$1,130,000
$1,150,000
1.7%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
4 Baths
2,832 SqFt
SOLD DATE : 11/01/2021
Key Details
Sold Price $1,130,000
Property Type Single Family Home
Sub Type Income Property
Listing Status Sold
Purchase Type For Sale
Square Footage 2,832 sqft
Subdivision Platt Park
MLS Listing ID 8930586
Sold Date 11/01/21
Style Contemporary/Modern,Ranch
Bedrooms 8
HOA Y/N false
Abv Grd Liv Area 2,832
Originating Board REcolorado
Year Built 1951
Annual Tax Amount $4,395
Lot Size 6,098 Sqft
Acres 0.14
Property Description
Tenants LOVE this location! Value add opportunity for the savvy investor as the rents have not been increased in years. Making some overdue adjustments to the rental rates, OPEX structure and the proforma demonstrates a potential 4.58% cap opportunity and a total 10.64% return before taxes. Located in Platt Park so the units are always in demand! The owner remodeled one of the units in 2020 leaving room to improve the other units moving forward. That said, the proforma is based on making additional improvements or renovations at this time.
Location
State CO
County Denver
Area Metro Denver
Zoning U-RH-2.5
Direction From Wash park, go west on Louisiana to property on corner of Logan and Louisiana.
Interior
Heating Forced Air
Cooling Room Air Conditioner
Appliance Self Cleaning Oven, Dishwasher, Refrigerator, Microwave, Disposal
Exterior
Garage Spaces 2.0
Fence Fenced
Utilities Available Natural Gas Available, Electricity Available, Cable Available
Roof Type Rubber
Handicap Access Level Lot
Porch Patio
Building
Lot Description Gutters, Lawn Sprinkler System, Corner Lot, Level
Faces East
Story 1
Sewer City Sewer, Public Sewer
Water City Water
Level or Stories One
Structure Type Wood/Frame,Brick/Brick Veneer,Concrete
New Construction false
Schools
Elementary Schools Mckinley-Thatcher
Middle Schools Grant
High Schools South
School District Denver 1
Others
Senior Community false
SqFt Source Assessor
Special Listing Condition Private Owner
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