39.703884 -105.03418
3540 W Exposition Avenue Denver CO 80219 270417770 39.703884 -105.03418 30105 /listing/270417770-151082055/3540-w-exposition-avenue-denver-co-80219 False 0 600000.0 3568 105 102 5250611 False 1980 0.16 0.16

3540 W Exposition Avenue

Denver, CO 80219 MLS# 5250611

Closed 05/19/20

270417770 True False 39.703884 -105.03418 30105 /listing/270417770-151082055/3540-w-exposition-avenue-denver-co-80219 False 0 600000.0 3568 105 5250611 False 45352461 0
$600,000
MLS# 5250611
Closed 05/19/20
  1. Listed on 05/19/20
  • 3,568 Square Feet Sq.Ft
  • 0.16 Acres
  • 1980 Year Built Yr. Built
3540 W Exposition Avenue Denver, CO 80219 MLS# 5250611
Closed 05/19/20
270417770 39.703884 -105.03418 30105 /listing/270417770-151082055/3540-w-exposition-avenue-denver-co-80219 False 0 600000.0 3568 105 5250611 False
$600,000
  • 3,568 Square Feet
  • 0.16 Acres
  • 1980 Year Built
  1. Listed on 05/19/20
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Description

CASH FLOW! Huge duplex offered at a 6.7CAP! Appraised in 2017 for $600k! Each unit has: 5 legal bedrooms, 2 baths, 1784 sf, individual furnace, water heater, and laundry. 3550 unit rent is $2,218/mo, unit is remodeled in 2017 with granite slabs in kitchen & baths, stainless appliances, new cabinets with soft close, most new flooring, paint, water heater. The 3540 unit rent is $1,963/mo and could use updating for increased rent - upside! Both units are M-to-M and Sec 8, nearly all rent is paid! Perfect timing - Raise & renew or remodel. Investors, or live in one side rent the other! Interior photos (and summer exteriors) are of remodeled unit, before current tenant move-in Jan 2019. Please do NOT speak with or alert tenants of sale. Listing broker is Seller. Sold strictly As-Is.

Courtesy Of VIP REAL ESTATE CO
Listing Information
  • Property Type: Residential Income
  • Property Subtype: Duplex
  • Structure Type: Duplex
  • Levels: One
  • Architecture: Contemporary
  • Subdivision: Adams Gardens
  • SqFt Finished: 3400.00
  • SqFt Above: 1784.00
  • SqFt Basement Finished: 1616.00
  • SqFt Basement Unfinished: 168.00
  • PSF Total: 168.16
  • PSF Finished: 176.47
  • PSF Above Grade: 336.32
  • Price Per Acre: 3750000.00
  • Year Built: 1980
  • Property Condition: Fixer, Updated/Remodeled
  • Construction Materials: Brick, Frame, Wood Siding
  • Foundation Details: Concrete Perimeter
  • Special Listing Conditions: None Known
  • Ownership: Agent Owner
  • Possession: Immediately, Subject To Tenant Rights
  • Directions: Federal to Exposition, go WEST on Exposition to Lowell, property is on corner. No sign.
  • Stories: 1
Interior Features
  • Appliances: Dishwasher, Disposal, Dryer, Gas Water Heater, Microwave, Oven, Refrigerator, Washer
  • Common Walls: 1 Common Wall
  • Flooring: Linoleum, Vinyl
  • Laundry Availability: In Basement, In Unit
  • Exclusions: Tenant owned Washer & Dryer in 3540, all tenant furnishings and personal items
  • Unit Count: 1
Unit Info
  • 4 Bedroom Or More
  • Average Rent: 2090.00
  • Average SqFt: 1784.00
  • Dishwashers: 1
  • Dryers: 1
  • Hookups: 1
  • Parking Per Unit: 2
  • Refrigerators: 1
  • Stoves: 1
  • Unit Type: 4 Bedroom Or More
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 5
  • Unit Type Description: 5 legal bed 2 bath ranch w/basement
  • Unit Type Units Total: 2
  • Washers: 1
Room Details
  • Basement: Finished, Full
  • Basement YN: Y
Parking/Garage
  • Off-Street
  • Parking Description: Off street driveway, 2 spaces per unit
  • Parking Spaces Number Of: 4
  • Parking Type: Off-Street
  • Parking: Concrete, Tandem
  • Parking Total: 4
  • Total Offstreet Spaces: 4
Community/Neighborhood Information
  • Distance To Bus Units: Blocks
  • Distance to Bus: 5
  • Walk Score: 55
HOA
  • HOA YN: N
  • Restrictions/Covenants YN: N
  • 2nd HOA Fee (Annual Total): 0.00
  • 3rd HOA Fee (Annual Total): 0.00
  • Master HOA Fee (Annual Total): 0.00
  • Total Annual HOA Fees: 0.00
Financial Considerations
  • Operating Expense Includes: Insurance, Maintenance, Real Estate Tax, Utilities
  • Owner Pays Utilities: Insurance, Taxes, Water
  • Tenant Pays: Cable TV, Electricity, Gas, Grounds Care, Internet
  • Utilities Metering: Common Water, Separate Electric, Separate Gas
  • Utilities Paid By Tenant: Direct Billing from Utility
  • Actual Annual Net Income: 41672.00
  • Cap Rate: 6.70
  • Cap Rate Calculation: Based on current NOI
  • Gross Income: 50172.00
  • Legal Description: N 62FT OF L1 TO 4 INC BLK 29 ADAMS GARDENS
  • Operating Expense: 8499.00
  • Projected Annual Expense: 7500.00
  • Projected Annual Net Income: 46500.00
  • Projected Gross Income: 54000.00
  • Tax Amount: 2346.00
  • Tax ID: 5173-04-017
  • Tax Year: 2019
Exterior & Lot Features
  • Faces: North
  • Fencing: Full
  • Lot Features: Corner Lot, Level
  • Roof: Composition
  • Zoning: E-SU-D1X
Utilities & Green Home Features
  • Cooling: None
  • Heating: Forced Air
  • Sewer: Public Sewer
  • Water Source: Public
Schools Near 3540 W Exposition Avenue Denver, CO
District: Denver 1
Schools: Castro, Grant, Abraham Lincoln
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