rent -producing commercial real property to the Board of Assessment Appeals
pursuant to C.R.S. §39-8-108(1) or a denial of an abatement of taxes pursuant to C.R.S. §39-10-114 shall
provide to the County Board of Equalization or to the Board of County Commissioners of the County in the
case of an abatement, and not to the Board of Assessment Appeals, the following information, if applicable:
(A) Actual annual rental income for two full years including the base year for the relevant property tax year;
(B) Tenant reimbursements for two full years including the base year for the relevant property tax year;
(C) Itemized expenses for two full years including the base year for the relevant property tax year; and
(D) Rent roll data, including the name of any tenants, the address, unit, or suite number of the subject
property, lease start and end dates, option terms, base rent, square footage leased, and vacant space for
two full years including the base year for the relevant property tax year.
(II) The petitioner shall provide the information required by subparagraph (I) of this paragraph (a) within
ninety days after the appeal has been filed with the Board of Assessment Appeals.
(b)(I) The Assessor, the County Board of Equalization, or the Board of County Commissioners of the
County, as applicable, shall, upon request made by the petitioner, provide to a petitioner who has filed an
appeal with the Board of Assessment Appeals not more than ninety days after receipt of the petitioner's
request, the following information:
(A) All of the underlying data used by the county in calculating the value of the subject property that is being
appealed, including the capitalization rate for such property; and
(B) The names of any commercially available and copyrighted publications used in calculating the value of
the subject property.
(II) The party providing the information to the petitioner pursuant to subparagraph (I) of this paragraph (b)
shall redact all confidential information contained therein.
(c) If a petitioner fails to provide the information required by subparagraph (I) of paragraph (a) of this
subsection (5) by the deadline specified in subparagraph (II) of said paragraph (a), the County may move
the Board of Assessment Appeals to compel disclosure and to issue appropriate sanctions for
noncompliance with such order. The motion may be made directly by the County Attorney and shall be
accompanied by a certification that the County Assessor or the County Board of Equalization has in good
faith conferred or attempted to confer with such petitioner in an effort to obtain the information without action
by the Board of Assessment Appeals. If an order compelling disclosure is issued under this paragraph (c)
and the petitioner fails to comply with such order, the Board of Assessment Appeals may make such orders
in regard to the noncompliance as are just and reasonable under the circumstances, including an order
dismissing the action or the entry of a judgment by default against the petitioner. Interest due the taxpayer
shall cease to accrue as of the date the order compelling disclosure is issued, and the accrual of interest
shall resume as of the date the contested information has been provided by the taxpayer.
Appeals to the Board of Assessment Appeals must be made on forms furnished by that Board, and must be
mailed or delivered within thirty (30) days of the date the denial by the Board of Equalization is mailed to
you.
The address and telephone number of the Board of Assessment Appeals are:
Board of Assessment Appeals
1313 Sherman Street, Room 315
Denver, Colorado 80203
Telephone Number: (303) 864-7710
Email: baa@state.co.us
Fees for Appeal to the Board of Assessment Appeals: A taxpayer representing himself is not charged for the
first two (2) appeals to the Board of Assessment Appeals. A taxpayer represented by an attorney or agent
must pay a fee of $101.25 per appeal.
OR
2. Appeal to District Court: You have the right to appeal the decision of the Board of Equalization to the
District Court of the county wherein your property is located: in this case that is Weld County District
Court. A hearing before The District Court will be the last time you may present testimony or exhibits
or other evidence, or call witnesses in support of your valuation. If the decision of the District Court is
further appealed to the Court of Appeals pursuant to C.R.S. §39-8-108(1), the rules of Colorado
appellate review and C.R.S. §24-4-106(9), govern the process.
