$1,200,000
$1,250,000
4.0%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
4 Baths
3,744 SqFt
SOLD DATE : 02/08/2022
Key Details
Sold Price $1,200,000
Property Type Multi-Family
Sub Type Quadplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,744 sqft
Price per Sqft $320
Subdivision Hoffman Heights
MLS Listing ID 4556678
Sold Date 02/08/22
Bedrooms 8
HOA Y/N No
Abv Grd Liv Area 3,744
Originating Board recolorado
Year Built 1979
Annual Tax Amount $4,169
Tax Year 2020
Acres 0.31
Property Description
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.
Location
State CO
County Arapahoe
Interior
Interior Features Breakfast Nook, Laminate Counters, Pantry, Smoke Free
Heating Baseboard
Cooling Air Conditioning-Room
Flooring Vinyl
Fireplace N
Appliance Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
Laundry In Unit
Exterior
Exterior Feature Balcony, Private Yard
Garage Spaces 4.0
Fence Full
Utilities Available Cable Available, Electricity Available, Electricity Connected
Roof Type Architecural Shingle
Total Parking Spaces 8
Garage No
Building
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Brick, Frame
Schools
Elementary Schools Vaughn
Middle Schools South
High Schools Aurora Central
School District Adams-Arapahoe 28J
Others
Senior Community No
Ownership Corporation/Trust
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Special Listing Condition None
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
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