NOT LISTED FOR SALE
8 Beds
4 Baths
2,890 Sq Ft
0.26 Acres

Last Sold June 03, 2022

Last sale price $875,000 $303 Per Sq Ft

22 Days on Market

Highlights

  • Property is near public transit
  • Traditional Architecture
  • Covered patio or porch
  • Drake Junior High School Rated A-
  • Private Yard
  • Eat-In Kitchen

About This Home

As of June 2022

Each unit features two bedrooms, one bathroom, in-unit laundry hookups, and off-street parking. Great location just a block away from public transportation, stores, restaurants, and across the street from the Van Bibber Trail and sports complexes. The property has large fenced areas for children and pets to play. Units have separate electric meters. Owner pays water/sewer, trash, and grounds maintenance (snow removal, landscaping). Current property manager lives in one of the units. Rents could be raised, see Rentometer Report in Supplements. Updated boiler system, replaced sidearm tank, changed out all the zone valves to a newer model, and redirected piping flow to reduce issues with the sidearm tank. Easy to manage building, long term tenants would like to stay.

Last Agent to Sell the Property

Curtis Wehr

Legacy 100 Real Estate Partners LLC License #040006711 Listed on: 04/21/2022

Co-Listed By

WEHR HOMES TEAM

Legacy 100 Real Estate Partners LLC

Last Buyer's Agent

Clayton Primm

Marcus & Millichap Real Estate Investment Services of Atlanta, Inc. License #100024161

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,312

Year Built

  • Built in 1961

Lot Details

  • 0.26 Acre Lot
  • 1 Common Wall
  • North Facing Home
  • Partially Fenced Property
  • Landscaped
  • Private Yard

Home Design

  • Quadruplex
  • Traditional Architecture
  • Brick Exterior Construction
  • Slab Foundation
  • Frame Construction
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,890 Sq Ft Home
  • Multi-Level Property

Kitchen

  • Eat-In Kitchen
  • Range

Flooring

  • Carpet
  • Linoleum
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • 6 Parking Spaces
  • 6 Off-Street Spaces
  • Paved Parking

Outdoor Features

  • Covered patio or porch
  • Exterior Lighting

Location

  • Property is near public transit

Schools

  • Allendale Elementary School
  • Drake Middle School
  • Arvada West High School

Utilities

  • Evaporated cooling system
  • Forced Air Heating System
  • Separate Meters
  • Natural Gas Connected
  • Water Heater
  • High Speed Internet

Community Details

  • Ralston Valley Gardens Subdivision
  • Operating Expense $14,421

Listing and Financial Details

  • Exclusions: Seller's and Tenant's Personal Property.
  • Tenant pays for electricity
  • The owner pays for gas, grounds care, trash collection, water
  • Assessor Parcel Number 069618

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,312

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadplex
  • Architectural Style: Traditional
  • Structure Type: Quadruplex
  • Levels: Multi/Split
  • Above Grade Price per Sq Ft: 605.54
  • Finished Price per Sq Ft: 302.77
  • Total Price per Sq Ft: 302.77
  • Year Built: 1961
  • Above Grade Finished Sq Ft: 1445.00
  • Actual Annual Net Income: 42579.00
  • Entry Location: Stairs
  • Exclusions: Seller's and Tenant's Personal Property.
  • Living Area: 2890.00
  • Offstreet Spaces: 6
  • P P A: 3365384.62
  • Projected Annual Expense: 14421.00
  • Projected Annual Net Income: 54459.00
  • Projected Gross Income: 68880.00
  • Utility Metering: Separate Electric
  • SubdivisionName: Ralston Valley Gardens
  • Special Features: None

Interior Features

  • Appliances: Dryer, Range, Refrigerator, Washer
  • Interior Amenities: Eat-in Kitchen
  • Flooring: Carpet, Linoleum, Tile
  • Common Walls: 1 Common Wall
  • Total Bedrooms: 8

Exterior Features

  • Direction Faces: North
  • Foundation Details: Slab
  • Roof: Composition
  • Construction Materials: Brick, Frame, Wood Siding
  • Exterior Features: Lighting, Private Yard
  • Patio and Porch Features: Covered, Front Porch, Patio

Garage/Parking

  • Parking Features: Concrete
  • Total Parking Spaces: 6

Utilities

  • Utilities: Electricity Connected, Internet Access (Wired), Natural Gas Connected, Phone Connected
  • Sewer: Public Sewer
  • Cooling: Evaporative Cooling
  • Heating: Forced Air, Hot Water
  • Water Source: Public
  • Laundry Features: In Unit

Fee Information

  • Operating Expense: 14421.00

Schools

  • School District: Jefferson County R-1
  • Elementary School: Allendale
  • Middle School: Drake
  • High School: Arvada West
  • Middle Or Junior School: Drake

Lot Info

  • Parcel Number: 069618
  • Lot Size Acres: 0.26
  • Fencing: Partial
  • Building Area Total: 2890.00
  • Lot Features: Landscaped, Near Public Transit
  • Lot Size Sq Ft: 11325.60

Rental Info

  • Owner Pays: Gas, Grounds Care, Trash Collection, Water
  • Tenant Pays: Electricity

Multi Family

  • Unit Count: 4

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 3312.00

MLS Schools

  • Elementary School: Allendale
  • High School: Arvada West

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/03/2022 06/03/22 Sold $875,000 -5.4% $303 / Sq Ft
05/13/2022 05/13/22 Pending -- -- --
04/21/2022 04/21/22 For Sale $925,000 -- $320 / Sq Ft
Source: REcolorado®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: REcolorado®

MLS Number: 7861700

REcolorado®