OR
3. Binding Arbitration: You have the right to submit your case to binding arbitration. If you choose this
option, the arbitrator's decision is final and you have no further right to appeal your current
valuation. C.R.S. §39-8-108.5 governs this process. The arbitration process involves the following:
a. Select an Arbitrator: You must notify the Board of Equalization that you will pursue
arbitration. You and the Board of Equalization will select an arbitrator from the official list of
qualified people. If you cannot agree on an arbitrator, the District Court of the county in which
the property is located (i.e. Weld) will select the arbitrator.
b. Arbitration Hearing Procedure: Arbitration hearings are held within sixty (60) days from the
date the arbitrator is selected, and are set by the arbitrator. Both you and the Board of
Equalization are entitled to participate in the hearing. The hearing is informal. The arbitrator
has the authority to issue subpoenas for witnesses, books, records documents and other
evidence pertaining to the value of the property. The arbitrator also has the authority to
administer oaths, and determine all questions of law and fact presented to him. The
arbitration hearing may be confidential and closed to the public if you and the Board of
Equalization agree. The arbitrator's decision must be delivered personally or by registered
mail within ten (10) days of the arbitration hearing.
c. Fees and Expenses: The arbitrator's fees and expenses are agreed upon by you and the
Board of Equalization. In the case of residential real property, the fess may not exceed
$150.00 per case. For cases other than residential real property, the arbitrator's total fees
and expenses are agreed to by you and Board of Equalization, but are paid by the parties as
ordered by the arbitrator.
If you have questions concerning the above information, please call me at (970) 400-4226.
Very truly yours,
BOARD OF EQUALIZATION
C.o�LV ViL� �/GZ
Esther E. Gesick
Clerk to the Board
Weld County Board of Commissioners
and Board of Equalization
cc: Brenda Dones, Weld County Assessor
COUNTY BOARD OF EQUALIZATION
WELD COUNTY
Single County Schedule Number R0953586
STIPULATION (As To Tax Year 2019 Actual Value)
RE PETITION OF :
NAME:
ADDRESS:
Addys Rentals LLC
7610 W 19th Street Rd
Greeley, CO
80634
Petitioner (s) and the Weld County Assessor hereby enter into this Stipulation
regarding the tax year 2019 valuation of the subject property, and jointly move the
Board of Equalization to enter its order based on this Stipulation.
Petitioner (s) and Assessor agree and stipulate as follows:
1. The property subject to this Stipulation is described as:
ETN 14193 L12-13 BLK 31
2. The subject property is classified as Residential property.
3. The County Assessor originally assigned the following actual value to the
subject property for the tax year 2019
Total $432,000
4. After further review and negotiation, Petitioner (s) and Weld County Assessor
agree to the following tax year 2019 actual value for the subject property:
Total $295,200
5. The valuation, as established above, shall be binding only with respect to tax
year2019
6. Brief narrative as to why the reduction was made:
Further review of sales and rents of properties.
7. Both parties agree that:
nThe hearing scheduled before the Board of Equalization on
at be vacated.
71A hearing has not yet been scheduled before the Board of Equalization.
