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Sold cren member
  • $725,000

    201 Rich Street #1) 201 Rich/858 Garnet + 852 /850 Garnet, Delta, CO 81416

    4beds
    3,936sqft
    Quadruplex
    Built in 1977
    -- sqft lot
    $716,600 Zestimate®
    $184/sqft
    $1,294 Estimated rent

    Home value

    $716,600

    $595,000 - $860,000

    $1,294/mo

    Zestimate® history
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    What's special

    2 FULLY OCCUPIED DUPLEXS 4 rentals, 2 buildings 2 rented buildings for 4 total renta. Elevated duplexes w/ a private park + lawn and elevated private deck. High Ceilings and views with mature trees and a park like setting. Always in demand and rented, rare to be vacant. Each side of duplex is a 2 bed /1.5bath + carport. (House hack one side or Mother-in-law rental or straight Investment??) Alll tenants would like to stay (perfect for investor), but one side could be freed up for purchase by an owner occupant, if desired once contracted with 45+ days perhaps. Many of the Tenants have been there for years . Each side has a private small deck and access to the park for residents only of the 5 buildings. (The duplex owner would own 1/5 of the quiet park also) Irrigation water for the park is included for crops or lush lawns. Remodeled in 2023 with 100% new paint, some new windows, new flooring on both sides . Quiet area, great for kids. Plenty of parking and Privacy. Room to expand on the lot for storage units or more garages or more carports. A buyer could easily enclose the Carport or build a rooftop deck above the carport. The living room is up half stairs(elevated) and the bedrooms are garden level. 2025 Scheduled income / Gross income is $67,100. A nice 7.5%+ CAP rate before mngt fees. The tenants have their own electric meter and pay it, The owner pays the sewer/water/trash/irrigation and gas Each carport has a lockable storage unit. Additional storage is or can be built in under dining room outside, on each side . Tenant is responsible for each of their rear yards, but not the park. Park **** PLEASE DO NOT DISTURB TENANTS, fully rented with great tenants. we need 24 hrs + for showings **** if a buyer would want to live in one side, they would have to wait 30-65+ days+ for tenant to move out.( notice 31 days for tenant minimum) ***note some of the pics are older, when it was vacant and before tenant moved in, some pics are also of complex, there are 5 duplexes in this community. The park is co-owned 1/5 per duplex. so this owner of the 2 buildings would own 40% of the Park.

    Zillow last checked:

    Listing updated:

    Listed by:

    Scott Elkins 970-708-0494,

    Telluride Realty, LLC,

    Mark Simpson,

    Telluride Realty, LLC

    Bought with:

    Sara Woodward, FA100067308

    Norris-Phillips Real Estate, LLC

    Source: CREN,MLS#: 827041MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 4
    • Full bathrooms: 2
    • 1/2 bathrooms: 2
    Interior area
    • Total structure area: 3,936
    • Total interior livable area: 3,936 sqft
    • Finished area above ground: 1,968

    Property

    Parking
    • Total spaces: 6
    • Parking features: Carport
    • Carport spaces: 2
    Lot
    • Size: 0.40 Acres
    Details
    • Parcel number: 345518332003

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex
    Condition
    • New construction: No
    • Year built: 1977
    • Major remodel year: 2024

    Community & neighborhood

    Location
    • Region: Delta
    • Subdivision: Garnet Mesa

    HOA & financial

    HOA
    • Has HOA: Yes
    • Association name: Small Park only
    Other financial information
    • Total actual rent: 2800

    Other

    Other facts
    • Has irrigation water rights: Yes

    Price history

    DateEventPrice
    10/1/2025Sold$725,000-3.2%$184/sqft
    Source: CREN #827041 Report a problem
    8/4/2025Price change$749,000-2.2%$190/sqft
    Source: CREN #827041 Report a problem
    7/29/2025Listed for sale$766,000$195/sqft
    Source: CREN #827041 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 81416

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Garnet Mesa K-5
    • Middle: Open Enrollment
    • High: Delta 9-12

    Source: CREN. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    $716,600
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    With Zillow Showcase(estimated)
    $730,932