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William Watson

bill@watsonrg.com +1(720) 463-0002

$950,000

Est. payment - /mo

8 Beds

4 Baths

3,394 SqFt

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Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Pending

Purchase Type For Sale

Square Footage 3,394 sqft

Price per Sqft $279

Subdivision Rockridge

MLS Listing ID 8359411

Style Traditional

Bedrooms 8

Full Baths 3

HOA Y/N No

Year Built 1962

Lot Size 8,189 Sqft

Acres 0.19

Property Sub-Type Single Family Residence

Property Description

Rare opportunity to own a triplex in one of Golden's most desirable and supply constrained locations. Offering a 5.78% cap rate based on current rents, this well maintained property provides immediate, stable cash flow and excellent long term investment potential.

All three units are currently rented, generating $5,995 per month in gross rental income, with Unit 1 at $1,850 per month, Unit 2 at $2,750 per month, and Unit 3 at $1,395 per month. Unit 2 is leased through July 2027, while Unit 3 is currently month to month. The property offers a versatile unit mix, and two of the three units feature private fenced yards. Professionally xeriscaped landscaping provides attractive, low maintenance curb appeal.

The location is one of the property's greatest advantages. South Table Mountain trails and open space are directly across the street, while Colorado School of Mines, downtown Golden, NREL, restaurants, breweries, shopping, and recreation are all just minutes away. Convenient access to Highway 6 and I-70 provides easy commuting to Denver, Boulder, and throughout the Front Range while allowing tenants to enjoy everything the Golden lifestyle has to offer.

For investors looking to expand their portfolio, the neighboring triplex at 1617 Salvia Street is also available, creating an extremely rare opportunity to acquire one or both properties and establish a larger multifamily investment in Golden.

With all three units currently producing income, a strong Golden location, limited competing multifamily inventory, and the opportunity to purchase the neighboring triplex as well, this is a compelling opportunity for an investor looking for immediate cash flow and long term appreciation potential.

Location

State CO

County Jefferson

Direction East

Rooms

Basement Partial, Walk-Out Access

Interior

Interior Features Open Floorplan

Heating Forced Air

Cooling Air Conditioning-Room, Attic Fan

Flooring Carpet, Vinyl, Wood

Fireplaces Number 2

Fireplaces Type Basement, Family Room

Appliance Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer

Laundry In Unit

Exterior

Exterior Feature Private Yard

Fence Partial

Utilities Available Electricity Connected, Natural Gas Connected, Phone Available

View Mountain(s)

Roof Type Composition

Porch Covered, Front Porch

Private Pool No

Building

Faces East

Story One

Sewer Public Sewer

Architectural Style Traditional

Schools

School District Elementary: Jefferson County R-1, Middle/Junior: Jefferson County R-1, High: Jefferson County R-1

Others

Senior Community No

Tax ID 062206

Special Listing Condition None Known

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Listed byMcClure and Associates

Nearby Locations

"Many agents say they put their client’s needs first, but the Watson Realty Group are on a mission to actually do it by providing their clients several GUARANTEE programs that take the risk out of selling or buying a home. We are passionate about providing these guarantees, and at the same time making each of our clients feel as though they are our only client. We Live Here, We Work Here and We are Here to Serve You! "

+1(720) 463-0002

bill@watsonrg.com

CO, USA

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1621 Salvia ST Golden, CO 80226