5721 E 60th Avenue

Commerce City, CO 80022

Incomes Property  $599,000  Expired

09-05-2017 12:10am

Exceptional 4 -plex located across the street from Pioneer Park. Property includes 3-2 bed 1 bath units, a 4th unit with 2 bed 1 bath upstairs and additional unfinished basement that can house 4 additional bedrooms and a bathroom, a detached garage, and a detached shed. Units have been updated with fresh paint, hardwood floors, new carpet, new windows,new roof and gutters, and some updated electrical work. Property is centrally located a mile from Dick's Sporting Goods park, near Northfield shopping, and with easy access for commuting whether on I-70 or using mass transit. Below market rents allow for an opportunity to exceed a cap rate of 7+. Don't miss out on this wonderful investment. Do Not Disturb Tenants.

MLS#
7005784
MLS Originator
REcolorado (Denver)
Off Market Date
08-29-2017 12:00am
Original Price
$619,000
Nearby Attraction
Adjacent to Park, Corner Lot, Near Public Transit

Property
Income
Property Subtype
Income
Status
Expired
Last Update
09-05-2017 12:10am
Bedrooms
8
Bathrooms
4
SqFt
3456
Year Built
1957
Der PSF Total
173.32

SqFt Lot
6750.00
SqFt Finished
2760
SqFt Basement
696
SqFt Above
2760

Previous Year Tax
$1,709
Terms and Conditions
Cash, Conventional, Exchange
Owner Paid Utilities
Water
Transaction Type
For Sale

Interior Features
Cable Available, Double Pane Windows, Eating Space / Kitchen, Remodeled
Appliances
Dishwasher, Disposal, Refrigerator (Kitchen), Smoke Alarm
Flooring
Carpet
Cooling
Air Conditioning-Central, Evaporative Cooler (Swamp)
Heating
Forced Air
Heating Fuel
Gas

Baths Full
0
Laundry Availability
W/D Hookups in Unit

General
Adjacent to Park, Corner Lot, Near Public Transit
Features
Fence, Patio, Professional Landscaping, Satellite Dish, Sprinkler System, Utility Shed, Yard
Base Size
Partial
Parking Spaces
2
Vehicle Spaces
10
Type
# of Space
L x W
Description
Garage (Attached)
2
-
Off-Street
8
-

Building Type
Quadplex (all units)
Structure
Ranch/1 Story
Roof
Composition Shingles
Construction
Brick
Exterior Features
Fence, Patio, Professional Landscaping, Satellite Dish, Sprinkler System, Utility Shed, Yard
Features
Fire Alarm
Construction Method
Brick
Builder Source
County Records

School District
Adams 14
Elementary School
Central
Middle School
Kearney
High School
Adams City

Annual Actual Expenses
9500
Annual Projected Expenses
9500
Annual Actual Income
46200
Annual Projected Income
54600
Annual Actual Net Income
36700
Annual Projected Net Income
45100
Unit Furnished
0

PPA
3743750.00
Lot Width
0.00

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