7031 E 69th Place Unit

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Virtual Tour Sold Commerce City, CO 80022 MLS# 4303582 Sold by Daniel Fortune on 11/09/2020
$500,000
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Multi-Family Property Type
4 Bedroom
2 Bathroom
4 Garage
1411.00 Sq Ft
0.36 Acres
1948 Year Built

Overview

Extremely RARE find. Fully remodeled ranch duplex that is actually 2 SEPARATE homes on a single LARGE lot. This investment has a 7.3 CAP! Each home has 2 bedrooms & 1 bathroom. Tenants love this property and feel like they have their very own home and rents reflect. Tons of natural light, open floorplan & fresh upgrades! You get $1,575/month for the front home & $1,500/month for the back home and another $500/month for the GARAGE = $3575/month! Separate metering (3 to include garage) and tenants pay ALL utilities so super low operating costs. With full remodel & low long term maintenance costs your cash flow & ownership calculations are a synch! Come get your OVER 7 CAP rate NOW!!! Quiet, safe & inviting surroundings draw BEST renters! Both homes are rented with happy tenants on 1-year leases. Run your comps... $300k on the front house and $300k on the back house gives you over $100k EQUITY the moment you close. Development and appreciation in Commerce City & Denver are BOOMING. You CASH FLOW from day 1! Great finishes with new kitchens boasting white shaker cabinets, Stainless Steel appliances in the kitchen with quartz countertops and custom tile. New paint and flooring throughout. The exterior has new roofs and new gutters as well, No detail left undone. The garage has concrete floors, a large bay door and vinyl siding. New main water lines from the city to both homes. Located blocks from parks, Buffalo Run Golf Course, shopping, easy access to I-70 & lots more! Stop waiting & get this one into your investment portfolio before someone beats you to it!

New Home Sales Hours

Courtesy Of Your Castle Real Estate Inc
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 None
    • Rent Deposit
    • Rental Application
    • Security Deposit $
    Pet Details
    • Pet Deposit
    • Pet Rent
    • Pets Allowed

    Interior Features

    Summary

    • Year Built Effective
    Basement Details
    • Basement? No
    • Basement
    • Basement Ceiling Height
    Fireplace Detail
    • Fireplace Features
    • No. of Fireplaces
    Square Foot Details
    • SqFt 1,411
    • Living Area, Finished 1,411
    • Above grade, Finished 1,411
    • Basement, Finished
    • Basement, Unfinished
    • PSF Total $354.36
    • PSF Finished $354.36
    • PSF Above Grade $354.36
    Use details
    • Leaseable Area
    • Office Area
    • Retail Area
    • Warehouse Area
    Other
    • Accessibility Features
    • Appliances Dishwasher,Microwave,Oven,Range Hood,Refrigerator
    • Building Class
    • Building Features
    • Ceiling Height
    • Common Walls
    • Exclusions Tenants personal property and attached televisions
    • Flooring Carpet,Tile
    • Furnished
    • Interior Features
    • Laundry Availability
    • Security Features
    • Spa Features
    • Window Features

    Room Details

    Bathroom Details Total Bathrooms: 2
    Bathroom Location Details
    Bedroom Location Details Total Bedrooms: 4
    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 1
    • Average Rent
    • Average SqFt 612.00
    • Dishwashers 1
    • Washers
    • Dryers
    • Hookups 1
    • Refrigerators 1
    • Stoves 1
    • Air Conditions
    • Fireplaces
    • Storage Units
    • Description
    • Actual Rent
    • Total Rent
    • Bedrooms Per Unit 2
    • Bathrooms per Unit 1
    • Parking Per Unit 1
    • Unit Type 2 Bedroom
    • Total Units 1
    • Average Rent
    • Average SqFt 799.00
    • Dishwashers 1
    • Washers
    • Dryers
    • Hookups 1
    • Refrigerators 1
    • Stoves 1
    • Air Conditions
    • Fireplaces
    • Storage Units
    • Description
    • Actual Rent
    • Total Rent
    • Bedrooms Per Unit 2
    • Bathrooms per Unit 1
    • Parking Per Unit 1

    Exterior/Lot Features

    Summary

    • Available Elevations
    • Entry Location
    • Faces
    • Horse Amenities
    • Horse Property
    • Levels One
    • Stories
    • Structure Type Duplex
    • Unit Floor #
    • View
    Builder Details
    • Builder
    •  
    • Completion Time From Groundbreaking
    • Model Type
    Construction details
    • Architecture
    • Construction Materials Frame
    • Foundation Details
    • Roof Composition
    Exterior Details
    • Dock Features
    • Door Features
    • Exterior Features
    • Fencing
    • Number of Docks
    • Number of Doors
    • Number of Storage Units
    • Other Equipment
    • Other Structures
    • Patio And Porch Features
    • Pool Features
    • Ski Features
    Livable Structure Details
    Lot Details​​​​​​​
    • Acres Leased
    • Crop Acres
    • Cultivated Acres
    • Features
    • Irrigated Acres
    • Lot Number
    • Lot Size Acres 0.36
    • Lot Size Dimensions
    • Lot Size SqFt 15,750
    • Sq Ft
    • Pasture Acres
    • Price Per Acre $1,388,888.89
    • Vegetation
    • Waterfront Features
    Mobile Details
    • Make
    • Model
    • Body Type
    • Exterior Dimensions x
    • Skirt
    Outbuilding details
    Road details
    • Access
    • Road Responsibility
    • Road Surface

    Parking/Garage

    Parking Space Summary

    Parking Features

    • Total Parking Spaces 6
    • Garage Spaces
    • Total Carport Spaces
    • Total Offstreet Spaces 2
    • Total Reserved Spaces 0
    • Total RV Spaces 0
    Parking Space Details

    Utilities & Green Home Features

    Summary

    • Cooling None
    • Green Energy Efficient
    • Heating Baseboard
    • HVAC Description
    Green Ratings
    Power Production Details
    Sewer
    • 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
    • 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 7.30
    • 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 $6,435
    • Operating Expense Includes 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
    Commission Information
    • Buyer Agency Compensation 2.80%
    • Transaction Broker Compensation 2.80%
    • Compensation Offered
    • Dual Variable Compensation No
    • Commission Modified NA
    • Closing Comments
    Income details
    • Actual Annual Net Income $36,465
    • Gross Income $42,900
    • 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 $2,005
    • Legal Description SUB:BLACK HAWK DERBY SUBD DESC: W2 OF LOT 20
    • Tax Exemptions
    • Tax ID R0088029
    • Tax Year 2019
    Other
    • Tenant Pays
    • Utilities Metering Separate Electric,Separate Gas
    • Utilities Paid By Tenant Direct Billing from Utility

    Neighborhood

    Summary

    • Building Name
    • Development Name
    • Park Name
    • Senior Community No
    • Subdivision Commerce City
    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
    • Zoning Jurisdiction

    Other

    Business Details
    • Business Amenities
    • BusinessDescription
    • BusinessType
    • Year Established
    History
    • Original List Price $500,000
    Partial Ownership Details
    • Partial Ownership Amount
    • Week Remarks
    • Weeks Available
    Other
    • Home Warranty
    • Ownership Corporation/Trust
    • Possession Closing/DOD
    • Special Listing Conditions None Known
    • Year Built 1948

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    School Zone

    District: Adams 14
    Schools: Kemp Elementary School, Adams City High School, Kearney 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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