1651 Vance Street

Lakewood, CO 80214

Incomes Property  $467,500  Sold

02-03-2017 02:03pm

Great investment opportunity right in the heart of Lakewood (Colfax and Wadsworth). The three units have had steady renters and an increase in rent year after year--vacancy rate less than 10%. The Triplex has been recently painted on the exterior. The vacant unit is freshly painted, carpets cleaned--ready to rent. The middle unit is currently vacant and the sellers are reserving the right to sign a lease if the property doesn't close quickly. The end units are rented: one through July 31st, 2017 and September 30th, 2017. Exceptionally well located: close to commodities, mass-transportation and many restaurants. Now is your chance to catch a great investment opportunity.

MLS#
7649072
MLS Originator
REcolorado (Denver)
Off Market Date
12-27-2016 12:00am
Original Price
$475,000
Distance to Bus
0.10
Distance to Rail
0.50
Nearby Attraction
Near Public Transit

Property
Income
Property Subtype
Income
Status
Sold
Status Conditions
None Known
Last Update
02-03-2017 02:03pm
Bedrooms
6
Bathrooms
3
SqFt
2125
Year Built
1952
Der PSF Total
220.00

SqFt Lot
8205.00
SqFt Finished
2125
SqFt Above
2125

Sold Price
$467,500
Previous Year Tax
$1,798
Terms and Conditions
Cash, Conventional
Owner Paid Utilities
Water,Lawn Service
Transaction Type
For Sale

Interior Features
Cable Available, Double Pane Windows, Eating Space / Kitchen, Internet Access (Wired)
Appliances
Dishwasher, Disposal, Freezer, Refrigerator (Kitchen), Self-Cleaning Oven, Smoke Alarm, Stove/Range/Oven
Flooring
Carpet, Tile Floor
Cooling
None
Heating
Forced Air
Heating Fuel
Gas

Baths Full
0

General
Near Public Transit
Features
Fence, Garden Area, Patio
Base Size
None
Parking Spaces
1
Vehicle Spaces
5
Type
# of Space
L x W
Description
Off-Street
5
15 x 60

Building Type
Triplex (all units)
Structure
Ranch/1 Story
Roof
Composition Shingles
Construction
Brick
Architectural Style
Traditional
Exterior Features
Fence, Garden Area, Patio
Features
Fire Alarm
Construction Method
Frame
Builder Source
County Records

School District
Jefferson County R-1
Elementary School
Lumberg
Middle School
Jefferson
High School
Jefferson

Annual Actual Expenses
6602
Annual Projected Expenses
6602
Annual Actual Income
31000
Annual Projected Income
33000
Annual Actual Net Income
24398
Annual Projected Net Income
26398
Unit Furnished
0

PPA
2460526.32
Lot Width
60.00

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Average Values based on MLS data (realtime)

The following Average Values are calculated based on the following property information
- Property Address: 1651 Vance Street, Lakewood, CO 80214
- Property Type: Incomes Property, 6 beds, 3 baths, 2125 SqFT
- Sold Price: $467,500
 
Average Price (Cumulative Number of Properties)
 
Last 3 months
Last 6 months
Last 9 months
Last 12 months
Area 1 (< 1 mile)
$0 (0)
$0 (0)
$0 (0)
$0 (0)
Area 2 (1-2 miles)
$0 (0)
$0 (0)
$0 (0)
$0 (0)
Area 3 (2-3 miles)
$0 (0)
$0 (0)
$0 (0)
$388,000 (1)
Area 4 (3-5 miles)
$0 (0)
$719,000 (1)
$719,000 (1)
$553,500 (2)

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