$590,000
$650,000
9.2%For more information regarding the value of a property, please contact us for a free consultation.
7 Beds
3 Baths
3,500 SqFt
SOLD DATE : 09/29/2023
Key Details
Sold Price $590,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,500 sqft
Price per Sqft $168
Subdivision Lowry
MLS Listing ID 5363761
Sold Date 09/29/23
Style Traditional
Bedrooms 7
HOA Y/N No
Abv Grd Liv Area 1,750
Year Built 1971
Annual Tax Amount $4,646
Tax Year 2022
Lot Size 6,273 Sqft
Acres 0.14
Property Sub-Type Duplex
Source recolorado
Property Description
Come get this rare side-by-side full duplex that has GREAT cash flow!! At the current rental rate, this property at 650K is close a 7 CAP!!! Where else can you get a 7 CAP in town!! The expenses since ownership is around 5K a year. The front unit has three beds and two baths and has been rented for about 2100-2200 a month. Currently, the front unit is vacant for you to show very quickly. The back unit, which has four beds and two baths, is currently rented for $2100, and their lease is up in Feb. Both units have full basements that are finished out and have excellent ceiling height and floor plans. There is also a two-car detached brick garage that recently got a new garage door and opener. The location is close to all the great retail that Lowry has to offer! If you are looking for an excellent long-term investment to park cash and get better cash flow than the stock market, the bank, or any money market, this is the deal for you! This full duplex could also be a great spot to live in one side and rent on the other. The options are endless.
Location
State CO
County Arapahoe
Rooms
Basement Finished, Full
Interior
Heating Forced Air
Cooling None
Fireplace N
Appliance Dishwasher, Microwave, Range, Refrigerator
Laundry In Unit
Exterior
Garage Spaces 2.0
Roof Type Composition
Total Parking Spaces 2
Garage No
Building
Lot Description Level
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Brick
Schools
Elementary Schools Boston K-8
Middle Schools Boston K-8
High Schools Aurora Central
School District Adams-Arapahoe 28J
Others
Senior Community No
Ownership Corporation/Trust
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Special Listing Condition None
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