$605,000
$599,000
1.0%For more information regarding the value of a property, please contact us for a free consultation.
6 Beds
4 Baths
2,152 SqFt
SOLD DATE : 10/16/2023
Key Details
Sold Price $605,000
Property Type Single Family Home
Sub Type Attached Dwelling
Listing Status Sold
Purchase Type For Sale
Square Footage 2,152 sqft
Subdivision North Monaco Place
MLS Listing ID 3115465
Sold Date 10/16/23
Style Contemporary/Modern,Ranch
Bedrooms 6
HOA Y/N false
Abv Grd Liv Area 2,152
Originating Board REcolorado
Year Built 2009
Annual Tax Amount $2,877
Lot Size 10,018 Sqft
Acres 0.23
Property Description
True value-add investment opportunity in Commerce City. Side by Side Ranch Layout. Duplex built in 2009 with NEW Lifetime Roof in 2023 and NEW Exterior Paint in 2021. Each unit has 3 Bedrooms, 2 Full Baths, living room, full kitchen, laundry room and updated vinyl plank flooring. Both homes have a 2 car garage with opener and separate driveways. Both have fully fenced yards and ample parking with full driveways. Easy to rent. Live in one and rent the other (or rent out both sides). Long term Tenants on month-to-month leases.
Market Rent monthly projected of $2,000 with NET Annual Income projected of $42,000. The building and lot have the necessary required frontage and structure to even sell the units separately after applying for separate tax ID numbers in future. Sell individually or hold as-is for long term investment portfolio. Both units are currently leased monthly with GROSS annual income $40,500 and NET annual income of $35,000. Current Monthly leases $1,700 and $1,675. Market Rent monthly projected of $2,000 with NET Annual Income projected of $42,000.
Separate metering for ALL utilities on both units (electric, gas AND water) payed by tenants. Current long term tenants (month-to-month). A perfect portfolio addition!
Location
State CO
County Adams
Area Metro Denver
Zoning Duplex / Triplex
Direction From N Quebec Parkway go West a little over a miles. Go Right on Kearney St. Take the 3rd Right on 66th Place. Take 2nd Right on Leyden St. Take 1st Left on E 66th Ave. The Duplex is the last building on the Left on the One-Way St. before Monaco St.
Rooms
Basement Crawl Space
Interior
Interior Features Eat-in Kitchen
Heating Forced Air
Cooling Central Air
Appliance Dishwasher, Refrigerator, Microwave, Disposal
Exterior
Garage Spaces 4.0
Fence Fenced
Utilities Available Natural Gas Available, Electricity Available, Cable Available
Roof Type Composition
Porch Patio
Building
Story 1
Sewer City Sewer, Public Sewer
Water City Water
Level or Stories One
Structure Type Wood/Frame,Brick/Brick Veneer,Wood Siding
New Construction false
Schools
Elementary Schools Central
Middle Schools Kearney
High Schools Adams City
School District Adams 14
Others
Senior Community false
SqFt Source Assessor
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Bought with Coldwell Banker Realty 54
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201 Coffman Street # 1902, Longmont, Colorado, 80502, United States