$900,000
$935,000
3.7%For more information regarding the value of a property, please contact us for a free consultation.
7 Beds
4 Baths
3,242 SqFt
SOLD DATE : 03/17/2023
Key Details
Sold Price $900,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,242 sqft
Price per Sqft $277
Subdivision Alameda Heights
MLS Listing ID 8880850
Sold Date 03/17/23
Style Contemporary
Bedrooms 7
HOA Y/N No
Originating Board recolorado
Year Built 1962
Annual Tax Amount $2,951
Tax Year 2021
Lot Size 6,534 Sqft
Acres 0.15
Property Description
Prime Investment opportunity! Check out the Denver area west and stadium master district plan to see all the exciting redevelopment opportunities for the area. There are 2 brand new apartment complexes being built within 1/4 mile of the property with even more in the planning stages with the city. The area is seeing rapid rental rate growth!
The property is separated out as a 1 bed/1.5 bath, and two (2) 3 bedroom/1 bath units. From top to bottom this has been remodeled to include new landscaping, fresh paint, new flooring, new appliances, updated bathrooms and bedrooms.
2 of 3 units are currently occupied providing the option to house hack! The seller is open to execute a leaseback at market rate upon sale of the property.
The seller is also open to creative financing opportunities including an assumption of current LOW RATE VA Mortgage. Loan is assumable by vets/ non-vets. The seller is also open to carrying a portion of the difference between the assumption and purchase price. Terms negotiable.
Come check out this hassle free property listed at a true 6.1 cap rate and reap the benefits as the area sees massive redevelopment.
Location
State CO
County Denver
Zoning E-TU-C
Rooms
Basement Full
Interior
Heating Forced Air, Heat Pump
Cooling Central Air
Flooring Laminate, Tile
Fireplace N
Appliance Cooktop, Dishwasher, Dryer, Freezer, Refrigerator, Washer
Laundry Multiple Locations
Exterior
Exterior Feature Gas Valve
Garage Finished
Fence Full
Utilities Available Cable Available, Electricity Connected, Internet Access (Wired), Natural Gas Connected, Phone Connected
Roof Type Composition
Parking Type Finished
Total Parking Spaces 3
Garage No
Building
Lot Description Level
Story One
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Stucco
Schools
Elementary Schools Valverde
Middle Schools West Denver Prep
High Schools West
School District Denver 1
Others
Senior Community No
Ownership Individual
Acceptable Financing Cash, Conventional, FHA, Other, VA Loan
Listing Terms Cash, Conventional, FHA, Other, VA Loan
Special Listing Condition None
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Bought with NON MLS PARTICIPANT