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Key Details
Sold Price $835,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,722 sqft
Price per Sqft $306
Subdivision Westmoor Acres
MLS Listing ID 5030206
Sold Date 05/24/23
Bedrooms 9
HOA Y/N No
Abv Grd Liv Area 2,722
Originating Board recolorado
Year Built 1971
Annual Tax Amount $3,416
Tax Year 2022
Lot Size 0.270 Acres
Acres 0.27
Property Description
9640-9642 W 23rd Ave is an attractive duplex nestled in the Morse Park Neighborhood, a peaceful Lakewood haven. This income property is an ideal location just minutes from Crown Hill Park, with nearby Colfax Ave retail & restaurants, all while being in perfect proximity to Denver’s major arterial highways (6th, I-70, and I-25). With an expansive 6 bedrooms and 2 baths in one of the units, the property is currently under-rented. Investors also have the ability to add value by lightly renovating the units to increase revenue. Tenants are currently on month-month leases.
INVESTMENT SUMMARY
Price: $865,000
Total Units: 2
Price/Unit: $432,500
Current Cap Rate: 5.76%
Market Proforma Cap Rate: 8.05%
Location
State CO
County Jefferson
Rooms
Basement Unfinished
Interior
Heating Forced Air
Cooling Air Conditioning-Room
Fireplace N
Appliance Oven, Range, Refrigerator
Laundry In Unit
Exterior
Parking Features Asphalt
Garage Spaces 2.0
Roof Type Composition
Total Parking Spaces 6
Garage Yes
Building
Lot Description Cul-De-Sac
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Brick, Frame, Wood Siding
Schools
Elementary Schools Slater
Middle Schools Creighton
High Schools Lakewood
School District Jefferson County R-1
Others
Senior Community No
Ownership Individual
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 Keller Williams Preferred Realty
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