8421 S Reed Street Unit

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Sold Littleton, CO 80128 MLS# 7527578 Sold by Jon Paul Matzke on 09/09/2021
$1,275,000
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Multi-Family Property Type
10 Bedroom
8 Bathroom
6 Garage
7582.00 Sq Ft
0.29 Acres
1998 Year Built

Overview

Don't miss your opportunity to own one of the best investment properties in Littleton. This four-plex offers two 3 bedroom/2 bath, 1,200 square foot units upstairs; each with vaulted ceilings, fireplaces, large windows, open floorplans, and washer/dryer hookups. The two lower level units are each approximately 1,200 square feet with two bedrooms, two bathrooms, and a den. The lower level units also have fireplaces, wood floors, and washer/dryer hookups, as well as full basements. One unit has an unfinished basement, and the other one is almost complete and ready for your touch. Finish this space to increase your rental income and build equity! All four units include a detached garage (two two-car, and two one-car). The garages are completely separate from one another, allowing tenants to store their personal belongings. Every unit has its own private yard with grass and large trees. This beautiful Littleton neighborhood is minutes from C470, great dining and shopping. All four units are currently tenant occupied and under lease. No better way to have instant profit! Use the equity in your current home to jump into the investment world, or add this multifamily building to your existing portfolio. You can't go wrong with this well-kept unit in such a desirable location! Showings will be permitted with submitted proof of funds, so as not to disturb the tenants. Property currently grossing over $71,000 per year!

New Home Sales Hours

Courtesy Of Rex Homes LLC
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
    • 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 Partial,Unfinished
    • Basement Ceiling Height
    Fireplace Detail
    • Fireplace Features
    • No. of Fireplaces
    Square Foot Details
    • SqFt 7,582
    • Living Area, Finished 5,044
    • Above grade, Finished 5,044
    • Basement, Finished 0
    • Basement, Unfinished 2,538
    • PSF Total $168.16
    • PSF Finished $252.78
    • PSF Above Grade $252.78
    Use details
    • Leaseable Area
    • Office Area
    • Retail Area
    • Warehouse Area
    Other
    • Accessibility Features
    • Appliances
    • Building Class
    • Building Features
    • Ceiling Height
    • Common Walls
    • Exclusions Any personal property of the tenants.
    • Flooring
    • Furnished
    • Interior Features
    • Laundry Availability In Unit
    • Security Features
    • Spa Features
    • Window Features

    Room Details

    Bathroom Details Total Bathrooms: 8
    Bathroom Location Details
    Bedroom Location Details Total Bedrooms: 10
    More Room Details

    Unit Information

    Summary

    • Number of Units
    • Number of Units Furnished
    • Number of Units Vacant
    • Unit Features
    Single Unit Details
    • Unit Type 2 Bedroom
    • Total Units 8427
    • Average Rent 1400.00
    • Average SqFt 1200.00
    • Dishwashers
    • Washers
    • Dryers
    • Hookups
    • Refrigerators
    • Stoves
    • Air Conditions
    • Fireplaces
    • Storage Units
    • Description
    • Actual Rent
    • Total Rent
    • Bedrooms Per Unit 2
    • Bathrooms per Unit 2
    • Parking Per Unit 4
    • Unit Type 2 Bedroom
    • Total Units 8425
    • Average Rent 1400.00
    • Average SqFt 1200.00
    • Dishwashers
    • Washers
    • Dryers
    • Hookups
    • Refrigerators
    • Stoves
    • Air Conditions
    • Fireplaces
    • Storage Units
    • Description
    • Actual Rent
    • Total Rent
    • Bedrooms Per Unit 2
    • Bathrooms per Unit 2
    • Parking Per Unit 4
    • Unit Type 3 Bedroom
    • Total Units 8423
    • Average Rent 1550.00
    • Average SqFt 1200.00
    • Dishwashers
    • Washers
    • Dryers
    • Hookups
    • Refrigerators
    • Stoves
    • Air Conditions
    • Fireplaces
    • Storage Units
    • Description
    • Actual Rent
    • Total Rent
    • Bedrooms Per Unit 3
    • Bathrooms per Unit 2
    • Parking Per Unit 2
    • Unit Type 3 Bedroom
    • Total Units 8421
    • Average Rent 1600.00
    • Average SqFt 1200.00
    • Dishwashers
    • Washers
    • Dryers
    • Hookups
    • Refrigerators
    • Stoves
    • Air Conditions
    • Fireplaces
    • Storage Units
    • Description
    • Actual Rent
    • Total Rent
    • Bedrooms Per Unit 3
    • Bathrooms per Unit 2
    • Parking Per Unit 2

