16154 County Road 24
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 6, 2026 | No longer available | - | |
| No longer available | |||
| Sep 19, 2025 | Price Increased |
$450,000
↑ $1K
(0.2%) | |
| Price Increased | |||
| Sep 2, 2025 | Listed | $449,000 | |
| Listed | |||
| | |||
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Priced at $449,000, this Sterling, Colorado home presents a rare instant-equity opportunity in Logan County and is scheduled for foreclosure sale in March due to a tragic circumstance. The seller purchased the property in October 2024 and is hoping to recoup a portion of their investment, creating a compelling value for buyers seeking upside. Offered AS-IS, with all remaining personal property included, the home showcases vintage character and solid bones, with an unfinished kitchen already drywalled and wired, plus a brand-new dishwasher and microwave still in the box, ready for installation. A working refrigerator and stove are already in place. The spacious lot offers room to expand, customize, or modernize at your own pace-ideal for investors, renovators, or buyers looking to build equity in a growing northeastern Colorado market. Buyer to verify square footage, lot size, utilities, well/septic, zoning, and intended uses with Logan County.
Buy this home As-Is with a 203k Renovation, VA Renovation, or a Conventional Renovation loan. You can buy this home and finance all the repairs into the same loan. FHA and VA are for a primary home, and Conventional can be for a primary, 2nd, and Investment homes. Call/Text Marco Montano, VP of Renovation (NMLS 404303) at First Community Mortgage for additional information: 720-710-7400, email: [email protected] - First Community Mortgage
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| Oct 4, 2024 | Sold | ||
| Sold | |||
| Oct 3, 2024 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017