$630,000
$630,000
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6 Beds
3 Baths
1,705 SqFt
SOLD DATE : 02/01/2024
Key Details
Sold Price $630,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,705 sqft
Price per Sqft $369
Subdivision Elyria
MLS Listing ID 1947522
Sold Date 02/01/24
Style Contemporary
Bedrooms 6
HOA Y/N No
Abv Grd Liv Area 1,705
Originating Board recolorado
Year Built 1893
Annual Tax Amount $2,409
Tax Year 2022
Lot Size 5,662 Sqft
Acres 0.13
Property Description
Come and see this turnkey triplex with great rents in fast-developing Elyria-Swansea neighborhood! So much is being built within walking distance at or near the National Western Stock Show Complex. All 3 units have been renovated and updated with long-lasting neutral LVP flooring and fresh paint as each lease turns. Each unit features its own fully fenced front yard patio and dedicated back alley parking space. Each unit has its own water heater and furnace.
Rents are excellent and may even have a tiny bit of room for improvement in one of the units. Priced to cash flow for a worthy investment. Overall expenses are relatively low and stable. Many major repairs and improvements have been made under current ownership. All furnaces are aged 2019 and newer. Gutters have been replaced. Currently professionally managed - increase your cash flow even more by self-management or living in one of the units! Room for additional income - shared laundry is currently not monetized, and there is room to add storage in the side yard to also monetize.
Leases range from one year starting Sept. 2023 down to month-to-month. Fully occupied. Tenant pays electric/gas, internet.
Location
State CO
County Denver
Zoning E-TU-B
Rooms
Basement Crawl Space, Unfinished
Interior
Interior Features Laminate Counters, Smoke Free
Heating Forced Air
Cooling Air Conditioning-Room, None
Flooring Vinyl
Fireplace Y
Appliance Cooktop, Disposal, Dryer, Gas Water Heater, Oven, Refrigerator, Washer
Laundry Common Area, Main Level
Exterior
Exterior Feature Private Yard, Rain Gutters
Garage Concrete
Fence Partial
Roof Type Architecural Shingle
Total Parking Spaces 3
Garage No
Building
Lot Description Level, Near Public Transit
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Brick,Concrete,Frame,Stucco
Schools
Elementary Schools Swansea
Middle Schools Dsst: Cole
High Schools Manual
School District Denver 1
Others
Senior Community No
Ownership Agent Owner
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Special Listing Condition None
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