1315 Estes Street

Lakewood, CO 80215

Incomes Property  $112,000  Sold

05-14-2018 12:42pm

A rare find!! Occupied unit with over 8% cap rate ready to be sold! Current resident has lived there since 2014, no plans to move. Current monthly rent is $925 ($787 of this is paid by Colorado state's housing assistance program). The photos are four years old, and where before current tenant moved in. At that time, windows were new, bathroom and all tile new, with new paint and carpet in bedroom (hardwood under carpet). Current tenant has been there for several years and is very low maintenance. Current tenant's lease in the holdover phase and is month-to-month (so you can raise the rent to 'market level' with some paperwork). GREAT for hands-off landlord. Pro forma rentals could go a little higher. Good floor plan and lives bigger than the sq ft would leave you to believe. Has a front and back door.

MLS#
1925157
MLS Originator
REcolorado (Denver)
Off Market Date
04-16-2018 12:00am
Original Price
$110,000
Distance to Rail
0.30

Property
Income
Property Subtype
Income
Sold
Status Conditions
None Known
Last Update
05-14-2018 12:42pm
Bedrooms
1
Bathrooms
1
SqFt
490
Year Built
1943
Der PSF Total
228.57

SqFt Lot
2232.00
SqFt Finished
490
SqFt Above
490

Sold Price
$112,000
Previous Year Tax
$325
HOA Fees Included
Sewer, Trash Removal, Water
HOA Name
Estes Square
HOA Total Fee
$163
HOA Fee Frequency
Monthly
HOA Management
Professionally Managed
HOA Phone
303-445-0300
HOA Total Fee
$0
HOA Total Fee
$0
Terms and Conditions
Cash, Conventional
Owner Paid Utilities
Electricity,HOA Fees,Trash,Water
Transaction Type
For Sale

Cooling
None
Heating
Forced Air
Heating Fuel
Hot Water

Base Size
None
Parking Spaces
1
Vehicle Spaces
1
Type
# of Space
L x W
Description
Parking Lot
1
-

Building Type
5+ Plex (all units)
Structure
Multi-Level
Roof
Composition Shingles
Construction
Stucco
Construction Method
Frame
Builder Source
County Records

School District
Jefferson County R-1
Elementary School
Eiber
Middle School
Creighton
High School
Lakewood

Annual Actual Expenses
2792
Annual Projected Expenses
3000
Annual Actual Income
11100
Annual Projected Income
12000
Annual Actual Net Income
8308
Annual Projected Net Income
9000
Unit Furnished
0

PPA
2240000.00
Lot Width
0.00

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