5856 Newport Street

Commerce City, CO 80022

Incomes Property  $444,750  Active

10-10-2019 11:00am

Property Description

The ONLY 7.5 CAP rate duplex on the market! Two separate houses on over 1/3 acre lot. 3 bedroom/1 bath and 2 bedroom/1 bath. Both units have been remodeled with washer/dryer and new roofs! Each houses RENTED on new 1 year leases! Rents are $3,270 per month ($1745- back unit and $1525- front unit). Both units have fenced yards and ample parking. Two detached storage units. Separate metering for all utilities on both units (electric, gas AND water). Tenants pay ALL utilities except H2O so super low operating costs. With full remodel and low long term maintenance costs your cash flow and ownership calcs are a synch! Come get your high CAP rate NOW!!! Stop waiting and get this one into your investment portfolio before someone beats you to it!

Listing Details

MLS#
2608622
MLS Originator
REcolorado (Denver)
Original Price
$445,000

Property Details

Property
Income
Property Subtype
Income
Status
Active
Last Update
10-10-2019 11:00am
Bedrooms
5
Bathrooms
2
SqFt
1870
Year Built
1932
Der PSF Total
237.83

Map

Property Level and Sizes

SqFt Lot
14438.00
SqFt Finished
1870
SqFt Above
1870

Financial Details

Previous Year Tax
$2,261
Terms and Conditions
Cash, Conventional, FHA, VA
Owner Paid Utilities
Water
Transaction Type
For Sale

Interior Details

Appliances
Dishwasher, Disposal, Range Hood, Refrigerator (Kitchen), Smoke Alarm, Stove/Range/Oven
Flooring
Carpet
Cooling
None
Heating
Forced Air
Heating Fuel
Gas

Room Details

Laundry Availability
W/D Hookups in Unit

Exterior Details

Base Floor Plan
Structural
Base Size
None
Parking Spaces
1
Vehicle Spaces
8
Type
# of Space
L x W
Description
Off-Street
8
-

Exterior Construction

Building Type
Other
Structure
Ranch/1 Story
Roof
Composition Shingles
Construction
Wood Siding
Architectural Style
Traditional
Construction Method
Frame

Schools

School District
Adams 14
Elementary School
Rose Hill
Middle School
Kearney
High School
Adams City

Condominium Projections

Annual Actual Expenses
5660
Annual Projected Expenses
5600
Annual Actual Income
39240
Annual Projected Income
39900
Annual Actual Net Income
33580
Annual Projected Net Income
34300
Unit Furnished
0

Land Details

PPA
1347727.27
Lot Width
0.00

Listing Media

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