$400,000
$520,000
23.1%For more information regarding the value of a property, please contact us for a free consultation.
2 Beds
2 Baths
1,408 SqFt
SOLD DATE : 06/22/2023
Key Details
Sold Price $400,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,408 sqft
Price per Sqft $284
Subdivision South Broadway Heights
MLS Listing ID 6199411
Sold Date 06/22/23
Bedrooms 2
HOA Y/N No
Originating Board recolorado
Year Built 1949
Annual Tax Amount $2,229
Tax Year 2022
Property Description
Two great rental units under one roof. A duplex in a single-family neighborhood. This cash-flowing investment property sits on an enormous 12,850 square foot lot. It combines the appeal of quiet residential living with immediate steady cash and future redevelopment possibilities. Each unit is an efficient 1BR/1BA with its own gas and electric meter. Englewood public water is on a shared meter, and a working well produces “free” unmetered water for irrigating the massive lawn. Both units are tenant-occupied through March 2024. Significant opportunity for rent increases with current rates approximately 30 percent below market. The garage is “duplexed” as well, divided by a wall with storage galore and one parking space per side. Plus tons of additional parking on the street and just off the low-traffic cul-de-sac alley. Zoning legislation at the local and state level may create new development possibitlies. This property is the perfect house hack, cash-flowing income investment, and land-bank play pending zoning changes. Buyers should exercise due diligence.
Location
State CO
County Arapahoe
Interior
Heating Forced Air
Cooling None
Fireplace N
Exterior
Garage Spaces 2.0
Roof Type Composition
Total Parking Spaces 2
Garage No
Building
Story One
Sewer Public Sewer
Level or Stories One
Structure Type Frame
Schools
Elementary Schools Cherrelyn
Middle Schools Englewood
High Schools Englewood
School District Englewood 1
Others
Senior Community No
Ownership Individual
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Special Listing Condition None
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Bought with DWELL ELITE HOMES REAL ESTATE LLC
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