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Key Details
Sold Price $535,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,472 sqft
Price per Sqft $363
Subdivision Harris Park
MLS Listing ID 9700545
Sold Date 08/24/22
Bedrooms 4
HOA Y/N No
Abv Grd Liv Area 1,472
Originating Board recolorado
Year Built 1960
Annual Tax Amount $3,057
Tax Year 2021
Acres 0.17
Property Description
This side-by-side duplex is a great investment that has tremendous upside potential. It is only three minutes from the Westminster Light Rail Station. It is also less than ten minutes from downtown Westminster. It is also less than five minutes from Westminster High School, Harris Park Elementary, VASA Fitness, Run Westy Run Food Truck Park, King Soopers, Walmart Super Center, and other dining/shopping options.
The roof, appliances, and electrical are only TWO years old. The seller also did a spot repair on the sewer.
Both units have new-ish vanities and toilets as well.
Unit 7413 also has stainless steel appliances and LVP flooring that gives.
The units are currently furnished and the furniture can be negotiated into the deal.
The cap rate is based on Airbnb income. Based on a $1450/Unit/Mo. for a long-term rental, this is being sold at a little over a 5-cap. Rent Rolls are available in the supplemental documents as well as a Clear AVM appraisal by Clear Capital.
This duplex is a fantastic buy & hold property with long-term or short-term rental potential. It is currently utilized as an Airbnb.
Location
State CO
County Adams
Zoning R-3
Interior
Heating Forced Air
Cooling Other
Flooring Carpet, Tile, Vinyl, Wood
Fireplace N
Appliance Dishwasher, Dryer, Gas Water Heater, Range, Self Cleaning Oven, Washer
Laundry In Unit
Exterior
Garage Driveway-Gravel
Fence Full
Utilities Available Cable Available, Electricity Available, Electricity Connected, Internet Access (Wired), Natural Gas Available, Natural Gas Connected, Phone Available, Phone Connected
Roof Type Composition
Total Parking Spaces 2
Garage No
Building
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Brick, Frame
Schools
Elementary Schools Westminster
Middle Schools Shaw Heights
High Schools Westminster
School District Westminster Public Schools
Others
Senior Community No
Ownership Corporation/Trust
Acceptable Financing 1031 Exchange, Cash, Conventional, FHA, Jumbo, VA Loan
Listing Terms 1031 Exchange, Cash, Conventional, FHA, Jumbo, VA Loan
Special Listing Condition None
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
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Lanny Adleman
Broker Associate | License ID: FA.100100183
Broker Associate License ID: FA.100100183