1
ad lq-a1Gg
Aso 103
DATED this 12
day of July
, 2019 ,
Thomas T Smerad
Thomas J Smerud tJul 12. 2:9, .�
Petitioner(s) or Agent or Attorney
Address:
7610 W 19th Street Rd
Greeley, CO 80634
Telephone: 9703962289
Docket Number R0953586
Stip-1.Frm
(Assistant) County Attorney for
Respondent, Weld County Board of
Commissioners
Address:
1150 "O" Street
P.O. Box 758
Greeley, CO 80632
Telephone:(970) 336-7235
County Assessor
Address:
1400 N.17th Avenue
Greeley, CO 80631
Telephone: (970) 400-3650
2
R0953586/Addys Rentals LLC
Final Audit Report
2019-07-14
Created: 2019-07-12
By: Debra Jakino (djakino@co.weld.co.us)
Status: Signed
Transaction ID: CBJCHBCAABAAHEmuGeYZuS3x9NKE5fJNx2et7zUEMpiQ
"R0953586/Addys Rentals LLC" History
Document created by Debra Jakino (djakino@co.weld.co.us)
2019-07-12 - 1:31:50 PM GMT- IP address: 204.133.39.9
C: Document emailed to Debra Jakino (djakino@co.weld.co.us) for approval
2019-07-12 - 1:31:51 PM GMT
.A.4 Document approved by Debra Jakino (djakino@co.weld.co.us)
Approval Date: 2019-07-12 - 1:31:58 PM GMT - Time Source: server- IP address: 204.133.39.9
Document emailed to Debra Jakino (djakino@co.weld.co.us) for approval
2019-07-12 - 1:32:00 PM GMT
i`3 Email viewed by Debra Jakino (djakino@co.weld.co.us)
2019-07-12 - 1:32:16 PM GMT- IP address: 204.133.39.9
Document approved by Debra Jakino (djakino@co.weld.co.us)
Approval Date: 2019-07-12 - 1:35:36 PM GMT - Time Source: server- IP address: 204.133.39.9
C Document emailed to Brenda Dones (bdones@co.weld.co.us) for signature
2019-07-12 - 1:35:40 PM GMT
Email viewed by Brenda Dones (bdones@co.weld.co.us)
2019-07-12 - 2:02:13 PM GMT- IP address: 204.133.39.9
Document e -signed by Brenda Dones (bdones@co.weld.co.us)
Signature Date: 2019-07-12 - 2:05:26 PM GMT - Time Source: server- IP address: 204.133.39.9
C, Document emailed to Thomas J Smerud (t_smerud@msn.com) for signature
2019-07-12 - 2:05:27 PM GMT
3 Email viewed by Thomas J Smerud (t_smerud@msn.com)
2019-07-12 - 3:58:01 PM GMT- IP address: 70.89.171.241
WEIS
Adobe Sign
4u Document e -signed by Thomas J Smerud (t_smerud@msn.com)
Signature Date: 2019-07-12 - 4:00:24 PM GMT - Time Source: server- IP address: 70.89.171.241
E -y Document emailed to Karin McDougal (weld-cboe@weldgov.com) for signature
2019-07-12 - 4:00:26 PM GMT
t Email viewed by Karin McDougal (weld-cboe@weldgov.com)
2019-07-12 - 4:24:32 PM GMT- IP address: 204.133.39.9
c/o Document e -signed by Karin McDougal (weld-cboe@weldgov.com)
Signature Date: 2019-07-14 - 7:52:50 PM GMT - Time Source: server- IP address: 204.133.39.9
Signed document emailed to Thomas J Smerud (t_smerud@msn.com), Brenda Dones (bdones@co.weld.co.us),
Karin McDougal (weld-cboe@weldgov.com), Debra Jakino (djakino@co.weld.co.us), and 2 more
2019-07-14 - 7:52:50 PM GMT
Adobe Sign
Thank you for submitting an appeal to the Weld County Board of Equalization. We will review the
information submitted and you will receive a date to appear before the board.
Contact Information:
Contact Name: Tom Smerud
Contact Email: t_smerud@msn.com
Contact Phone: 970-396-2289
Appeal Submitted: 04:53 PM July 10, 2019
Appeal submitted for:
R0953586 - ADDYS RENTALS LLC
112 MAPLE AVE, EATON
Legal: ETN 14193 L12-13 BLK31
Reason: Value Too High - Comparable Sales
Estimate of Value: $252,000.00
Document(s) Submitted:
Account: R0953586 - 20190603122232.pdf
Account: R0953586 - R0953586 INITIAL PROTEST.pdf
You have selected the following Date Preferences: $/,/ if & 4'a - 42 'id
The Appeal process can take several weeks for us to complete. You will receive a written decision
on your appeal within five (5) working days of your hearing.
We thank you for your submittal.
