Price

$899,999

Sqft

4704.00

Baths

6

Beds

6

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Description

Great opportunity for this well cared for, value-add, Tri-plex with the ability to achieve a 9% cap rate by adding bedrooms.

Owner occupied for 36 Years! Tenants will love what this property has to offer! Perfect to live in one unit and rent the others or buy as an investment.

This property qualifies for a credit of 1.75% of the loan amount when financed through Guardian Mortgage that can be used to buy the rate down or towards closing costs.

Located in a quiet corner of the neighborhood, just east of Lowry and the Common Grounds golf course. Two miles south of the Fitzsimons Medical Center. Easy access to the Highline Canal.

Side-By-Side, Townhouse-style apartment Units.  Currently 2bd, 1.5ba units with unfinished basements ready for 3rd or even 4th bedrooms. Easy value add!

3 car garage and additional off street parking for cars or an RV.  Very unique for the  area!  

Nice rear patios and large back yard. Mountain views from the upstairs bedrooms!

Lots of updates including new exterior siding and paint, updated flooring, fresh interior paint, some new windows, and newer counter tops. Middle unit has central A/C!

7.6% cap rate with current 2bd units.  Easily add bedrooms to achieve an 8 or 9% cap rate.

Two units are currently owner occupied. One unit is vacant. Owners will be moving out at closing.

Property Level and Sizes

SqFt Lot 12023.00
Lot Size 0.28
Basement Unfinished

Interior Details

Appliances Dishwasher, Disposal, Gas Water Heater, Range, Refrigerator
Laundry Features In Basement
Electric Central Air
Cooling Central Air
Heating Forced Air
Fireplaces Features Family Room
Utilities Cable Available, Electricity Connected, Natural Gas Connected

Exterior Details

Exterior Features Private Yard
Lot View Mountain(s)
Water Public
Sewer Public Sewer

Land Details

Road Responsibility Public Maintained Road

Garage & Parking

Parking Features Concrete, Exterior Access Door

Exterior Construction

Roof Composition
Construction Materials Frame
Security Features Smoke Detector(s)
Builder Source Public Records

Financial Details

Previous Year Tax 4017.00
Tax Year 2023

Schools

Elementary School Lansing
Middle School South
High School Aurora Central

  Location

  Schools

Elementary SchoolLansing
Middle SchoolSouth
High SchoolAurora Central

  Walk Score®

Contact Me

Anne O’Brien

Anne O’Brien

HomeSmart Realty Group

About Me & My Skills

Represent clients looking for properties in the Denver, Denver Metro, South Corridor and North Corridor counties of the Front Range. Work in the challenging Denver real estate market, with the skills needed to locate, negotiate, and close on challenging deals of valuable properties. Bachelors in Mathematics, bringing analytical and technical skills for top value. Successful in negotiation, and strive to exceed client expectations.

From first time home buyers, to investors, to retirees looking to downsize, I find my clients the home that fits their needs, making it one of the healthiest decisions they have made!

Contact me for a current market analysis of your property, and/or to help customize a live search for your perfect Colorado home.

My History

- Specialize in Multi-family: duplex, and triplex listings in Denver metro areas
- First time home buyers love me
- Highly reviewed by Seniors
- Successfully executed contracts
- Successfully winning bidding wars
- Investor network actively looking to build to their portfolio
- 1031 exchange resource
- Knowledgeable about current market trends
- Reliable, experienced, passionate and goes above and beyond!
- Private listings

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