2000-2014 Marshall Street Unit

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Sold Edgewater, CO 80214 MLS# 6314119 Sold by Steve Kranker on 08/31/2020
$2,205,000
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Multi-Family Property Type
0 Bedroom
0 Bathroom
2 Garage
8040.00 Sq Ft
Acres
1963 Year Built

Overview

Completely remodeled 4-unit townhome quad (two adjacent duplexes) in Edgewater, with easy access to Sloans Lake Park, restaurants and nightlife. Each unit with four bedrooms, two full baths filling the 2,010 square feet of finished space, freshly painted and hardwood floors refinished. Mid-2016 complete remodel includes newer kitchen (white shaker cabinets, quartz counter top, stainless steel appliances), new bathrooms (designer tile, vanity, new plumbing fixtures), new interior and exterior doors, new carpet, new interior trim, all new light fixtures throughout and window treatments. Mechanically, the remodel included new double-pane energy efficient vinyl windows, new boiler, new hot water heater, new roof/gutters, new professional landscaping and fencing and new evaporative cooler. Main floor eat-in kitchen is open to spacious living room with abundant natural light. Two bedrooms and one full bath also on the main floor. Fully finished garden-level basement sports one full bath and two conforming bedrooms with over-sized egress windows, along with the laundry & storage room and a large family room area. One basement bedroom equipped with full-light French doors to serve as an optional work at home office. All kitchen appliances and full-size washer/dryer included. Rear entrance with wooden deck/stairs and enclosed private courtyard. Units rent for $2700/month. Two new 12-month leases renewed until 7/1/2021. Two units vacant now. Property priced at 5.23% cap rate. Corner lot includes detached two single car garages which can be rented separately for $150/mo each. Interior duplex with 5 offstreet parking spaces. Seller has split the parcel into four individual townhome deeds for added flexibility or exit strategy. No HOA fees. Deeded 3125 sq.ft. lot with each half-duplex ownership. Party-wall agreement and shared easement agreements in place to address shared use of shared covered front porch and sidewalks. Listing agent is co-owner of property.

New Home Sales Hours

Courtesy Of JPAR Modern Real Estate
Source: REcolorado

Upcoming Open Houses

    Features

    Leasing Information

    Leasing Details
    • Application Fee $
    • Availability Date
    • Corporate Rental?
    • Deposits Potentially Refundable
    • Existing Lease Type
    • Lease Amount $
    • Lease Description
    • Lease Duration
    • Liability Insurance Required
    • Owner Pays Exterior Maintenance,Grounds Care,Insurance,Taxes
    • Rent Deposit
    • Rental Application
    • Security Deposit $
    Pet Details
    • Pet Deposit
    • Pet Rent
    • Pets Allowed

    Interior Features

    Summary

    • Year Built Effective
    Basement Details
    • Basement? Yes
    • Basement Daylight,Finished,Full
    • Basement Ceiling Height 8'
    Fireplace Detail
    • Fireplace Features
    • No. of Fireplaces 0
    Square Foot Details
    • SqFt 8,040
    • Living Area, Finished 8,040
    • Above grade, Finished 4,020
    • Basement, Finished 4,020
    • Basement, Unfinished 0
    • PSF Total $274.25
    • PSF Finished $274.25
    • PSF Above Grade $548.51
    Use details
    • Leaseable Area
    • Office Area
    • Retail Area
    • Warehouse Area
    Other
    • Accessibility Features
    • Appliances Convection Oven,Dishwasher,Disposal,Dryer,Gas Water Heater,Microwave,Oven,Refrigerator,Self Cleaning Oven,Sump Pump,Washer
    • Building Class
    • Building Features
    • Ceiling Height
    • Common Walls 1 Common Wall
    • Exclusions Tenant's personal property
    • Flooring Carpet,Tile,Wood
    • Furnished
    • Interior Features Ceiling Fan(s),Eat-in Kitchen,Open Floorplan,Quartz Counters,Smoke Free
    • Laundry Availability In Unit,Laundry Closet
    • Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
    • Spa Features
    • Window Features