Weld County Board of Equalization
2019-2768
4s0/o5
Thank you for submitting an appeal to the Weld County Assessor's Office. We will review the
information submitted and if we have questions we will contact you at one of the following:
Contact Information:
Contact Name: Tom Smerud
Contact Email: t_smerud@msn.com
Contact Phone: 970-396-2289
Appeal Submitted: 12:21 PM June 03, 2019
Appeal submitted for:
R0953586 - ADDYS RENTALS LLC
112 MAPLE AVE, EATON
Legal: ETN 14193 L12-13 BLK31
Reason: Value Too High - Comparable Sales
Estimate of Value: $252,000.00
Document(s) Submitted:
Account: R0953586 - 20190603122232.pdf
The Appeal process can take several weeks for us to complete. We will mail a decision on your
appeal by June 30th for real property and by July 10th for business personal property and/or oil and
gas.
We thank you for your submittal.
Weld County Assessor's Office
(970) 400-3650
1 Per Page - Listing Report
Page 1 of 20
Lot SqFt: 4,063
Elec: Excel
Gas: Atmos
Approx. Acres: 0 09
Water: City of Eaton
PIN: Zoning: Commercial
Available Date: 01/03/2017
Min/Max Vacant:
Total Bldg SqFt: 3024
Total SqFt Leased:
Min SqFt Avail:
Potential Rental Income:
Less Vacancy Rate:
Effective Rental Income:
Gross Operating Income:
Property Taxes:
Tax Year:
Building Insurance:
Utilities:
Total Operating Expense
Net Operating Income:
Floor Levels:
Max SqFt Avail:
$20,000
0%
$20,000
$20,000
$2,104
2015
$1,200
$4,800
$8,104
$11,896
Cap Rate: 9.22 Gross Rent Mult.: 6.75
IRES MLS # : 808755 PRICE: $129,000
128 Oak Ave, Eaton 80615
SALE: COMMERCIAL/INDUSTRIAL / INC SOLD
Locale: Eaton
Area/SubArea: 10/24
Subdivision: Eaton Town
Legal: ETN 14227 L4 BLK33
SqFt Source: Assessor records
Built: 1900
New Const: No
New Const Notes:
Listing Comments: Former Eaton Liquor building. Highway 85 frontage.
Currently has walk in refrigerator still installed. Bathroom and kitchen also
currently installed. Would be work great as a laundry mat as Eaton
currently does not have one. Start your own business or rent it out. 2 car
garage in back. Eaton has again been named the 2nd SAFEST community
in the State of Colorado by Safewise! Broker Remarks: No access to the
residence between the garage and the store without owner or listing agent
present. Residence is in rough shape. Short term owner financing possible
County: Weld
Sold Date: 07/17/2017
Terms: CASH
Down Pmt Assist: N
Concession Type: None
SA: Elizabeth Garcia
SO: Berkshire Hathaway -FTC
Sold Price: $100,000
DOM: 196 DT0: 93 DTS: 196
970-226-5511
970-226-5511
Property Features
Construction: Brick/Brick Veneer Roof: Rubber/Membrane
Commercial/Industrial Type: Retail -Downtown Location Description:
Within City Limits Lot Improvements: Street Paved, Curbs, Gutters,
Sidewalks Street Light, Alley Road Access: State H ghway Heating:
Forced Air Cooling: Refrigeration/HVAC Utilities: Natural Gas, Electric
Water/Sewer: City Water Ownership: Private Owner Occupied By:
Vacant not for Rent Possession: See Remarks Tenant Pays: All
Operating Costs (used alone) Flood Plain: Minimal Risk
New Financing/Lending: Cash, Conventional
LA: Dustin Janzen Phone: 970-222-9435 Email: Dustinc@..Blissrealtygroup corn Fax: -
LO: Bliss Realty Group Broker Phone: 970-682-1132
TB: 3.00 BA: 3.00 Buyer Excl: No Contract: T For Showings: LA: (970)222-9435
Min EM: $5,000 EM Recip: Guardian Title Lim Service: N
Prepared By: Thomas Smerud - Jun 3, 2019 11:52:08 AM
Information deemed reliable but not guaranteed. MLS content and images Copyright 1995-2019, IRES LLC. All rights reserved.
