5856 Newport Street

Commerce City, CO 80022 — Adams County

Incomes Property  $445,000  Sold  MLS# 3744742

1870.00 sqft    Lot size: 14438.00 sqft    0.33 acres    1932 build   

03-15-2020 09:25pm

  Property Description

Best ROI in Commerce City and Front Range! Extremely RARE find! 7.5 CAP rate for two houses!!! This remodeled property is an amazing opportunity with two SEPARATE houses on a single LARGE lot. 3 bedroom/1 bath rear house and 2 bedroom/1 bath front house with washers and dryers in both units. The houses are fully RENTED on 1-year leases and tenants intend to extend! Rents are $3,270 per month ($1745- rear home and $1525- front home). Renters feel like they have their very own home and rents reflect that value. The front house has a fenced-in yard. There is a large off-street parking area between the two properties., keeping cars off the street, enhancing security, and increasing curb appeal. Two detached storage units provide useful square footage for tenants extra belonging as well. These homes are walking distance to schools, restaurants, and Pioneer Park with batting cages, a skate park, Paradice Island Pool and recreation fields. They are also just minutes from Dicks Sporting Good Sports Complex and Praire Gateway Open Space. Separate metering for all utilities on both units. Tenants pay ALL utilities except H2O so the owner has extremely low operating costs. With full remodel and low long term maintenance costs your cash flow and ownership calculations are a synch! Begin earning your 7.5 CAP rate NOW!!! Stop waiting and get this one into your investment portfolio before someone beats you to it!

  Listing Details

Property Type
Incomes Property
MLS#
3744742
MLS Originator
REcolorado (Denver)
Last Updated
03-15-2020 09:25pm
Status
Sold
Status Conditions
None Known
Der PSF Total
237.97
Off Market Date
02-25-2020 12:00am

  Property Details

Property Subtype
Duplex
Sold Price
$445,000
Original Price
$450,000
List Price
$445,000
Location
Commerce City, CO 80022
SqFT
1870.00
Year Built
1932
Acres
0.33
Parking Count
1

  Map

  Property Level and Sizes

SqFt Lot
14438.00
Lot Size
0.33

  Financial Details

PSF Total
$237.97
PSF Finished
$237.97
PSF Above Grade
$237.97
Previous Year Tax
$2,261
Year Tax
2018

  Interior Details

Interior Features
Eat-in Kitchen, Laminate Counters, No Stairs, Open Floorplan
Flooring
Carpet, Laminate
Cooling
None
Heating
Forced Air, Natural Gas

  Exterior Details

Features
Private Yard
Water
Public
Sewer
Public Sewer

  Room Details

  Garage & Parking

Parking Spaces
1

  Exterior Construction

Roof
Composition
Construction
Frame, Wood Siding
Architectural Style
Traditional
Exterior Features
Private Yard

  Land Details

PPA
1348484.85

  Schools

Elementary School
Rose Hill
Middle School
Kearney
High School
Adams City


  Listing Media

Virtual Tour
  Click here to watch tour

  Walk Score





  Average Values based on MLS data (realtime)

The following Average Values are calculated based on the following property information
- Property Address: 5856 Newport Street, Commerce City, CO 80022
- Property Type: Incomes Property, - beds, - baths, 1870.00 SqFT
- Selling Price: $450,000
 
Average Price (Cumulative Number of Properties)
 
Last 3 months
Last 6 months
Last 9 months
Last 12 months
Area 1 (< 1 mile)
$443,250 (2)
$443,250 (2)
$415,500 (3)
$415,500 (3)
Area 2 (1-2 miles)
$407,600 (4)
$407,600 (4)
$398,080 (5)
$398,080 (5)
Area 3 (2-3 miles)
$383,233 (6)
$383,233 (6)
$368,675 (8)
$368,675 (8)
Area 4 (3-5 miles)
$432,156 (9)
$432,156 (9)
$428,792 (13)
$428,792 (13)

  Contact Agent

executed in 1.384 sec.