$407,500
$350,000
16.4%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
2 Baths
1,788 SqFt
SOLD DATE : 03/12/2021
Key Details
Sold Price $407,500
Property Type Single Family Home
Sub Type Residential-Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 1,788 sqft
Subdivision Apache Mesa
MLS Listing ID 6841298
Sold Date 03/12/21
Bedrooms 4
Full Baths 1
Three Quarter Bath 1
HOA Y/N false
Abv Grd Liv Area 1,788
Originating Board REcolorado
Year Built 1976
Annual Tax Amount $2,167
Lot Size 8,712 Sqft
Acres 0.2
Property Description
***Investor/House Hack Special*** 2 separate units to either rent out or live in one and rent the other to pay the mortgage! This Bi-Level home has separate entrances each with full kitchens and 2 beds/1bath. The units are completely contained and have all appliances including stovetop/oven, fridge, dishwasher, washer/dryer in each unit. The home has a one-car garage large covered deck in the back and a huge fully fenced in lot. The sewer line was completely replaced in 2020 at a cost of $12,000! There is one furnace and one water heater for the home. This is where it gets good! The income on the top unit was $1550/month and the lower unit $1350/month. With owner costs including utilities, property tax, and insurance the net revenue is $26,000/year with a CAP rate of 7.5%!! There is plenty of opportunities to add value to this property and raise the rents. The units are both empty and ready to add value or get renters in immediately and start cash flowing! This opportunity should not be missed! FYI the interior pics are only of the garden level unit.
Location
State CO
County Arapahoe
Area Metro Denver
Direction Take I-225 north, then go east on 6th Ave. Drive about 1.5 miles and take a left on Norfolk Way. The home will be on your right, just past 7th Ave.
Rooms
Primary Bedroom Level Upper
Bedroom 2 Upper
Bedroom 3 Lower
Bedroom 4 Lower
Interior
Heating Forced Air
Fireplaces Type Family/Recreation Room Fireplace, Single Fireplace
Fireplace true
Exterior
Garage Spaces 1.0
Fence Fenced
Utilities Available Electricity Available
Roof Type Composition
Street Surface Paved
Porch Patio, Deck
Building
Lot Description Gutters
Faces West
Story 2
Foundation Slab
Sewer City Sewer, Public Sewer
Level or Stories Bi-Level
Structure Type Wood/Frame,Wood Siding
New Construction false
Schools
Elementary Schools Laredo
Middle Schools East
High Schools Hinkley
School District Adams-Arapahoe 28J
Others
Senior Community false
Special Listing Condition Private Owner
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Madison & Company Properties
GET MORE INFORMATION
Realtor | Lic# 3002201