https://www.iresis.cam/MI,S/awa/reports/listing?reportName=Once _ per_Page
6/3/2019
1 Per Page - Listing Report
Page 3 of 20
Lot SqFt: 2,500
Elec: Xcel
Gas: Atmos
PIN:
•
Approx. Acres: 0.06
Water: Town of Eaton
Zoning: Commercial
Available Date:
Min/Max Vacant:
Total Bldg SqFt: 2880
Total SqFt Leased:
Min SqFt Avail:
Potential Rental Income:
Less Vacancy Rate:
Effective Rental Income:
Gross Operating Income:
Property Taxes:
Tax Year:
Total Operating Expense:
Net Operating Income:
Floor Levels: 2
Max SqFt Avail:
$16,800
1%
$16,632
$16,632
$1,531
$1,531
$15,101
Cap Rate: 8.16 Gross Rent Mutt.: 11.12
IRES MLS # : 815540 PRICE: $185,000
217 1st St, Eaton 80615
SALE: COMMERCIAL/INDUSTRIAL / INC SOLD
County: Weld
Locale: Eaton
Area/SubArea: 10/24
Subdivision: Eaton Town
Legal: ETN 14216 W25' OF E45' OF L18 THRU 21 BLK32
Built: 1951 SqFt Source: Assessor records
New Const: No
New Const Notes:
CoListing Agent: Don Brazelton 970-351-0405
CoListing Office:MB/Brazelton Realty Inc 970-351-0405
Listing Comments: Great income potential in this high visibility location in
the growing Town of Eaton. This 2 -story unit features remodeled area with
newer reception area along with a larger area for any type of business.
Included on this level is ore restroom. The upper level is set up as a rental
or live/work situation with 3 bedrooms, 1 bath, large living room & kitchen
w/separate entrance. New HVAC. Alley access. 215 1st also available for
$125,000. MLS#809380 The gas is shared with unit 215 1st St.
Sold Date: 06/09/2017 Sold Price: $163,700
Terms: CASH DOM: 75 DTO: 55 DTS: 75
Down Pmt Assist: N
Concession Type: None
SA: Christina L Koder 970-506-2952
SO: RE/MAX Alliance -Greeley 970-330-5000
Property Features
Construction: Block, Stucco Roof: Tar & Gravel
Commercial/Industrial Type: Office, Retail -Freestanding
Location Description: Level Lot Fences: Enclosed Fenced Area
Property Features: Paved Parking Lot Improvements: Street Paved,
Alley Road Access: City Street Basement/Foundation: No Basement
Heating: Forced Air Cooling: Refrigeration/HVAC Inclusions: No
Inclusions Disabled Accessibility: Level Lot Utilities: Natural Gas,
Electric, High Speed Avail Water/Sewer: City Water, City Sewer
Ownership: Private Owner Occupied By: Vacant not for Rent
Possession: Specific Date Tenant Pays: Nothing
Gross Scheduled Income Includes: Lease/Rents Flood Plain: Minimal
Risk Sale Includes: Building(s), Land Possible Usage: Single Family,
Business New Financing/Lending: Cash, Conventional
Showing Instructions: Lockbox, Appointment Only, Call Listor
LA: Beverly West Phone: 970-631-7111 Email: bev(a�bevwestingreeley corn Fax: 970-352-3006
LO: MB/1/Vest Realty Broker Phone: 970-351-0405
TB: 3.00 BA: 3.00 Buyer Excl: No Contract: R For Showings: LO: (970)351-0405
Min EM: $3,000 EM Recip: Stewart Title Co. Lim Service: N
Prepared By: Thomas Smerud - Jun 3, 2019 11:52:08 AM
Information deemed reliable but not guaranteed. MLS content and images Copyright 1995-2019, IRES LLC. All rights reserved
