$835,000
$865,000
3.5%For more information regarding the value of a property, please contact us for a free consultation.
9 Beds
4 Baths
2,722 SqFt
SOLD DATE : 05/24/2023
Key Details
Sold Price $835,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,722 sqft
Price per Sqft $306
Subdivision Westmoor Acres
MLS Listing ID 5030206
Sold Date 05/24/23
Bedrooms 9
HOA Y/N No
Originating Board recolorado
Year Built 1971
Annual Tax Amount $3,416
Tax Year 2022
Lot Size 0.270 Acres
Acres 0.27
Property Description
9640-9642 W 23rd Ave is an attractive duplex nestled in the Morse Park Neighborhood, a peaceful Lakewood haven. This income property is an ideal location just minutes from Crown Hill Park, with nearby Colfax Ave retail & restaurants, all while being in perfect proximity to Denver’s major arterial highways (6th, I-70, and I-25). With an expansive 6 bedrooms and 2 baths in one of the units, the property is currently under-rented. Investors also have the ability to add value by lightly renovating the units to increase revenue. Tenants are currently on month-month leases.
INVESTMENT SUMMARY
Price: $865,000
Total Units: 2
Price/Unit: $432,500
Current Cap Rate: 5.76%
Market Proforma Cap Rate: 8.05%
Location
State CO
County Jefferson
Rooms
Basement Unfinished
Interior
Heating Forced Air
Cooling Air Conditioning-Room
Fireplace N
Appliance Oven, Range, Refrigerator
Laundry In Unit
Exterior
Garage Asphalt
Garage Spaces 2.0
Roof Type Composition
Parking Type Asphalt
Total Parking Spaces 6
Garage Yes
Building
Lot Description Cul-De-Sac
Story Two
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Brick, Frame, Wood Siding
Schools
Elementary Schools Slater
Middle Schools Creighton
High Schools Lakewood
School District Jefferson County R-1
Others
Senior Community No
Ownership Individual
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Special Listing Condition None
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