6065 Otis Street

Arvada, CO 80003

Incomes Property  $550,000  Under Contract

07-14-2017 03:00pm

Great investment. Rare multi unit on large private lot on quiet cul-de-sac. Solid well built home structurally sound in all the right places. Great bones and mechanics. Live on one side and rent one or two others. Or great for large family seeking separate quarters. Great for Mother-in-law, rental income or nanny quarters. Unlimited possibilities. Quality construction. No issues. Quiet large lot with plenty of space to spread out. Indoor / out door living. Lots of garden area, sprinkler system - carport and several outbuildings, sheds for storage. Great home based location for on site storage of equipment. Back of home, land is gated and secure. Too many features to list. Brand new roof just installed. Must see to appreciate.

MLS#
7315358
MLS Originator
REcolorado (Denver)
Off Market Date
07-14-2017 12:00am
Original Price
$550,000
Distance to Bus
5.00
Distance to Rail
10.00
Nearby Attraction
Cul-de-Sac

Property
Income
Property Subtype
Income
Status
Under Contract
Status Conditions
None Known
Last Update
07-14-2017 03:00pm
Bedrooms
7
Bathrooms
4
SqFt
4392
Year Built
1988
Der PSF Total
125.23

SqFt Lot
15682.00
SqFt Finished
4003
SqFt Basement
1946
SqFt Above
2446

Previous Year Tax
$2,809
Terms and Conditions
Cash, Conventional, FHA, VA
Transaction Type
For Sale

Interior Features
Eating Space / Kitchen, Heated Basement, Pantry
Appliances
Dishwasher, Disposal, Microwave Oven, Refrigerator (Kitchen), Smoke Alarm, Stove/Range/Oven
Flooring
Carpet, Laminate, Vinyl/Linoleum
Cooling
Evaporative Cooler (Swamp)
Heating
Forced Air
Heating Fuel
Gas
Utilities
Cable TV, Internet Access (Wired), Telephone

Baths Full
0
Laundry Availability
W/D Hookups in Unit

General
Cul-de-Sac
Features
Covered Patio, Deck, Fence, Front Porch, Garden Area, Patio, Sprinkler System, Utility Shed, Yard
Base Type
Standard
Base Finished
Yes
Base Size
Full
Basement Finished %
80
Parking Spaces
4
Parking Features
Dry Walled
Vehicle Spaces
5
Type
# of Space
L x W
Description
Carport (Detached)
1
-
Garage (Attached)
1
20'5" x 10'6"
Garage (Attached)
1
20'5" x 10'6"
Garage (Detached)
2
-

Building Type
Duplex (all units),Triplex (all units)
Structure
Ranch/1 Story
Roof
Composition Shingles
Construction
Wood Siding
Architectural Style
Traditional
Exterior Features
Covered Patio, Deck, Fence, Front Porch, Garden Area, Patio, Sprinkler System, Utility Shed, Yard
Features
Fire Alarm,Individual Basement
Construction Method
Frame
Builder Source
County Records

School District
Jefferson County R-1
Elementary School
Secrest
Middle School
North Arvada
High School
Arvada

Annual Actual Expenses
4600
Annual Projected Expenses
8000
Annual Actual Income
22000
Annual Projected Income
48000
Annual Actual Net Income
17400
Annual Projected Net Income
40000
Unit Furnished
0

PPA
1527777.78
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: 6065 Otis Street, Arvada, CO 80003
- Property Type: Incomes Property, 7 beds, 4 baths, 4392 SqFT
- Selling Price: $550,000
 
Average Price (Cumulative Number of Properties)
 
Last 3 months
Last 6 months
Last 9 months
Last 12 months
Area 1 (< 1 mile)
$550,000 (1)
$550,000 (1)
$550,000 (1)
$550,000 (1)
Area 2 (1-2 miles)
$550,000 (1)
$550,000 (1)
$550,000 (1)
$550,000 (1)
Area 3 (2-3 miles)
$550,000 (1)
$570,000 (2)
$540,367 (3)
$540,367 (3)
Area 4 (3-5 miles)
$550,000 (1)
$570,000 (2)
$540,367 (3)
$520,925 (4)

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