*NON-CONFORMING DUPLEX, buyer to do own due diligence. But great purchase for a seasoned investor looking for a TRUE 7.1 CAP RATE in the path of development. SFR turned into duplex with $3520 in current rents. Just received an FHA appraisal at $455,000 with 2nd full kitchen in basement as approved use.
Both units are 2 bed, 1 bath, with spacious open kitchens, laundry in-unit, ample off-street parking and a huge fenced back yard. Both bedrooms are conforming with egress windows (but still don't show up in County Records). Current tenants are lovely and want to stay; they also take care of yard maintenance. Upper lease through August; lower through November.
Cosmetic could use a little TLC at the turn, but major systems are new/updated: New sewer line 2022, new roof 2023, new water heater in lower unit 2026, updated electrical 2026, new shower in lower unit 2026.
Please reach out with any questions. ***Pro Forma & OM available in Supplements; Appraisal & Inspection avail upon request
Property details
Property
Type
Duplex
MLS type
Residential Income
Status
Active
Year built
1951
Stories
1
Living area
1,618 sqft
Price / sqft
$260
MLS #
4908892
Interior
Features
Finished
Heating
Forced Air
Cooling
Evaporative Cooling
Exterior & lot
Features
Private Yard
Roof
Composition
Patio & porch
Covered, Front Porch, Patio
Schools
District
Adams-Arapahoe 28J
Elementary
Fulton
Middle
Aurora West
High
Aurora Central
Utilities
Water
Public
Sewer
Public Sewer
Financial
Annual tax
$2,886
Parcel
031105498
Special conditions
None Known
Location
Subdivision
Colfax Villa Resub 2nd Flg
County
Arapahoe
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