5270 Balsam Street

Arvada, CO 80002

Incomes Property  $649,950  Active

07-10-2017 09:53am

Once in a lifetime opportunity to own a one-of-kind property in the "Old Towne" Arvada. This is a two unit (duplex) situated on a treed and very private 1/2 acre lot. Owner has recently invested 60K in exterior improvements, incl. a new 40 year impact resistant roof, new gutters, new ext. paint, and A/C unit for front unit. The owners currently reside in the rear unit which is approximately 1,300 square feet, and constructed in 2001. The rear unit is an open floor plan with 2 bedrooms, 2 bathrooms, a large eat-in kitchen, an attached 20X15 screen porch, an over-sized 3 car garage with work-shop and storage area. There is a large RV parking pad for multiple RV's, and also features a garden area and a beautiful yard. The front unit is 3 bedrooms and 2 baths, and features a family room and a master suite with a 5 piece bath, and has a 1 car garage with a circle drive in front. The front unit is currently rented at $1,700 per mo until 8/31/17. This property can be expanded for future use!

MLS#
5523199
MLS Originator
REcolorado (Denver)
Original Price
$697,000
Nearby Attraction
Ditch

Property
Income
Property Subtype
Income
Status
Active
Last Update
07-10-2017 09:53am
Bedrooms
5
Bathrooms
4
SqFt
3077
Year Built
1920
Der PSF Total
211.23

SqFt Lot
24089.00
SqFt Finished
3077
SqFt Above
3077

Previous Year Tax
$2,374
Terms and Conditions
Cash, Conventional, FHA, VA
Owner Paid Utilities
Electricity,Gas,Water,Television,Internet,Phone
Transaction Type
For Sale

Interior Features
Breakfast Nook, Cable Available, Double Pane Windows, Eating Space / Kitchen, Five Piece Bath, Master Bath, Master Suite, Pantry, Pet Free, Remodeled, Skylights, Smoke Free, Updated, Walk-in Closets
Flooring
Carpet, Tile Floor
Cooling
Air Conditioning-Central, Evaporative Cooler (Swamp)
Heating
Forced Air
Heating Fuel
Gas

Baths Full
0

General
Ditch
Features
Covered Deck, Covered Patio, Deck, Fence, Front Porch, Garden Area, Patio
Base Size
None
Parking Spaces
1
Parking Features
Driveway-Asphalt, Indoor RV Storage, Oversized Deep, Oversized Door, Oversized Wide
Vehicle Spaces
4
Type
# of Space
L x W
Description
Garage (Detached)
4
-

Structure
Ranch/1 Story
Roof
Composition Shingles
Construction
Vinyl Siding
Architectural Style
Traditional
Exterior Features
Covered Deck, Covered Patio, Deck, Fence, Front Porch, Garden Area, Patio
Construction Method
Frame
Builder Source
County Records

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

Annual Actual Expenses
4000
Annual Projected Expenses
8000
Annual Actual Income
21000
Annual Projected Income
41000
Annual Actual Net Income
17000
Annual Projected Net Income
33000
Unit Furnished
0

PPA
1181727.27
Lot Width
0.00

Average Values based on MLS data (realtime)

The following Average Values are calculated based on the following property information
- Property Address: 5270 Balsam Street, Arvada, CO 80002
- Property Type: Incomes Property, 5 beds, 4 baths, 3077 SqFT
- Selling Price: $649,950
 
Average Price (Cumulative Number of Properties)
 
Last 3 months
Last 6 months
Last 9 months
Last 12 months
Area 1 (< 1 mile)
$649,950 (1)
$649,950 (1)
$649,950 (1)
$649,950 (1)
Area 2 (1-2 miles)
$649,950 (1)
$649,950 (1)
$649,950 (1)
$649,950 (1)
Area 3 (2-3 miles)
$649,950 (1)
$649,950 (1)
$649,950 (1)
$649,950 (1)
Area 4 (3-5 miles)
$649,950 (1)
$649,950 (1)
$649,950 (1)
$649,950 (1)

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