$605,000
$599,000
1.0%For more information regarding the value of a property, please contact us for a free consultation.
6 Beds
4 Baths
2,152 SqFt
SOLD DATE : 10/16/2023
Key Details
Sold Price $605,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,152 sqft
Price per Sqft $281
Subdivision North Monaco Place
MLS Listing ID 3115465
Sold Date 10/16/23
Style Contemporary
Bedrooms 6
HOA Y/N No
Abv Grd Liv Area 2,152
Originating Board recolorado
Year Built 2009
Annual Tax Amount $2,877
Tax Year 2022
Lot Size 10,018 Sqft
Acres 0.23
Property Description
True value-add investment opportunity in Commerce City. Side by Side Ranch Layout. Duplex built in 2009 with NEW Lifetime Roof in 2023 and NEW Exterior Paint in 2021. Each unit has 3 Bedrooms, 2 Full Baths, living room, full kitchen, laundry room and updated vinyl plank flooring. Both homes have a 2 car garage with opener and separate driveways. Both have fully fenced yards and ample parking with full driveways. Easy to rent. Live in one and rent the other (or rent out both sides). Long term Tenants on month-to-month leases.
Market Rent monthly projected of $2,000 with NET Annual Income projected of $42,000. The building and lot have the necessary required frontage and structure to even sell the units separately after applying for separate tax ID numbers in future. Sell individually or hold as-is for long term investment portfolio. Both units are currently leased monthly with GROSS annual income $40,500 and NET annual income of $35,000. Current Monthly leases $1,700 and $1,675. Market Rent monthly projected of $2,000 with NET Annual Income projected of $42,000.
Separate metering for ALL utilities on both units (electric, gas AND water) payed by tenants. Current long term tenants (month-to-month). A perfect portfolio addition!
Location
State CO
County Adams
Zoning Duplex / Triplex
Rooms
Basement Crawl Space
Interior
Interior Features Eat-in Kitchen, Primary Suite, Smoke Free
Heating Forced Air, Natural Gas
Cooling Central Air
Flooring Carpet, Tile, Vinyl
Fireplace N
Appliance Dishwasher, Disposal, Microwave, Oven, Refrigerator
Laundry In Unit, Laundry Closet, Main Level
Exterior
Exterior Feature Private Yard
Garage Concrete, Exterior Access Door
Garage Spaces 4.0
Fence Full
Utilities Available Cable Available, Electricity Connected, Internet Access (Wired), Natural Gas Connected
Roof Type Composition
Total Parking Spaces 4
Garage Yes
Building
Lot Description Subdividable
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Brick, Frame, Wood Siding
Schools
Elementary Schools Central
Middle Schools Kearney
High Schools Adams City
School District Adams 14
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
Pets Description No
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Bought with Coldwell Banker Realty 54