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William Watson

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

$435,000

Est. payment - /mo

2 Beds

3 Baths

1,618 SqFt

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Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,618 sqft

Price per Sqft $268

Subdivision Colfax Villa Resub 2Nd Flg

MLS Listing ID 4908892

Bedrooms 2

HOA Y/N No

Year Built 1951

Property Sub-Type Duplex

Property Description

*NON-CONFORMING DUPLEX, buyer to do own due diligence. But great purchase for a seasoned investor looking for a TRUE 7.1 CAP RATE in the path of development. SFR turned into duplex with $3520 in current rents. Just received an FHA appraisal at $455,000 with 2nd full kitchen in basement as approved use.

Both units are 2 bed, 1 bath, with spacious open kitchens, laundry in-unit, ample off-street parking and a huge fenced back yard. Both bedrooms are conforming with egress windows (but still don't show up in County Records). Current tenants are lovely and want to stay; they also take care of yard maintenance. Upper lease through August; lower through November.

Cosmetic could use a little TLC at the turn, but major systems are new/updated: New sewer line 2022, new roof 2023, new water heater in lower unit 2026, updated electrical 2026, new shower in lower unit 2026.

Please reach out with any questions. ***Pro Forma & OM available in Supplements; Appraisal & Inspection avail upon request

Location

State CO

County Arapahoe

Rooms

Basement Finished

Interior

Heating Forced Air

Cooling Evaporative Cooling

Exterior

Exterior Feature Private Yard

Waterfront Description Public

Roof Type Composition

Porch Covered, Front Porch, Patio

Private Pool No

Building

Story One

Sewer Public Sewer

Water Public

Schools

School District Elementary: Adams-Arapahoe 28J, Middle/Junior: Adams-Arapahoe 28J, High: Adams-Arapahoe 28J

Others

Senior Community No

Tax ID 031105498

Special Listing Condition None Known

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Listed byKhaya Real Estate LLC

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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832 Elmira ST Aurora, CO 80010