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Key Details
Sold Price $1,250,000
Property Type Multi-Family
Sub Type Quadplex
Listing Status Sold
Purchase Type For Sale
Square Footage 4,258 sqft
Price per Sqft $293
Subdivision Ralston Valley Gardens #2
MLS Listing ID 4963967
Style Traditional
Bedrooms 10
Year Built 1960
Annual Tax Amount $3,312
Tax Year 2020
Property Description
Turn Key 4-Plex in the heart of Arvada!
This building has been recently updated and most of the rents are now at market value.
- 3 of the 4 units have been fully updated
- Entire building has been updated with new electrical panels
- Entire building has also been updated with Central AC
This building should easily run at a 4.73% cap rate at current rents and can achieve a 5.12% cap if the un-renovated unit is updated and brought to market rent.
These units are especially desirable to tenants due to its close proximity to many shops, restaurants, I-70, mountains. The units also all have private backyards with additional storage sheds!
Location
State CO
County Jefferson
Interior
Heating Forced Air
Cooling Central Air
Flooring Carpet, Laminate
Laundry In Unit
Exterior
Exterior Feature Private Yard
Utilities Available Cable Available, Electricity Available, Electricity Connected, Internet Access (Wired), Natural Gas Available, Natural Gas Connected
Roof Type Composition
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
Elementary Schools Allendale
Middle Schools Drake
High Schools Arvada West
School District Jefferson County R-1
Others
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Special Listing Condition None
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Bought with MB REAL ESTATE SALES
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