Here is a rare opportunity to buy a perfectly located, well-maintained duplex in Arvada, containing huge value-add opportunities and an assumable 3.0% FHA loan with a $565K existing balance. One side of the duplex is vacant and contains 2 beds, 2 bath and the other side is tenant-occupied and contains 2 beds, 1 baths - each with attached 1-car garages Further, both units have a full, unfinished basement, which can be finished for increased income. The opportunity to purchase this duplex is perfect for both investors and for owner occupants wishing to subsidize their mortgage payment with rental income. The location for this property is perfect! It is directly across the street from Oak Park & Pavilion, has direct access to Ralston Creek Trail, is in close proximity to other APEX recreational centers (including tennis courts); charter school at the corner; private charter school within 5 minutes, public elementary and middle schools within 10 minutes; and Arvada West High School within 5-10 minutes. Plus, Old Town Arvada is just 10 minutes away! Additional notes... Unit A has a newer garage door, newer lighting updates; newer basement bathroom remodel; new in line RO filter at kitchen sink (with remineralization filter), and newer front door and storm door.
Last Agent to Sell the Property
Greenwood Estates Realty LLC Brokerage Email: david@gerhomes.com,303-517-0345 License #100053955 Listed on: 10/30/2024
$775,000
Exceptional investment opportunity! Rare side by side duplex near Olde Town Arvada! One Spacious 3 Bedroom 2 Bath unit and One Ranch Style 2 Bedroom 1 bath unit. Each unit offers private laundry, balconies/patio area, separate fenced-in backyard areas, front porch areas, separate electric and gas meters, each unit has private over size 1 car garage and additional off street parking spaces. It’s
Eric Carlton The Carlton Company
$680,000
Don’t miss out on this great investment opportunity in Wheat Ridge. This side-by-side duplex has lots of potential. This duplex is located a block to the RTD light rail station for easy commuting to the Downtown area. Easy access to I70, Mountains and the Applewood area. This duplex is also an easy commute to Old Towne Arvada and Golden. Both units are leased with leases ending in
Anne Kremer ERA New Age
$580,000
Fantastic investment opportunity in Wheat Ridge! This side-by-side duplex offers two spacious 2-bed, 1-bath units (unit 4785 and 4787), perfectly situated close to Wadsworth and vibrant Old Town Arvada with shopping, dining, and entertainment at your fingertips. One unit is currently leased at $1,685/month, while the second unit is vacant—recent Rentometer analysis indicates potential rents
Sean Gribbons The Gold Standard Brokerage
$800,000
8090 Is the unit to show and requires 24 hour notice to show ** Each unit has 2+1 bedrooms, 2 baths and an attached 1 car garage ** 8090 Chase Drive just signed another 1 year lease ** 8080 Chase Drive will be vacated sometime in July ** Rent Meter shows that both rents have the potential to be raised **
Rich Smith RE/MAX Alliance
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $732,500 | Htc | |
| Special Warranty Deed | $732,500 | Htc | |
| Warranty Deed | $620,000 | First American Title | |
| Warranty Deed | $237,000 | Land Title | |
| Quit Claim Deed | -- | -- |
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $688,550 | New Conventional | |
| Closed | $688,550 | New Conventional | |
| Previous Owner | $608,770 | FHA | |
| Previous Owner | $169,700 | New Conventional | |
| Previous Owner | $246,600 | Unknown | |
| Previous Owner | $244,800 | Unknown | |
| Previous Owner | $213,300 | No Value Available |
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/22/2024 11/22/24 | Sold | $732,500 | -1.0% | $327 / Sq Ft |
| 10/30/2024 10/30/24 | For Sale | $740,000 | -- | $330 / Sq Ft |
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $3,960 | $40,826 | $14,204 | $26,622 |
| 2023 | $3,960 | $40,826 | $14,204 | $26,622 |
| 2022 | $3,108 | $31,738 | $11,054 | $20,684 |
| 2021 | $3,229 | $33,371 | $11,623 | $21,748 |
| 2020 | $3,021 | $31,304 | $10,337 | $20,967 |
| 2019 | $2,980 | $31,304 | $10,337 | $20,967 |
| 2018 | $2,443 | $24,948 | $6,051 | $18,897 |
| 2017 | $2,236 | $24,948 | $6,051 | $18,897 |
| 2016 | $2,439 | $25,631 | $6,580 | $19,051 |
| 2015 | $2,053 | $26,886 | $6,580 | $20,306 |
| 2014 | $2,053 | $20,282 | $5,158 | $15,124 |
Seller's Agent in 2024
David Jimenez
Greenwood Estates Realty LLC
(303) 517-0345
1 in this area
159 Total Sales
Buyer's Agent in 2024
Chuck Murphy
Epic Realty
(303) 760-2701
1 in this area
34 Total Sales
Source: REcolorado®
MLS Number: 9995599
APN: 39-044-21-026
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