littps://www.iresis.com/MLS/awaireports,ffisting?reportNarne-One _ per Page
6/3/2019
1 Per Page - Listing Report
Page 5 of 20
Lot SqFt: 4.713
Elec:
Gas:
PIN:
Available Date:
Min/Max Vacant:
Total Bldg SqFt:
Total SqFt Leased:
Min SqFt Avail:
Approx. Acres: 0.11
Water: City of Eaton
Zoning: Commercial
Floor Levels:
Max SqFt Avail:
Property Taxes:
Tax Year:
Total Operating Expense:
Net Operating Income:
Cap Rate: Gross Rent Mult.:
$1,124
2016
IRES MLS # : 826218 PRICE: $199,900
218 Oak Ave, Eaton 80615
SALE: COMMERCIAL/INDUSTRIAL / INC SOLD
Locale: Eaton County: Weld
Area/SubArea: 10/24
Subdivision: Eaton Town
Legal: ETN 14270-A S4' L8 & ALL L9 BLK23
Built: 1919 SqFt Source: Assessor records
New Const: No
New Const Notes:
Listing Comments: Rare opportunity to own a smal restaurant, office
building, retail store or single-family home!This former home, converted
into a beautiful restaurant 11 years ago (seats 32 comfortably) which
includes several individual rooms for separate dining. Well suited for
bakery, deli or small cafe.This building could be easily converted back to a
residential property but currently is zoned commercial.New roof, A/C,
furnace & H2O. 6 parking spaces on lot but there is plenty of space to build
a garage!
Sold Date: 10/31/2017
Terms: CONV FIX
Down Pmt Assist: N
Concession Type: None
SA: Mitzi Bradley Albo
SO: VIP Home Group, LLC
Sold Price: $187,500
DOM: 112 DTO: 59 DTS: 112
970-531-7592
970-531-7592
Property Features
Style: 1 Story/Ranch Construction: Wood/Frame, Composition Siding
Roof: Composition Roof Type: Cottage/Bung Outdoor Features: Deck
Location Description: Level Lot Basement/Foundation: Crawl Space
Heating: Forced Air Cooling: Central Air Conditioning Inclusions: Window
Coverings. Dishwasher Design Features: Separate Dining Room,
Washer/Dryer Hookups, Wood Floors Disabled Accessibility: Ramp
Access, Level Lot, Level Drive, Width of Hallways 42" or more Utilities:
Natural Gas, Electric Water/Sewer: City Water, City Sewer Ownership:
Private Owner Occupied By: Vacant not for Rent Possession: Delivery of
Deed Property Disclosures: Seller's Property Disclosure Flood Plain:
Minimal Risk Possible Usage: Single Family, Business, Commercial or
Industrial New Financing/Lending: Cash, Conventional
LA: The Shannon and Sharon Team Phone: 970-405-5964 Email: Shannonca searsrealestate.com Fax: 970-330-4766
LO: Sears Real Estate Broker Phone: 970-330-7700
TB: 3.00 BA: 3.00 Buyer Excl: No Contract: TV For Showings: L0: (970)330-7700
Min EM: $2,000 EM Recip: Sears Real Estate Lim Service: N
Prepared By: Thomas Smerud - Jun 3, 2019 11:52:08 AM
Information deemed reliable but not guaranteed. MLS content and images Copyright 1995-2019+ IRES LLC. Ali rights reserved
https://www.iresis.com/ILLS/awa/reports/listing?reportName=One_perPage 6/3/2019
1 Per Page - Listing Report
Page 8 of 20
Lot SqFt: 3,375
Elec: Xcel
Gas: Atmos
PIN:
Approx. Acres: 0.08
Water: Eaton
Zoning: Commercial
Available Date:
Min/II/lax Vacant:
Total Bldg SqFt: 5219
Total SqFt Leased: 5219
Min SqFt Avail:
Potential Rental Income:
Less Vacancy Rate:
