4863-4865 Flower Court

Arvada, CO 80002

Incomes Property  $580,000  Sold

12-04-2018 03:10pm

Property Description

Full remodel of both units including new roof, water heaters, windows, blinds, flooring, interior and exterior paint, and beautiful bath rooms and kitchens. Very close to new G Line Light rail station (1.2 miles) and 0.6 miles to the nearest bus. Convenient to the new Walmart, Costco, Vitamin Cottage, and quick access to I70. Both units have excellent rental history with the smaller side renting at $1400 per month and the larger, 4 bedroom side, renting at $1700 per month. The smaller side tenant just re-signed a new lease and the larger unit ends in November, however they would like to stay if it is an option. Excellent cash flow and great investment in Arvada!

Listing Details

MLS#
8257926
MLS Originator
REcolorado (Denver)
Off Market Date
10-28-2018 12:00am
Original Price
$580,000
Distance to Bus
0.60
Distance to Rail
1.20
Nearby Attraction
Adjacent to Greenbelt

Property Details

Property
Income
Property Subtype
Income
Status
Sold
Status Conditions
None Known
Last Update
12-04-2018 03:10pm
Bedrooms
6
Bathrooms
3
SqFt
2204
Year Built
1972
Der PSF Total
263.16

Map

Property Level and Sizes

SqFt Lot
14068.00
SqFt Finished
2204
SqFt Basement
425
SqFt Above
1779

Financial Details

Sold Price
$580,000
Previous Year Tax
$2,461
Terms and Conditions
Cash, Conventional, Exchange, FHA, Jumbo
Owner Paid Utilities
Property Tax,Water
Transaction Type
For Sale

Interior Details

Cooling
None
Heating
Forced Air
Heating Fuel
Gas

Exterior Details

General
Adjacent to Greenbelt
Features
Fence, Front Porch, Yard
Base Type
Garden Level
Base Finished
Yes
Base Floor Plan
Slab
Base Size
Partial
Basement Finished %
100
Parking Spaces
1
Vehicle Spaces
2
Type
# of Space
L x W
Description
Garage (Attached)
2
-

Exterior Construction

Building Type
Duplex (all units)
Structure
Multi-Level
Roof
Composition Shingles
Construction
Brick, Wood Siding
Architectural Style
Contemporary
Exterior Features
Fence, Front Porch, Yard
Construction Method
Brick,Frame
Builder Source
County Records

Schools

School District
Jefferson County R-1
Elementary School
Arvada K-8
Middle School
Arvada K-8
High School
Arvada

Condominium Projections

Annual Actual Expenses
25000
Annual Projected Expenses
25000
Annual Actual Income
37800
Annual Projected Income
43200
Annual Actual Net Income
12800
Annual Projected Net Income
18200
Unit Furnished
0

Land Details

PPA
1812500.00
Lot Width
0.00
Road Surface
Paved Road

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