    Room Details

    Bathroom Details Total Bathrooms:
    Bathroom Location Details
    Bedroom Location Details Total Bedrooms:
    More Room Details

    Unit Information

    Summary

    • Number of Units
    • Number of Units Furnished
    • Number of Units Vacant
    • Unit Features
    Single Unit Details
    • Unit Type 4 Bedroom Or More
    • Total Units 4
    • Average Rent 2700.00
    • Average SqFt 2010.00
    • Dishwashers 1
    • Washers 1
    • Dryers 1
    • Hookups 1
    • Refrigerators 1
    • Stoves 1
    • Air Conditions
    • Fireplaces
    • Storage Units 1
    • Description each individual townhome (half-duplex)
    • Actual Rent
    • Total Rent
    • Bedrooms Per Unit 4
    • Bathrooms per Unit 2
    • Parking Per Unit 1

    Exterior/Lot Features

    Summary

    • Available Elevations
    • Entry Location Exterior Access
    • Faces West
    • Horse Amenities
    • Horse Property
    • Levels One
    • Stories
    • Structure Type Quadruplex
    • Unit Floor # 1
    • View
    Builder Details
    • Builder
    •  
    • Completion Time From Groundbreaking
    • Model Type
    Construction details
    • Architecture Mid-Century Modern
    • Construction Materials Brick,Frame
    • Foundation Details Concrete Perimeter
    • Roof Architectural Shingles
    Exterior Details
    • Dock Features
    • Door Features
    • Exterior Features Private Yard,Rain Gutters,Smart Irrigation
    • Fencing Partial
    • Number of Docks
    • Number of Doors
    • Number of Storage Units
    • Other Equipment
    • Other Structures
    • Patio And Porch Features Covered,Deck,Front Porch
    • Pool Features
    • Ski Features
    Livable Structure Details
    Lot Details​​​​​​​
    • Acres Leased
    • Crop Acres
    • Cultivated Acres
    • Features Corner Lot,Landscaped,Level,Near Public Transit,Sprinklers In Front
    • Irrigated Acres
    • Lot Number
    • Lot Size Acres
    • Lot Size Dimensions
    • Lot Size SqFt 12,500
    • Sq Ft
    • Pasture Acres
    • Price Per Acre $
    • Vegetation
    • Waterfront Features
    Mobile Details
    • Make
    • Model
    • Body Type
    • Exterior Dimensions x
    • Skirt
    Outbuilding details
    Road details
    • Access
    • Road Responsibility Public Maintained Road
    • Road Surface

    Parking/Garage

    Parking Space Summary

    Parking Features
    Concrete,Lighted

    • Total Parking Spaces 7
    • Garage Spaces
    • Total Carport Spaces
    • Total Offstreet Spaces 5
    • Total Reserved Spaces 0
    • Total RV Spaces 0
    Parking Space Details

    Utilities & Green Home Features

    Summary

    • Cooling Evaporative Cooling
    • Green Energy Efficient
    • Heating Baseboard,Hot Water
    • HVAC Description
    Green Ratings
    Power Production Details
    Sewer
    • Sewer Public Sewer
    • Sewer Fee
    • Sewer Tap Paid YN
    Utilities details
    • Electric Service 110V,220 Volts
    • Gas Tap Fee
    • Gas Tap Paid YN
    • Utilities Cable Available,Electricity Connected,Internet Access (Wired),Natural Gas Connected,Phone Available
    Water / Well
    • Irrigation Source
    • Issued Well Permit Numbers
    • Water Available
    • Water Source Public
    • Well Type
    • Well Usage
    • Water Fees
    • Water Tap Paid?
    • Water/Mineral Rights

