14193 E Montana Circle

Aurora, CO 80012

Incomes Property  $800,000  Active

10-07-2019 02:47pm

Property Description

7.3% cap rate. 14% cash on cash return. No HOA! Each large triplex unit has 3BR / 2 bath / 1 garage / private yard. Two units have been fully renovated and one unit has been partially renovated. One unit has long term section eight tenant at $1815 / mo, which is eligible for rent increase 3/31/20. One unit has a lease/option tenant (unlikely to ever purchase) at $2250 / mo. One unit is vacant and available for you to see. Rent comps indicated $1900-$2000 / month. We can fill unit for you, if you want, once we are under contract and past inspection. Only vacant unit can be seen until it goes UC. Email us for full financial analysis. Seller can be somewhat flexible to accommodate buyer’s 1031x needs. Open to reasonable creative financing options.

Listing Details

MLS#
9128275
MLS Originator
REcolorado (Denver)
Original Price
$800,000
Distance to Bus
0.50
Distance to Rail
1.00

Property Details

Property
Income
Property Subtype
Income
Status
Active
Last Update
10-07-2019 02:47pm
Bedrooms
9
Bathrooms
6
SqFt
4350
Year Built
1980
Der PSF Total
183.91

Map

Property Level and Sizes

SqFt Lot
22608.00
SqFt Finished
4350
SqFt Basement
2148
SqFt Above
2202

Financial Details

Previous Year Tax
$2,637
Terms and Conditions
Cash, Conventional, Exchange, Lease Purchase, VA
Transaction Type
For Sale

Interior Details

Appliances
Dishwasher, Disposal, Refrigerator (Kitchen), Smoke Alarm, Stove/Range/Oven
Flooring
Carpet, Plank Vinyl
Cooling
None
Heating
Forced Air
Heating Fuel
Gas
Other HVAC
Gas Water Heater
Fireplaces Features
Wood

Room Details

Laundry Availability
W/D Hookups in Unit

Exterior Details

Features
Deck, Fence, Yard
Base Type
Standard
Base Finished
Yes
Base Floor Plan
Slab
Base Size
Full
Basement Finished %
100
Parking Spaces
3
Vehicle Spaces
3
Type
# of Space
L x W
Description
Garage (Attached)
1
-
14193 Unit A
Garage (Attached)
1
-
14205 Unit A
Garage (Detached)
1
-
14205 Unit B

Exterior Construction

Building Type
Triplex (all units)
Structure
Ranch/1 Story
Roof
Composition Shingles
Construction
Wood Siding
Architectural Style
Traditional
Exterior Features
Deck, Fence, Yard
Construction Method
Frame
Builder Source
County Records

Schools

School District
Adams-Arapahoe 28J
Elementary School
Century
Middle School
Aurora Hills
High School
Gateway

Condominium Projections

Annual Actual Expenses
12300
Annual Projected Expenses
12300
Annual Actual Income
58000
Annual Projected Income
58000
Annual Actual Net Income
45700
Annual Projected Net Income
45700
Unit Furnished
0

Land Details

PPA
1568627.45
Lot Width
0.00
Road Surface
Paved Road

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