$440,000
$450,000
2.2%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
4 Baths
2,043 SqFt
SOLD DATE : 01/08/2021
Key Details
Sold Price $440,000
Property Type Single Family Home
Sub Type Attached Dwelling
Listing Status Sold
Purchase Type For Sale
Square Footage 2,043 sqft
Subdivision East Colfax
MLS Listing ID 8895896
Sold Date 01/08/21
Bedrooms 4
HOA Y/N false
Abv Grd Liv Area 2,043
Originating Board REcolorado
Year Built 1985
Annual Tax Amount $2,286
Lot Size 6,098 Sqft
Acres 0.14
Property Description
Rare two unit with each unit having two stories. Ideal floor plan with two bedrooms, a bathroom and a balcony on the top floor. Living room, kitchen, eating space, laundry, half bathroom and a covered patio on the man floor of each unit. Each unit has a fully fenced chain link yard. Each unit has a covered patio and balcony each with storage closest for a total of two storage closets per unit. The roof is approximately five years old and the exterior paint is approximately three years old. The rear unit will be vacant as of 12/7/20 and will be a great opportunity to increase the rent from the $1,250 per month it had been to $1,500 per month. The front unit is on a month to month lease. The owner pays $100 a month for the water bill and bills back any additional cost to the tenants which is typically an additional $50 to $80 per month. From May through October the owner pays to have the grass cut at a cost of $100 per month. Expenses include property tax ($2,286), insurance ($2,300), water ($1,200) and lawn service ($600). The rents can be raised to get a cap rate of 6.6. Loans and property management fees are not figured into the cap rate calculation.
Location
State CO
County Denver
Area Metro Denver
Zoning E-TU-B
Direction From 225 and Colfax head East on Colfax past Havana and Dayton to Xanthia and make a left headed South to 1410 Xanthia Street.
Rooms
Basement Crawl Space
Interior
Heating Forced Air
Fireplaces Type None
Fireplace false
Appliance Dishwasher, Refrigerator, Washer, Dryer
Exterior
Exterior Feature Balcony
Garage Spaces 2.0
Fence Fenced
Utilities Available Electricity Available, Cable Available
Waterfront false
Roof Type Composition
Handicap Access Level Lot
Porch Patio
Building
Lot Description Gutters, Level
Faces West
Story 2
Sewer City Sewer, Public Sewer
Water City Water
Level or Stories Two
Structure Type Wood/Frame,Wood Siding,Concrete
New Construction false
Schools
Elementary Schools Place Bridge Academy
Middle Schools Place Bridge Academy
High Schools George Washington
School District Denver 1
Others
Senior Community false
SqFt Source Assessor
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Bought with Signature Real Estate Corp.
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