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Key Details
Sold Price $475,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,991 sqft
Price per Sqft $238
Subdivision Valley Vista
MLS Listing ID 7492086
Sold Date 11/22/23
Style Traditional
Bedrooms 4
HOA Y/N No
Abv Grd Liv Area 1,991
Originating Board recolorado
Year Built 1949
Annual Tax Amount $3,060
Tax Year 2022
Lot Size 0.300 Acres
Acres 0.3
Property Description
Only Duplex Priced Below $650,000 In Wheat Ridge In The Last 6 Months - Instant Equity - Cash Flows Even With These Interest Rates *** 3501 The 2 Bedroom Side Is Vacant, You Pick Your Tenant (Maybe It's You), You Decide How Much Work ($1000 or $10,000) Before You Rent It *** 3505 The 3 Bedroom Side Has Long Term Month To Month Tenant Who Wants To Stay, Has Had The Same Rent For The Last 3 Years and Knows A Rent Increase Is Coming, (DDRC pays the majority of the rent and it just passed their inspection) - Each Unit Has It's Own Private Large Fenced Yard - New Roof and Gutters July 2023 - (6% Projected Cap Rate At $650,000) - Live In 1 Side and Rent The Other Side - Lots of Upside! - Washer/Dryer hookups in both units (tenants supply w/d) - Each has their own fenced yard - pet friendly tile floors in both units - minimal work has been performed on both units but are rentable as is - do a little work now and a little more next year - *** More Photos of 3505 will be uploaded Wednesday afternoon - please use those photos until accepted offer *** Please see MLS Supplements Prior To Showing ***
Location
State CO
County Jefferson
Zoning R2
Interior
Interior Features Ceiling Fan(s), Eat-in Kitchen, High Speed Internet, Tile Counters, Walk-In Closet(s)
Heating Forced Air, Natural Gas
Cooling None
Flooring Tile
Fireplace Y
Appliance Dishwasher, Disposal, Range, Range Hood, Refrigerator, Sump Pump
Laundry In Unit, Main Level, Multiple Locations
Exterior
Exterior Feature Private Yard, Rain Gutters
Parking Features Concrete, Driveway-Gravel
Fence Full
Utilities Available Cable Available, Electricity Connected, Internet Access (Wired), Natural Gas Connected, Phone Available
Roof Type Membrane
Total Parking Spaces 6
Garage No
Building
Lot Description Corner Lot
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Block,Stucco
Schools
Elementary Schools Prospect Valley
Middle Schools Everitt
High Schools Wheat Ridge
School District Jefferson County R-1
Others
Senior Community No
Ownership Corporation/Trust
Acceptable Financing 1031 Exchange, Cash, Conventional, VA Loan
Listing Terms 1031 Exchange, Cash, Conventional, VA Loan
Special Listing Condition None
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Bought with MB GUARDIAN RE
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