3740 Jay St Wheat Ridge, CO 80033

NEW VIDEO OF THE UPSTAIRS OF THE UP/DOWN DUPLEX. See videos on LOOPNET. TENANT MOVED OUT, UNIT HAS NEW CARPET, NEW PAINT, NEW VANITY IN THE BATHROOM AND WE HAVE A NEW TENANT AT A HIGHER RENT. TENANTS ARE PAYING THEIR RENT! PROPERTY IS FULLY LEASED. ALL TENANTS ARE ON MONTH TO MONTH LEASES AND WOULD LIKE TO STAY. DO NOT BOTHER THE TENANTS!! THIS PROPERTY IS BEING SOLD AS AN INCOME PRODUCING PROPERTY. 6.1% CAP RATE. Large Lot with three houses and 4 one car garages. The main house is a Brick Bungalow with 2 bd 1 ba unit about 1000 sqft up with an 800 sqft basement in the main house. The carriage house in the back is a freestanding house about 570sqft with a private backyard space 1Bd 1 Ba. THE CARRIAGE HOUSE HAS A SOLAR ARRAY 2.5kw PANELS THAT GENERATES A $25 MONTHLY PAYMENT FROM XCEL TO THE PROPERTY OWNER AND THE HOUSE ALSO BENEFITS FROM A REDUCED ELECTRIC BILL FOR ELECTRICITY PRODUCED. The up/down duplex in the back is two 557 sqft units each having a wall mounted gas gravity furnace. No washer or dryer in these units. HIGH DEMAND AREA FOR RENTALS. THESE UNITS RENT QUICKLY. LOTS OF GREAT AMENITIES CLOSE BY.
Furnace and hot water heater in the main house are older. Wall furnaces in the duplex are 5 and 7 yrs old approximately. Carriage house has newer furnace and hot water heater. ALL ROOFS WERE REPLACED IN 2018. THIS PROPERTY HAS A GREAT RENTAL HISTORY. LOW VACANCY. STEADILY RENTED. Sale will be part of a 1031 exchange.