$612,000
$625,000
2.1%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
4 Baths
2,706 SqFt
SOLD DATE : 10/02/2024
Key Details
Sold Price $612,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,706 sqft
Price per Sqft $226
Subdivision Swansea
MLS Listing ID 4998914
Sold Date 10/02/24
Bedrooms 8
HOA Y/N No
Originating Board recolorado
Year Built 2000
Annual Tax Amount $2,627
Tax Year 2023
Lot Size 6,098 Sqft
Acres 0.14
Property Description
Significant Price Drop bringing this to an 8.2% Cap Rate on conservative numbers! Fantastic investment opportunity on this up/down duplex with two 4 bedroom, 2 bathrooms units.
**Property Highlights:**
- **Size:** 2,706 total square feet
- **Upper Unit:** Enjoy vaulted ceilings that enhance the spaciousness and ambiance of the living area.
- **Recent Upgrades:** Both units are equipped with new furnaces and a new on-demand water heater, ensuring comfort and efficiency year-round.
- **Utilities:** Each unit is separately metered for gas and electricity, offering convenience and control over utility expenses.
- **Parking:** Benefit from off-street covered parking accessible from the alley, providing added value for your tenants.
- **Prime Location:** This property is conveniently located next to the city library, enhancing the properties' appeal and accessibility to amenities.
Both units are currently vacant and ready for immediate occupancy, presenting an excellent opportunity for new owners to start generating income right away. The financials are strong, making this duplex a promising addition to your investment portfolio.
This property is for sale along with a second duplex located across the alley at 4665 Gaylord St. Can be purchased together or separately.
Location
State CO
County Denver
Zoning E-TU-B
Rooms
Basement Full
Interior
Heating Forced Air
Cooling None
Flooring Vinyl
Fireplace N
Exterior
Fence Full
Roof Type Composition
Total Parking Spaces 2
Garage No
Building
Lot Description Level
Story One
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Frame
Schools
Elementary Schools Swansea
Middle Schools Bruce Randolph
High Schools Manual
School District Denver 1
Others
Senior Community No
Ownership Individual
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Special Listing Condition None
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