    Association Information

    HOA Summary

    • Amenities Completed
    • Amenities Opening
    • Association Amenities
    • Association(s) No
    • HOA Fee Includes
    • Total Annual HOA Fees $0
    1st HOA
    • HOA
    • Type
    • Fee $
    • Phone
    • Total Annual Fee $0.00
    • Website
    2nd HOA
    • HOA
    • Type
    • Fee $
    • Phone
    • Total Annual Fee $0.00
    • Website
    3rd HOA
    • HOA
    • Type
    • Fee $
    • Phone
    • Total Annual Fee $0.00
    • Website
    Restrictions & Covenants
    • Pets Allowed
    • Rentals Allowed
    • Restrictions
    • Restrictions Other
    • Restrictions/Covenants? No

    Financial Considerations

    Summary

    • Cap Rate 5.23
    • Cap Rate Calculation 2300000/120240
    Actual expense details
    • Annual Expenses Benefits
    • Annual Water Expense $
    • Association Fee Annual Expense $
    • Cable TV Expense $
    • CAM Fees $
    • Electric Expense $
    • Gas Expense $
    • Insurance Expense $
    • Internet Annual Expense $
    • Maintenance Expense $
    • Operating Expense $10,696
    • Operating Expense Includes Insurance,Maintenance,Real Estate Tax
    • Other Expense
    • Payroll Annual Expense $
    • Personal Property Annual Expense $
    • Phone Annual Expense $
    • Professional Management Expense $
    • Real Estate Taxes $
    • Workmans Compensation Expense
    Income details
    • Actual Annual Net Income $120,240
    • Gross Income $130,936
    • Income Includes
    • Income Includes Description
    Landleasing details
    • Land Lease Amount
    • Land Lease Amount Frequency
    • Land Lease?
    Projected
    • Other Annual Income $
    • Potential Rental Income Annual $
    • Projected Annual Expense $10,696
    • Projected Annual Net Income $124,000
    • Projected Gross Income $134,686
    • Projected Gross Operating Income $
    • Vacancy Credit Losses
    Tax details
    • Annual Tax $8,689
    • Legal Description SECTION 36 TOWNSHIP 03 RANGE 69 SUBDIVISIONCD 218000 SUBDIVISIONNAME EDGEWATER BLOCK 068 LOTS 0021 TO 0024 SIZE: 12500
    • Tax Exemptions
    • Tax ID 504669
    • Tax Year 2019
    Other
    • Tenant Pays Cable TV,Electricity,Gas,Internet,Telephone
    • Utilities Metering Common Water,Separate Electric,Separate Gas
    • Utilities Paid By Tenant Direct Billing from Utility,Separate Bill from Owner

    Neighborhood

    Summary

    • Building Name
    • Development Name
    • Park Name
    • Senior Community No
    • Subdivision Edgewater
    New Home Community
    • Community Description
    • Community MLS #
    • Community Name
    • Community Opening
    • Community Website
    • Current Promotions
    • Development Status
    • Directions from Agent From Colfax Ave and Sheridan Blvd, proceed north to 20th Ave. Turn left (west) on 20th Ave to Marshall St. Turn right (north) on Marshall St, property is immediately on right.
    • Move In Date
    • New Home Available Options
    • New Home Land MLS #
    • New Home Plan MLS #
    Zoning Details
    • Current Use
    • Incorporated? No
    • Zoning RES-2
    • Zoning Jurisdiction

    Other

    Business Details
    • Business Amenities
    • BusinessDescription
    • BusinessType
    • Year Established
    History
    • Original List Price $2,300,000
    Partial Ownership Details
    • Partial Ownership Amount
    • Week Remarks
    • Weeks Available
    Other
    • Home Warranty 0
    • Ownership Agent Owner
    • Possession Closing/DOD
    • Special Listing Conditions None Known
    • Year Built 1963

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    School Zone

    District: Jefferson County R-1
    Schools: Lumberg Elementary School, Jefferson High School, Jefferson Middle School

    Area Map

    Walk Score

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    0 description summary
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