3848 S Lowell Boulevard

Denver, CO 80236

Incomes Property  $650,000  Sold

10-24-2017 04:12pm

Lots of Potential! Fourplex investment opportunity in Denver consisting of four 2 bedroom, 1 bathroom units with a washer and dryer in each unit. Great cap rate of 8%! Potential to create a 9.5 Cap Rate! Great cash flow. Beautiful Mountain Views! All units are partially remodeled with many updates which include newer kitchen cabinets, laminate hardwood flooring, newer carpet, new tile, new water heaters and new furnaces! Rents will be $1300 per unit. Complete the remodel and rent each unit for up to $1500/month! This property is located just down the street from Mullen High School, steps away from Sheridan Community Park and direct access to US Highway 285. Investor Special. Value-add opportunity. Sweat Equity! Here's your chance!

MLS#
5862223
MLS Originator
REcolorado (Denver)
Off Market Date
10-24-2017 12:00am
Original Price
$640,000
Nearby Attraction
Adjacent to Open Space

Property
Income
Property Subtype
Income
Sold
Status Conditions
None Known
Last Update
10-24-2017 04:12pm
Bedrooms
8
SqFt
3356
Year Built
1974
Der PSF Total
193.68

SqFt Lot
6534.00
SqFt Finished
3356
SqFt Above
3356

Sold Price
$650,000
Previous Year Tax
$3,905
Terms and Conditions
Cash, Conventional
Owner Paid Utilities
Other,Trash,Water
Transaction Type
For Sale

Appliances
Dishwasher, Disposal, Stove/Range/Oven
Flooring
Carpet, Laminate, Tile Floor
Cooling
None
Heating
Forced Air
Heating Fuel
Gas

Laundry Availability
Washer/Dryer Included

General
Adjacent to Open Space
Features
Fence
Base Size
None
Parking Spaces
1
Vehicle Spaces
4
Type
# of Space
L x W
Description
Off-Street
4
-
Parking Lot

Building Type
Quadplex (all units)
Structure
Multi-Level
Roof
Composition Shingles
Construction
Brick
Exterior Features
Fence
Features
Fire Alarm
Construction Method
Frame
Builder Source
County Records

School District
Sheridan 2
Elementary School
Sheridan
Middle School
Sheridan
High School
Sheridan

Annual Actual Expenses
10105
Annual Projected Expenses
10105
Annual Actual Income
58800
Annual Projected Income
62400
Annual Actual Net Income
48695
Annual Projected Net Income
52295
Unit Furnished
0

PPA
4333333.33
Lot Width
0.00
Road Surface
Paved Road

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