$590,000
$650,000
9.2%For more information regarding the value of a property, please contact us for a free consultation.
7 Beds
3 Baths
3,500 SqFt
SOLD DATE : 09/29/2023
Key Details
Sold Price $590,000
Property Type Single Family Home
Sub Type Attached Dwelling
Listing Status Sold
Purchase Type For Sale
Square Footage 3,500 sqft
Subdivision Lowry
MLS Listing ID 5363761
Sold Date 09/29/23
Style Ranch
Bedrooms 7
HOA Y/N false
Abv Grd Liv Area 3,500
Originating Board REcolorado
Year Built 1971
Annual Tax Amount $4,646
Lot Size 6,098 Sqft
Acres 0.14
Property Description
Come get this rare side-by-side full duplex that has GREAT cash flow!! At the current rental rate, this property at 650K is close a 7 CAP!!! Where else can you get a 7 CAP in town!! The expenses since ownership is around 5K a year. The front unit has three beds and two baths and has been rented for about 2100-2200 a month. Currently, the front unit is vacant for you to show very quickly. The back unit, which has four beds and two baths, is currently rented for $2100, and their lease is up in Feb. Both units have full basements that are finished out and have excellent ceiling height and floor plans. There is also a two-car detached brick garage that recently got a new garage door and opener. The location is close to all the great retail that Lowry has to offer! If you are looking for an excellent long-term investment to park cash and get better cash flow than the stock market, the bank, or any money market, this is the deal for you! This full duplex could also be a great spot to live in one side and rent on the other. The options are endless.
Location
State CO
County Arapahoe
Area Metro Denver
Interior
Heating Forced Air
Appliance Dishwasher, Refrigerator, Microwave
Exterior
Garage Spaces 2.0
Roof Type Composition
Handicap Access Level Lot
Building
Lot Description Level
Faces West
Story 1
Sewer City Sewer, Public Sewer
Water City Water
Level or Stories One
Structure Type Brick/Brick Veneer
New Construction false
Schools
Elementary Schools Boston K-8
Middle Schools Boston K-8
High Schools Aurora Central
School District Adams-Arapahoe 28J
Others
Senior Community false
SqFt Source Assessor
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