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Address available on request

FOR

SALE

$1,990,000

For Sale

4,638

Sq.Ft.

0.52

Acres

MLS# 5430188

Cumulative Days on Market: 5 (since April 26th, 2024) Data provided by the MLS.

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Property Details

This 13-unit investment property presents a golden opportunity for portfolio expansion and 1031 exchanges. Nestled in the heart of Commerce City, it boasts a central location on Brighton Road and Interstate 76, ensuring convenience for both residents and investors. With cozy one-bedroom units, this asset is poised to meet the sustained demand of the local workforce, offering easy access to outdoor recreation at Pelican Pond Open Space and quick commuting via Interstate 76. Plus, its proximity to essential amenities, the 88 Drive-In Theatre, and the Mile High Flea Market enhances its appeal in the thriving Commerce City market.The property consists of mostly one-bedroom units, featuring private entrances with parking at each door, individually metered for electricity, and equipped with newer windows. The combination of location and unit features positions this investment property as a valuable asset poised to capitalize on the ever-growing demand in Commerce City. * Heart of Commerce City, ideal for local workforce proximity * Centrally located on Brighton Road and I-76 * Valuable asset in a prominent location for sustained rental demand * Mostly one-bedroom units; ample off-street parking

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Property Highlights

Price

$1,990,000

Property Type

Commercial Sale

Property Sub Type

Multi-Family

Year Built

1927

Acres

0.52

Location

County

Adams

Zoning

R-1-C

Property Details

Price

$1,990,000

Property Sub Type

Multi-Family

Property Type

Commercial Sale

Building

Total Area

4,638

Interior Features

Area and Spaces

Number of Units

13

Building Details

Construction

Year Built

1927

Materials

Construction Materials

Frame, Stucco

Roof

Other

Terms

Commercial

Cap Rate

6.66

Terms

Exclusions

Any and all private property.

Special Terms

Cash, Conventional

Taxes

Tax

Tax (Annual)

$8,606

Heating, Cooling & Utilities

Utilities

Sewer

Public Sewer

Lot

Acres

0.52

Lot Features

Corner Lot

Lot Size

22,500

Lot Size Area Sq Ft

22,500

Listed by Kaufman Hagan, [email protected], 720-495-6150.

Listing Data last updated 05/01/2024 08:31 AM

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Property History

5 days ago

Property information last updated

5 days ago

Status Active. This is the date the listing was placed on market.

NOTE: Cumulative Days on Market: 5. Data provided by the MLS.

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Listings courtesy of REcolorado as distributed by MLS GRID IDX information is provided exclusively for consumers' personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID. Based on information submitted to the MLS GRID as of 05/01/2024 08:31 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.

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Listing Data last updated: 05/01/2024 08:31 AM

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Address available on request - MLS#5430188 - $1,990,000

Listed by Kaufman Hagan

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