Homes for sale - 7325 W Arkansas Ave, Lakewood, CO 80232

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MODUS Real Estate

[email protected] +1(303) 229-6582

$ 1,149,000

Est. payment | -/mo

5 Beds

4 Baths

2,751 SqFt

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$ 1,149,000

Est. payment | -/mo

Save

5 Beds

4 Baths

2,751 SqFt

Key Details

Property Type Single Family Home

Sub Type Income Property

Listing Status Active

Purchase Type For Sale

Square Footage 2,751 sqft

Subdivision Cedar Place

MLS Listing ID 2756204

Bedrooms 5

HOA Y/N false

Abv Grd Liv Area 2,751

Year Built 1973

Annual Tax Amount $4,503

Property Sub-Type Income Property

Source REcolorado

Property Description

Rare opportunity to purchase a side-by-side duplex with two separate 24'X32' detached garages (6-CAR) in the back. Projected income of $93,600/per year or 7.3% CAP Rate! Use the garages as your 3rd and 4th streams of rental income, or use one or both for all the cars and outdoors toys you have. Private, gated entry into both garages. Extra space for outdoor storage on each side and plenty of extra concrete in front of each garage for even more space. The garages are only about 7-years-old, each measure 24'X32'. The west garage is unfinished, with projected income of between $1,000-$1,200/per month. The east garage could be your next "man cave" because it is insulated, finished/floored attic with access, has electric heat, and projected rental income of $1,300 to $1,500/per month. Unit #7335 is a 3-bedrooms, 2-bathroom, ranch-style unit that is currenting renting at $2,500/per month. This unit has a new furnace, new AC unit, and new tankless water hater. Unit #7325 is a 3-bedroom, 2-bathroom, split-level unit that is currently renting at $3,000/per month. This unit's heat is hot water boiler heat. Each unit is metered separately for gas, electric, and both units have separate water taps/separate water lines. The owner doesn't pay any utilities. The tenants are responsible for yard maintenance and snow removal. Each of the units has an attached 1-car garage in front and covered patios in the backyard as well. New exterior paint. Don't miss this tremendous opportunity to purchase this unique investment opportunity or opportunity to live in one of the units and have all the storage you need. Seller financing is an option. Schedule a showing today before it's gone.

Location

State CO

County Jefferson

Area Metro Denver

Rooms

Basement Partially Finished

Interior

Heating Forced Air, Hot Water

Cooling Central Air, Wall/Window Unit(s)

Exterior

Garage Spaces 8.0

Fence Partial

Roof Type Composition

Porch Patio

Building

Story 2

Sewer City Sewer, Public Sewer

Level or Stories Two

Structure Type Wood/Frame,Brick/Brick Veneer,Wood Siding

New Construction false

Schools

Elementary Schools Lasley

Middle Schools Alameda Int'L

High Schools Alameda Int'L

School District Jefferson County R-1

Others

Senior Community false

SqFt Source Assessor

Special Listing Condition Private Owner

Information and Real Estate Services (IRES)

Listed by Patrick Rampi • MODUS Real Estate • [email protected],720-935-2184

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MODUS Real Estate

Operations

+1(303) 229-6582

7325 W Arkansas Ave Lakewood, CO 80232

MODUS Real Estate

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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7325 W Arkansas Ave