    Exterior/Lot Features

    Summary

    • Available Elevations
    • Entry Location
    • Faces East
    • Horse Amenities
    • Horse Property
    • Levels Two
    • Stories
    • Structure Type Quadruplex
    • Unit Floor # 1
    • View
    Builder Details
    • Builder
    •  
    • Completion Time From Groundbreaking
    • Model Type
    Construction details
    • Architecture Contemporary
    • Construction Materials Cement Siding
    • Foundation Details
    • Roof Composition
    Exterior Details
    • Dock Features
    • Door Features
    • Exterior Features Balcony
    • Fencing
    • Number of Docks
    • Number of Doors
    • Number of Storage Units
    • Other Equipment
    • Other Structures
    • Patio And Porch Features Patio
    • Pool Features
    • Ski Features
    Livable Structure Details
    Lot Details​​​​​​​
    • Acres Leased
    • Crop Acres
    • Cultivated Acres
    • Features
    • Irrigated Acres
    • Lot Number
    • Lot Size Acres 0.29
    • Lot Size Dimensions
    • Lot Size SqFt 12,600
    • Sq Ft
    • Pasture Acres
    • Price Per Acre $4,396,551.72
    • 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

    • Total Parking Spaces 12
    • Garage Spaces
    • Total Carport Spaces
    • Total Offstreet Spaces 6
    • Total Reserved Spaces 0
    • Total RV Spaces 0
    Parking Space Details

    Utilities & Green Home Features

    Summary

    • Cooling Central Air
    • Green Energy Efficient
    • Heating Forced Air
    • HVAC Description
    Green Ratings
    Power Production Details
    Sewer
    • Sewer Public Sewer
    • Sewer Fee
    • Sewer Tap Paid YN
    Utilities details
    • Electric Service
    • Gas Tap Fee
    • Gas Tap Paid YN
    • Utilities
    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
    • Cap Rate Calculation
    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 $
    • Operating Expense Includes
    • 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 $
    • Gross Income $71,400
    • 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 $
    • Projected Annual Net Income $
    • Projected Gross Income $
    • Projected Gross Operating Income $
    • Vacancy Credit Losses
    Tax details
    • Annual Tax $4,929
    • Legal Description SECTION 02 TOWNSHIP 06 RANGE 69 SUBDIVISIONCD 514600 SUBDIVISIONNAME MEADOWBROOK HEIGHTS BLOCK 005 LOT 0008 SIZE: 12600 TRACT VALUE: .289
    • Tax Exemptions
    • Tax ID 033158
    • Tax Year 2020
    Other
    • Tenant Pays
    • Utilities Metering
    • Utilities Paid By Tenant

    Neighborhood

    Summary

    • Building Name
    • Development Name
    • Park Name
    • Senior Community No
    • Subdivision Meadowbrook Heights
    New Home Community
    • Community Description
    • Community MLS #
    • Community Name
    • Community Opening
    • Community Website
    • Current Promotions
    • Development Status
    • Directions from Agent
    • Move In Date
    • New Home Available Options
    • New Home Land MLS #
    • New Home Plan MLS #
    Zoning Details
    • Current Use
    • Incorporated? No
    • Zoning R-3
    • Zoning Jurisdiction

    Other

    Business Details
    • Business Amenities
    • BusinessDescription
    • BusinessType
    • Year Established
    History
    • Original List Price $1,300,000
    Partial Ownership Details
    • Partial Ownership Amount
    • Week Remarks
    • Weeks Available
    Other
    • Home Warranty 0
    • Ownership Individual
    • Possession
    • Special Listing Conditions None Known
    • Year Built 1998

    Mortgage Calculator

    School Zone

    District: Jefferson County R-1
    Schools: Columbine Hills Elementary School, Columbine High School, Ken Caryl Middle School

    Area Map

    Walk Score

    Bike Score

    Bike Score

    0 description
    Transit Score

    Transit Score

    0 description summary
    Walk Score

    Walk Score

    0 description
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