Effective Rental Income:
Gross Operating Income:
Property Taxes:
Tax Year:
Other: Total Operating
Total Operating Expense:
Net Operating Income:
Floor Levels:
Max SqFt Avail:
$24,000
0%
$24,000
$24,000
$8,400
$8,400
$15.600
Cap Rate: 7.19 Gross Rent Mult.: 9.04
IRES nits # : 821485 PRICE: $217,000
212 1st St, Eaton 80615
SALE: COMMERCIAL/INDUSTRIAL / INC SOLD
Locale: Eaton County: Weld
Area/SubArea: bArea : 10/24
Subdivision: Town of Eaton
Legal: Town of Eaton, East 37.5' West 62.5' of Lots 1,2.3 and East 37.5'
West 62.5' North 15' Lot 4, Block 42
Built: 1909 SqFt Source: Assessor records
New Const: No
New Const Notes:
Listing Comments: Own a leased historic commercial building with TWO
STOREFRONTS and excellent visibility from 3 sides of the building' This
multitenant building has a traditional sidewalk storefront main entry AND a
storefront facing the new EATON TOWN SQUARE. This unique
commercial/retail/restaurant setting is unmatched in srnall town Northern
Colorado The building is visible from busy Collins Street, Eaton's Main
Street -1st, and the modern shopping center district. The main floor has
3344sf + 1875sf basement. Broker Remarks: Owner -User Investors: one
of the leases is month -to -month and this tenant(or others)could be
relocated within the building to accommodate the business of an owner -
user buyer. All showings are by appointment -only with the listing broker -
Jeff Hale; please do not contact any of the tenants regarding showing
opportunities.
Sold Date: 07/07/2017
Terms: CASH
Down Pmt Assist: N
Concession Type: None
SA: Matthew Revitte
SO: Pro Realty Oid Town
Sold Price: $210.000
DOM: 42 DTO: 23 DTS: 42
888-776-3779
970-353-1117
Property Features
Construction: Brick/Brick Veneer Roof: Rubber/Membrane
Commercial/Industrial Type: Retail -Downtown Basement/Foundation:
Partial Basement Heating: Forced Air Cooling: Refrigeration/HVAC
Utilities: Natural Gas. Electric Water/Sewer: City Water Ownership:
Private Owner Occupied By: Tenant Occupied Possession: Specific Date
Tenant Pays: Deposit, Gas Electric Flood Plain: Minimal Risk
Existing Lease: Month -to -Month, Fixed Term New Financing/Lending:
Cash, Conventional
LA: Jeff Hale Phone: 970-310-9435 Email: haleprops aa..msn corn Fax: 970-221-7168
LO: Hale Commercial Properties LLC Broker Phone: 970-454-1440
TB: 2.50 BA: 2.50 Buyer Excl: No Contract: R For Showings: LA: (970)310-9435
Min EM: $5,000 EM Recip: Unified Title Company Lim Service: N
Prepared By: Thomas Smerud - Jun 3, 2010 11:52:08 AM
Information deemed reliable but not guaranteed. MLS content and images Copyright 1995-2019, IRES LLC. All rights reserved
https://www. iresis.com/MLS/awalreports/li sting?reportName=One_perPage
6/3/2019
1 Per Page - Listing Report
Page 9 of 20
Elementary:
Middle/Jr.:
High School:
School District:
Lot SqFt: 10,500
Dec: Xcel
Gas: Atmos
PIN: 070736419003
Waterfront: No
HOA: No
Total # Units: 2
Total SqFt: 1870
Parking Spaces:
Eaton
Eaton
Eaton
Eaton Re -2
Approx. Acres: 0.24
Water: Eaton
Zoning: Res
Water Meter Inst: No
Bedrooms
