COMPLETELY RENOVATED / TURNKEY, 6.44% CURRENT CAP RATE, 10-unit multifamily community located in the City and County of Denver just 15 minutes from Downtown. All 10 of the units are 2 bed / 1 bath, averaging 750 SF and rent for $1600 per month plus utilities. This all-brick building has a new pitched roof, new double pane windows, new doors, all new plumbing, updated electrical panels, all new furnaces, all new kitchens and bathrooms, new light fixtures, and new flooring throughout. Everything has been done, maintenance & repairs should be minimal. 8 of the 10 units are individually metered for gas and electricity that is paid directly by the resident, 2 units share a gas and electric meter and pay their share. Residents reimburse the owner for water and sewer cost. The building has a new laundry facility with coin-operated laundry machines allowing for additional income to the owner. The property is situated on a large 0.63-acre lot, offering residents plenty of off-street parking as well as a large fenced-off area for future outdoor storage. The property is close proximity to restaurants, shopping, employment, and public transportation. Contact listing agents for additional financial and property information. Showings by appointment only, must contact listing agent directly, no Showingtime or other showing service.
Courtesy Of Marcus & Millichap Real Estate Investment Services of Atlanta, Inc.
Schools: Elementary School, High School, Middle School
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