7325 W Arkansas Ave new Save Request In-Person Tour Request Virtual Tour
Lakewood,CO 80232
Key Details
Property Type Single Family Home
Sub Type Income Property
Listing Status Active
Purchase Type For Sale
Square Footage 2,751 sqft
Price per Sqft $417
Subdivision Cedar Place
MLS Listing ID 2756204
Bedrooms 5
HOA Y/N false
Abv Grd Liv Area 2,751
Year Built 1973
Annual Tax Amount $4,503
Property Sub-Type Income Property
Source REcolorado
Property Description
Rare opportunity to purchase a side-by-side duplex with two separate 24'X32' detached garages (6-CAR) in the back. Projected income of $93,600/per year or 7.3% CAP Rate! Use the garages as your 3rd and 4th streams of rental income, or use one or both for all the cars and outdoors toys you have. Private, gated entry into both garages. Extra space for outdoor storage on each side and plenty of extra concrete in front of each garage for even more space. The garages are only about 7-years-old, each measure 24'X32'. The west garage is unfinished, with projected income of between $1,000-$1,200/per month. The east garage could be your next "man cave" because it is insulated, finished/floored attic with access, has electric heat, and projected rental income of $1,300 to $1,500/per month. Unit #7335 is a 3-bedrooms, 2-bathroom, ranch-style unit that is currenting renting at $2,500/per month. This unit has a new furnace, new AC unit, and new tankless water hater. Unit #7325 is a 3-bedroom, 2-bathroom, split-level unit that is currently renting at $3,000/per month. This unit's heat is hot water boiler heat. Each unit is metered separately for gas, electric, and both units have separate water taps/separate water lines. The owner doesn't pay any utilities. The tenants are responsible for yard maintenance and snow removal. Each of the units has an attached 1-car garage in front and covered patios in the backyard as well. New exterior paint. Don't miss this tremendous opportunity to purchase this unique investment opportunity or opportunity to live in one of the units and have all the storage you need. Seller financing is an option. Schedule a showing today before it's gone.
Location
State CO
County Jefferson
Area Metro Denver
Rooms
Basement Partially Finished
Interior
Heating Forced Air,Hot Water
Cooling Central Air,Wall/Window Unit(s)
Exterior
Garage Spaces 8.0
Fence Partial
Roof Type Composition
Porch Patio
Building
Story 2
Sewer City Sewer,Public Sewer
Level or Stories Two
Structure Type Wood/Frame,Brick/Brick Veneer,Wood Siding
New Construction false
Schools
Elementary Schools Lasley
Middle Schools Alameda Int'L
High Schools Alameda Int'L
School District Jefferson County R-1
Others
Senior Community false
SqFt Source Assessor
Special Listing Condition Private Owner