$605,000
$700,000
13.6%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
4 Baths
3,544 SqFt
SOLD DATE : 05/25/2023
Key Details
Sold Price $605,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,544 sqft
Price per Sqft $170
Subdivision Del Ray
MLS Listing ID 7168869
Sold Date 05/25/23
Bedrooms 8
Full Baths 2
Three Quarter Bath 2
HOA Y/N No
Abv Grd Liv Area 1,969
Originating Board recolorado
Year Built 1962
Annual Tax Amount $2,652
Tax Year 2022
Lot Size 0.260 Acres
Acres 0.26
Property Sub-Type Multi-Family
Property Description
Introducing A home hacker dream! Living for free in beautiful Arvada, or as a investor get a 8 cap! This incredible duplex setup offers you the opportunity to live for free, or rent out all three living spaces for potential 8+ Cap. Or even higher if you Airbnb one of the units, this is an incredible opportunity. Main unit of the duplex is larger, and has a basement with a easy separate entrance access from the back of the house. The second side of the duplex is smaller but has a finished basement also. Three private yards spaces and a separate garage as well!
Duplex has 8 bedrooms, and 4 baths.. Each unit is a 4/2.. To understand the layout and square footage, you have to see it.
Yes, it's a Fixer Upper special needs some work but offers HUGE savings as it's priced to sell – With some elbow grease and effort. The garage is separated from the living quarters so you don't have to worry about noise or privacy issues. With potential over 8% Cap Rate, this is an incredible opportunity that doesn't come around often - don't miss out on making this home yours today!n - don't miss out on making this home yours today!
Rent estimates: As 2/1, you could have 3 units, if you separate the basement on the larger unit, and comparable units are renting around $1,800 a month.. The smaller unit 4/2 should rent around $2,000 a month.. Airbnb estimate is around $3,080 a month, a 2/1 up the street is average $104 a night.
Location
State CO
County Jefferson
Rooms
Basement Partial
Main Level Bedrooms 4
Interior
Interior Features Ceiling Fan(s)
Heating Hot Water
Cooling None
Flooring Carpet, Tile
Fireplace N
Appliance Dishwasher, Dryer, Microwave, Oven, Refrigerator, Washer
Exterior
Exterior Feature Dog Run, Lighting, Rain Gutters
Garage Spaces 2.0
Fence Full
Utilities Available Cable Available, Electricity Connected, Internet Access (Wired), Natural Gas Available, Phone Available
Roof Type Composition
Total Parking Spaces 2
Garage Yes
Building
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Brick
Schools
Elementary Schools Secrest
Middle Schools North Arvada
High Schools Arvada
School District Jefferson County R-1
Others
Senior Community No
Ownership Corporation/Trust
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Special Listing Condition None
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