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Sterling, CO 80751 319 S 2nd St

319 S 2nd St Sterling, CO - Image 1319 S 2nd St Sterling, CO - Image 2319 S 2nd St Sterling, CO - Image 3
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319 S 2nd St Sterling, CO - Image 4319 S 2nd St Sterling, CO - Image 5319 S 2nd St Sterling, CO - Image 6319 S 2nd St Sterling, CO - Image 7319 S 2nd St Sterling, CO - Image 8
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  • MLS# 1048506
  • 12/16/2025
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    Home Details

    Seller offering Concessions with their preferred lender: Conventional *If they put less than 10% down max concessions is 3% of purchase price**If they put 10-19% down- Max concessions is 6% of purchase price**If they put 20% down max concessions is 9% of purchase price (we are only doing 6%)*FHA-Max concessions is 6% of purchase price*VA-Max concessions is 4% of purchase price* Well performing Investment opportunity with a very high cap rate. Tenant Occupied Duplex, both are 2 Bedroom 1 Bath Units, with the feel of a single family residence. Property was completely Remodeled with all new, permitted Mechanicals, Roof, Custom Cabinets, Granite Counters and Roof. Stucco Exterior, Easy to maintain. Separately Metered on Electric and Gas, Tenant Pays Direct. Off Street Parking and Detached Storage for Convenience. Professional Property Management In Place, Willing to facilitate transition to new Owners, or Stay on as Manager. Sellers are Licensed Real Estate Agents. Thank you
    Presented By: ;

    Interior Features for 319 S 2nd St

    Bedrooms

    Total Bedrooms4

    Bathrooms

    Total Baths2

    Other Interior Features

    LivingAreaSourceAssessor
    BasementNone
    FlooringWood
    Interior AmenitiesEat-in Kitchen, Separate Dining Room, Open Floorplan, Washer/Dryer Hookup, Kitchen Island, Split Bedroom Plan
    Window FeaturesWindow Coverings

    General for 319 S 2nd St

    AccessibilityLevel Lot, Level Drive, Width of Hallways 42 or more, Low Carpet, Interior Door Openings 32 plus, Main Floor Bath, Main Level Bedroom
    AppliancesElectric Range, Self Cleaning Oven, Dishwasher, Refrigerator, Microwave, Disposal, Fire Alarm
    Architectural StyleCottage
    AttributionContact9705805319
    Cap Rate7.71
    CitySterling
    Construction MaterialsStucco
    CoolingCeiling Fan(s)
    CountyLogan
    DirectionsFrom Main St, South on South Second Street . Property will be on East side of road
    DisclosuresNone, Lead Paint
    ElectricXcel Energy
    Elementary SchoolAyres
    Energy EfficientHigh Efficiency Furnace
    ExclusionsTenant's Personal Property
    Expected Active Date 2025-12-16
    Gross Income33600
    HOANo
    HeatingForced Air
    High SchoolSterling
    High School DistrictValley RE 1
    Lease Amount FrequencyYear Lease
    LevelsOne
    MLS AreaLogan
    Middle/Junior High SchoolSterling
    Net Operating Income28369
    New ConstructionNo
    Number Of Units Total2
    Operating Expense5231
    Other StructuresStorage
    Parcel Number6295000
    Patio/Porch FeaturesPatio, Deck
    Possible UseMulti-Family
    Property SubtypeMulti Family
    Property TypeResidential Income
    RoofComposition
    SewerPublic Sewer
    Standard StatusActive
    StatusActive
    Subdivision NameSterling Original
    Tax Annual Amount1031
    Tax Year2024
    Tenant PaysDeposit, Gas, Electricity
    Unit321
    UtilitiesNatural Gas Available, Electricity Available, Cable Available, Separate Meter Electricity, Separate Meter Gas, Satellite Avail, High Speed Avail
    ViewCity
    Year Built1906
    ZoningRES

    Exterior for 319 S 2nd St

    FencingPartial, Chain Link
    Irrigation Water Rights Y/NNo
    Lot FeaturesLevel, Paved, Curbs, Gutters, Sidewalks, Alley
    Lot Size Acres0.26
    Lot Size Area11500
    Other Parking2 Spaces/Unit
    Road Frontage TypeCity Street
    Road Surface TypeAsphalt
    Total Parking2
    Water SourceCity
    Waterfront Y/NNo

    Additional Details

    Price History

    Schools

    High School Sterling High School
    Elementary School Ayres Elementary School
    Middle School Sterling Middle School

    Nathan Washam

    Broker/Owner
    Price $367,900
    MLS#1048506
    List Date 12/16/2025
    Property Type Income
    Phone 970.988.8295
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