Listing Details
- MLS#: 4556678
- MLS Originator: REcolorado (Denver)
- Property Type: Incomes Property
- Property Subtype: Quadplex
- Status: Sold
- Price: $1,250,000
Property Details
- Bedrooms: 8
- Bathrooms: 4
- Sqft: 3744.00
- Acres: 0.31
- Year Built: 1979
- Parking Count: 2
Newly remodeled and rent-ready multifamily quadplex just a block from Anchutz Medical Center, Childrens Hospital, the brand new VA Hospital and in the heart of the Fitzsimons redevelopment zone! Three units have been updated to include luxury vinyl plank flooring, new appliances and interior paint and are ready for you to place your own tenants. The fourth unit is tenant occupied at $1375 thru 6/30/22, in great shape and was remodeled within last few years. All units are largely identical with 2 large bedrooms, one bathroom, a kitchen with dining area, and a large family room. Each has a stackable washer/dryer, range, dishwasher, and microwave. The entire property has new exterior siding and paint, and the roof and gutters are also new. Trex staircases and balconies are new in 2017. Entirely new electrical system and panels circa 2013. Property has been surveyed and fence is circa 2013. Kitchens and baths in all units remodeled several years ago. Projected 5.1 CAP rate with market rents at $1750/mo. (5% maintenance and 3% vacancy reserves). Each unit has a dedicated detached single car garage and one additional off-street parking space. Walking distance to 13th Ave and Colfax light rail stations. Tons of new retail development directly across the street at Fitzsimons Village. Fitzsimons is said to be the largest medical-related redevelopment project in the United States and will be a major employment center in the region with a potential of 46,000 employees at build-out.
Load & Tax Information
- Previous Year Tax: $ 4,169
- Tax Year: 2020
Heating, Ventilating & Air Conditioning
- Air Conditioning-Room
- Baseboard
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