# Units
Potential Rental Income:
Less Vacancy Rate:
Effective Rental Income:
Gross Operating Income:
Property Taxes:
Tax Year:
Total Operating Expense:
Net Operating Income:
1 2 3
11
$26,000
0%
$26,000
$26,000
$953
2015
$953
$25,047
Cap Rate: 8.66 Gross Rent Mult.: 11.12
Units Beds Baths Bsmnt SqFt Rent Parking
1 2 2 Y 1870 $1,275 2/ O
1 1 1 N 615 $800 2/ O
IRES MLS # : 808466 PRICE: $289,000
23 Park Ave, Eaton 80615
INCOME PROPERTY / RES SOLD
Locale: Eaton County: Weld
Area/SubArea: 10/24
Subdivision: West Side Add
Legal: ETN 14157 L28 THRU 30 BLK 1 WEST SIDE ADD
Total # Units: 2
Total SqFt: 1870
Parking Spaces:
Built: 1905
New Const: No
Builder:
New Const Notes:
Bedrooms 1 2 3
# Units 1 1
SqFt Source: Other
Model:
Listing Comments: This home has lots of 20th century character and
some realty great extra features. Home is 2 bed, 2 bath with unfinished
basement for storage. Carriage house has 1 bed, 1 bath and a roof top
patio/deck. Sits on a large double lot. All appliances included with main
house. Refrigerator and range included with carriage house. Great
personal residence or income potential! Broker Remarks: Showings must
be Tue, Thur, Sat 2-5 Or after 5pm on any day but Sundays. 24 hours
notice required for all showings to allow time to contact tenants.
Sold Date: 04/24/2017
Terms: CONV FIX
Down Pmt Assist: N
Concession Type: None
SA: Brian Trainor 970-402-62O0
SO: C3 Real Estate Solutions; LLC 970-225-5152
Sold Price: $258,000
DOM: 122 DTO: 115 DTS: 122
Property Features
Style: 1 Story/Ranch Construction: Wood/Frame Roof: Composition Roof
Type: Cottage/Bung Outdoor Features: Patio, Carriage House Fences:
Partially Fenced Lot Improvements: Alley Road Access: City Street
Parking Per Unit: 2 Spaces/Unit Basement/Foundation: Partial
Basement, Unfinished Basement Heating: Forced Air Cooling: Ceiling Fan
Inclusions: Electric Range/Oven, Refrigerator Design Features: Eat -in
Kitchen, Washer/Dryer Hookups Disabled Accessibility: Level Lot, Main
Floor Bath , Main Level Bedroom Utilities: Natural Gas, Electric, Cable TV
Available Water/Sewer: City Water, City Sewer Ownership: Private Owner
Occupied By: Tenant Occupied Possession: Current Lease Agreement
Tenant Pays: Electric Property Disclosures: Seller's Property Disclosure,
Lead Paint Disclosure Flood Plain: Minimal Risk Existing Lease: Fixed
Term Possible Usage: Multi Family New Financing/Lending: Cash,
Conventional, FHA, VA Exclusions - Tenants' personal property
LA: Brian Trainor Phone: 970-402-6200 Email: 970Tearncgnnail corn Fax: 970-221-3627
LO: C3 Real Estate Solutions, LLC Broker Phone: 970-225-5152
TB: 3.00 BA: 3.00 Buyer Excl: No Contract: R For Showings: LO: (970)225-5152
Min EM: $3,000 EM Recip: Stewart Title Lim Service: N
Prepared By: Thomas Smerud - Jun 3, 2019 11:52:08 AM
Information deemed reliable but not guaranteed. MLS content and images Copyright 1995-2019, IRES LLC. All rights reserved.
https://www.iresis.com/MLS/awa/reports/listing?reportName=(one _ per Page
6/3/2019
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