UPDATED:
01/28/2025 11:26 PM
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,136 sqft
Price per Sqft $294
Subdivision Lyn Acres
MLS Listing ID 4133802
Bedrooms 6
HOA Y/N No
Abv Grd Liv Area 3,136
Originating Board recolorado
Year Built 1972
Annual Tax Amount $4,017
Tax Year 2023
Lot Size 0.280 Acres
Acres 0.28
Property Description
This property qualifies for a credit of 1.75% of the loan amount when financed through Guardian Mortgage that can be used to buy the rate down or towards closing costs.
Located in a quiet corner of the neighborhood, just east of Lowry and the Common Grounds golf course. Two miles south of the Fitzsimons Medical Center. Easy access to the Highline Canal.
Side-By-Side, Townhouse-style apartment Units. Currently 2bd, 1.5ba units with unfinished basements ready for 3rd or even 4th bedrooms. Easy value add!
3 car garage and additional off street parking for cars or an RV. Very unique for the area!
Nice rear patios and large back yard. Mountain views from the upstairs bedrooms!
Lots of updates including new exterior siding and paint, updated flooring, fresh interior paint, some new windows, and newer counter tops. Middle unit has central A/C!
7% cap rate with current 2bd units. Easily add bedrooms to achieve an 8 or 9% cap rate.
Two units are currently owner occupied. One unit is vacant. Owners will be moving out at closing.
Location
State CO
County Arapahoe
Zoning R-2
Rooms
Basement Unfinished
Interior
Heating Forced Air
Cooling Central Air
Fireplaces Number 1
Fireplaces Type Family Room
Fireplace Y
Appliance Dishwasher, Disposal, Gas Water Heater, Range, Refrigerator
Laundry In Basement
Exterior
Exterior Feature Private Yard
Parking Features Concrete, Exterior Access Door
Garage Spaces 3.0
Fence Full
Utilities Available Cable Available, Electricity Connected, Natural Gas Connected
View Mountain(s)
Roof Type Composition
Total Parking Spaces 6
Garage No
Building
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Frame
Schools
Elementary Schools Lansing
Middle Schools South
High Schools Aurora Central
School District Adams-Arapahoe 28J
Others
Senior Community No
Ownership Individual
Acceptable Financing 1031 Exchange, Cash, Conventional, FHA
Listing Terms 1031 Exchange, Cash, Conventional, FHA
Special Listing Condition None
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
"Many agents say they put their client’s needs first, but the Watson Realty Group are on a mission to actually do it by providing their clients several GUARANTEE programs that take the risk out of selling or buying a home. We are passionate about providing these guarantees, and at the same time making each of our clients feel as though they are our only client. We Live Here, We Work Here and We are Here to Serve You! "
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