$605,000
$700,000
13.6%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
4 Baths
3,544 SqFt
SOLD DATE : 05/25/2023
Key Details
Sold Price $605,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,544 sqft
Price per Sqft $170
Subdivision Del Ray
MLS Listing ID 6478251
Bedrooms 8
Year Built 1962
Annual Tax Amount $2,652
Tax Year 2022
Lot Size 0.260 Acres
Property Sub-Type Duplex
Property Description
Introducing your home hacker dream! Living for free in beautiful Arvada, or as a investor who wants a 8 cap! This incredible duplex setup in Arvada offers you the opportunity to live for free, or rent out all three living spaces. Or even higher if you Airbnb one of the units, this is an incredible opportunity that doesn't come around often. Main unit of the duplex is larger, and has a basement with a easy separate entrance access from the back of the house. The second side of the duplex is smaller but has a finished basement also. Three private yards spaces and a separate garage as well! Duplex has 8 bedrooms, and 4 baths.. Each unit is a 4/2.. To understand the layout and square footage, you have to see it. Yes, it's a Fixer Upper special needs some work but offers HUGE savings as it's priced to sell – With some elbow grease and effort. The garage is separated, so each unit can have its own 1-car garage. Rent estimates: As 2/1, you could have 3 units, if you separate the basement on the larger unit, and comparable units are renting around $1,800 a month.. The smaller unit 4/2 should rent around $2,000 a month.. Airbnb estimate is around $3,080 a month, a 2/1 up the street is average $104 a night. As a potential 8% Cap Rate, this is an incredible opportunity that doesn't come around often.
Location
State CO
County Jefferson
Interior
Heating Baseboard, Hot Water
Cooling None
Exterior
Exterior Feature Dog Run, Lighting, Rain Gutters
Parking Features Concrete
Garage Spaces 2.0
Fence Partial
Utilities Available Cable Available, Electricity Connected, Internet Access (Wired), Phone Available
Roof Type Composition
Building
Foundation Block
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
Elementary Schools Secrest
Middle Schools North Arvada
High Schools Arvada
School District Jefferson County R-1
Others
Acceptable Financing Cash, Conventional, VA Loan
Listing Terms Cash, Conventional, VA Loan
Special Listing Condition None
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Bought with HomeSmart Realty
3204 N Academy Blvd Suite 120, springs, CO, 80917, United States