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Key Facts

Type Multi Family
Levels Residential Income
Size 3588 sqft
Garage Yes
Taxes $4,519
Days Active 10
Lot Size 
Approx. Age 1967
Avg. Price Per Sqft $231
MLS® Number 8504297

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Fully leased 4-plex in the heart of well established Applewood area of Wheat Ridge, across the street from a charming park and just off Kipling and 38th. This property is ideally positioned south of I70, just minutes from Downtown Denver or Golden. Priced at $830, 000, this fully leased value-add opportunity features four 2BR/1BA units, plentiful off street parking in designated lot, and additional income from laundry and utility reimbursements (RUBS). Currently producing a 5.57% cap rate. Could use light renovations but running smoothly as is and any future updates could be handled minimally, during next turns. Local demographics and the central location with proximity to all major thoroughfares provide this property's long term value and rental demand. Surrounding residential area has experienced a major rejuvenation and modern development with high end SFRs. Investors should jump at this rare multifamily opportunity in this highly desirable, growth-oriented corridor. Please reach out to Kelly Taylor Blakesley at Atlas Real Estate at 720-383-8708 or [email protected] with any questions.Show Description
MLS® Number8504297
Laundry LevelCommon Area
Central VacNo
FireplaceNo
Acreage0.2
Exterior
GarageYes
Approx. Age1967
Basement
Driveway
Garage Spaces
HeatBaseboard
A/CRoom Air Conditioner
Heating Fuel

Extras

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