WOW! Turn Key- 5 UNITS - TWO BUILDINGS easy 6.8 cap rate with potential for 10 cap with creativity. These properties aren't available very often. This incredibly clean and updated property consists of 2 structures. DUPLEX AND A TRIPLEX on one lot. The front structure is a legal UP/DOWN DUPLEX built in 1951, separately metered with separate heating systems. Both units are spacious 896 sq. ft. 2 bedroom units. It is currently occupied by the owner but is clean and ready to go to be rented out to 2 separate tenants. There is a shared entrance in the rear of the building leading to a common stairwell and shared laundry room. The duplex recently has a new roof, new furnace and AC unit for the upper unit. This is an EASY duplex rental or to really crank up the returns Short term rent one of the units or both to get an 9+ cap rate. This property has a Denver Address but is in Adams County and non-owner occupant owners can short term rent properties out unlike most Denver Metro counties. The SECOND structure is a TRIPLEX consisting of 3 1-bedroom units. ALL are metered separately. All have been remodeled recently with a new roof and newer windows. All 3 units are leased out through March or April 2021 and have a combined gross rent of $3,050. Tenants pay all their own utilities and heat is electric baseboard. All triplex units are super low maintenance with Luxury Vinyl flooring and some carpet. There are so many income options. Lots of owner occupant house hack options or keep it turn key with 5 units. Great Location close to Highlands amenities, restaurants and shops, as well as Regis University. Lots of development happening nearby, between ARIA, Midtown and Clear Creek. Great access to I70, I76 and a quick 20 minute jaunt to Boulder.
Virtual Walkthrough tours links: DUPLEX: https://vimeo.com/414966703 TRIPLEX and Grounds: https://vimeo.com/414964834
Your Castle Real Estate Inc.
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Listing information last updated on August 6th, 2020 at 12:15am MDT.