$445,000
$450,000
1.1%For more information regarding the value of a property, please contact us for a free consultation.
5 Beds
2 Baths
1,870 SqFt
SOLD DATE : 03/13/2020
Key Details
Sold Price $445,000
Property Type Single Family Home
Sub Type Attached Dwelling
Listing Status Sold
Purchase Type For Sale
Square Footage 1,870 sqft
Subdivision Commerce City
MLS Listing ID 3744742
Sold Date 03/13/20
Style Ranch
Bedrooms 5
HOA Y/N false
Abv Grd Liv Area 1,870
Originating Board REcolorado
Year Built 1932
Annual Tax Amount $2,261
Lot Size 0.330 Acres
Acres 0.33
Property Description
Best ROI in Commerce City & Front Range! Extremely RARE find! 7.5 CAP rate for two houses!!! This remodeled property is an amazing opportunity with two SEPARATE houses on a single LARGE lot. 3 bedroom/1 bath rear house and 2 bedroom/1 bath front house with washers and dryers in both units. The houses are fully RENTED on 1-year leases and tenants intend to extend! Rents are $3,270 per month ($1745- rear home and $1525- front home). Renters feel like they have their very own home & rents reflect that value. The front house has a fenced-in yard. There is a large off-street parking area between the two properties; keeping cars off the street, enhancing security, and increasing curb appeal. Two detached storage units provide useful square footage for tenants extra belonging as well. These homes are walking distance to schools, restaurants, and Pioneer Park with batting cages, a skate park, Paradice Island Pool and recreation fields. They are also just minutes from Dicks Sporting Good Sports Complex and Praire Gateway Open Space. Separate metering for all utilities on both units. Tenants pay ALL utilities except H2O so the owner has extremely low operating costs. With full remodel & low long term maintenance costs your cash flow & ownership calculations are a synch! Begin earning your 7.5 CAP rate NOW!!! Stop waiting & get this one into your investment portfolio before someone beats you to it!
Location
State CO
County Adams
Area Metro Denver
Rooms
Basement Structural Floor
Interior
Interior Features Eat-in Kitchen, Open Floorplan
Heating Forced Air
Appliance Dishwasher, Refrigerator, Washer, Dryer, Disposal
Exterior
Garage Spaces 8.0
Utilities Available Natural Gas Available
Roof Type Composition
Handicap Access No Stairs
Porch Patio
Building
Story 1
Sewer City Sewer, Public Sewer
Water City Water
Level or Stories One
Structure Type Wood/Frame,Wood Siding
New Construction false
Schools
Elementary Schools Rose Hill
Middle Schools Kearney
High Schools Adams City
School District Adams 14
Others
Senior Community false
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