8 Beds
4 Baths
3,638 SqFt
8 Beds
4 Baths
3,638 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,638 sqft
Price per Sqft $329
Subdivision Peak Investments
MLS Listing ID 2940083
Bedrooms 8
HOA Y/N No
Abv Grd Liv Area 3,638
Originating Board recolorado
Year Built 1976
Annual Tax Amount $4,367
Tax Year 2024
Lot Size 0.450 Acres
Acres 0.45
Property Sub-Type Quadplex
Property Description
This is a rare opportunity to acquire two fully separate duplexes with huge detached garage on a combined double lot in under-the-radar, high-demand Commerce City. Offering immediate income, long-term upside, and flexible development potential. Three units renovated and value-add renovation potential on fourth unit. All units fully leased and stable. Individually metered, all with laundry hookups.
__Strong Financials & Cash Flow__
• Offered as-is at a 6.5% cap rate, with pro forma projections almost 7.2% cap (includes vacancy and mgmt allowances)
• Pro forma Total Returns achieving 9.5% based on typical investment loan terms (detailed pro forma available)
• All units currently filled, rented below market, providing immediate upside through rent adjustments
• Four detached storage units on-site offer additional income potential
• Stable rent history with consistent increases over time
__Development Potential on Nearly Half an Acre__
• Zoned R-3 with lot size of .4545 acres
• Each building has separate sewer mains, providing critical infrastructure for future development
• Expansive side yards and an enormous unused rear lot open the door for increased density or phased development
• Ideal for investors to rent one building while developing the other, leveraging existing cash flow to fund expansion
• Perfect for a buy-and-hold strategy, combining immediate income stability with appreciation potential
__Low-Maintenance Asset with Curb Appeal__
• Durable stucco exteriors, quality roof, and xeriscaped front yard reduce operating costs
• Tenant-maintained backyard minimizes owner responsibilities
• Full front privacy fence enhances aesthetics and tenant satisfaction
• Clean and easy to lease, low maintenance tenants
Agent has interest
Location
State CO
County Adams
Zoning R-3
Interior
Interior Features Ceiling Fan(s), High Speed Internet, Quartz Counters
Heating Natural Gas
Cooling Air Conditioning-Room, Evaporative Cooling
Flooring Tile, Vinyl
Fireplace N
Appliance Dishwasher, Disposal, Gas Water Heater, Oven, Range, Refrigerator, Washer
Laundry In Unit
Exterior
Parking Features Driveway-Gravel
Fence Full
Roof Type Composition
Total Parking Spaces 4
Garage No
Building
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Stucco
Schools
Elementary Schools Dupont
Middle Schools Adams City
High Schools Adams City
School District Adams 14
Others
Senior Community No
Ownership Agent Owner
Acceptable Financing 1031 Exchange, Cash, Conventional, FHA
Listing Terms 1031 Exchange, Cash, Conventional, FHA
Special Listing Condition None
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
3204 N Academy Blvd Suite 120, springs, CO, 80917, United States