$975,000
SOLD OCT 7, 2022
14 Beds
4 Baths
5,276 Sq Ft
0.29 Acres

Recently Sold

$185 Per Sq Ft

11% Below List Price

10 Days on Market

Highlights

  • Property is near public transit
  • Granite Countertops
  • Covered patio or porch
  • Corner Lot
  • Private Yard
  • Tile Flooring

About This Home

As of October 2022

RARE GEM! This triplex is truly an astounding opportunity for the new or seasoned residential rental investor! The home boasts of three homes side by side with full finished basements, private garages, and spacious enclosed yards for each unit. The basement living quarters paired with the upstairs are perfect for blended families or mother-in-law housing, allowing the investor to capitalize on the square footage of the home and maximize the rents. All three units have full basements, with two of the three sporting a full kitchen, individual laundry room and private entrances. Possibly could be used as a short term rental opportunity. The property alone has five kitchens, 14 bedrooms, 6 full bathrooms and a front porch ideal for creating community among the tenants. It is in an ideal location close to Anschutz Medical Campus drawing renters from the medical community. This property showcases a revenue of over $9,000 a month with a strong upside potential. The area is becoming more affluent with several new condos within blocks of this property. The sky's the limit with this property especially for the investor who is looking for a generous monthly cash flow opportunity. Pair this property with the triplex next door, also for sale, to maximize the management and oversight of both. Special financing arrangement available with the current property lender.

Last Agent to Sell the Property

Mitch Conrad

HomeSmart Realty License #100065152 Listed on: 08/19/2022

HomeSmart Realty

Last Buyer's Agent

Sherry Schoenberger

HomeSmart License #40035137

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,282

Year Built

  • Built in 1978

Lot Details

  • 0.29 Acre Lot
  • North Facing Home
  • Landscaped
  • Corner Lot
  • Level Lot
  • Front and Back Yard Sprinklers
  • Private Yard

Parking

  • 3 Car Garage

Home Design

  • Triplex
  • Brick Exterior Construction
  • Frame Construction
  • Composition Roof

Interior Spaces

  • 1-Story Property
  • Ceiling Fan
  • Living Room with Fireplace
  • Laundry in multiple locations

Kitchen

  • Oven
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 4 Bathrooms

Finished Basement

  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry
  • Basement Cellar
  • Laundry in Basement

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Covered patio or porch
  • Rain Gutters

Location

  • Property is near public transit

Schools

  • Sable Elementary School
  • North Middle School
  • Hinkley High School
  • School of Choice Available

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Separate Meters
  • Gas Water Heater
  • Cable TV Available

Community Details

  • Sable Village Filing 1 Subdivision
  • Operating Expense $21,442

Listing and Financial Details

  • Exclusions: Tenant property.
  • Tenant pays for electricity, gas, internet, telephone
  • The owner pays for trash collection, water
  • Assessor Parcel Number R0085397

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,282

Year Built

Built in 1978

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Triplex
  • Structure Type: Triplex
  • Levels: One
  • Above Grade Price per Sq Ft: 357.40
  • Finished Price per Sq Ft: 184.80
  • Total Price per Sq Ft: 178.70
  • School Of Choice Yn: Yes
  • Year Built: 1978
  • Above Grade Finished Sq Ft: 2728.00
  • Actual Annual Net Income: 71318.00
  • Below Grade Sq Ft: 180.00
  • Cap Rate Calculation: 71,318 / 1,095,000 = .0682
  • Exclusions: Tenant property.
  • Living Area: 5276.00
  • P P A: 3362068.97
  • Projected Annual Expense: 17160.00
  • Projected Annual Net Income: 87600.00
  • Projected Gross Income: 104760.00
  • Utility Metering: Separate Electric, Separate Gas
  • Directions: From Sable Blvd, go west on E 22nd Place.
  • SubdivisionName: Sable Village Filing 1
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Gas Water Heater, Oven, Refrigerator
  • Fireplaces: 1
  • Interior Amenities: Ceiling Fan(s), Granite Counters
  • Flooring: Laminate, Tile
  • Fireplace Features: Living Room
  • Basement Ceiling Height: 8
  • Basement: Cellar, Exterior Entry, Finished, Full, Interior Entry/Standard
  • Basement: Yes
  • Total Bedrooms: 14
  • Below Grade Sq Ft: 2548.00

Exterior Features

  • Direction Faces: North
  • Roof: Composition
  • Construction Materials: Brick, Frame
  • Exterior Features: Private Yard, Rain Gutters
  • Patio and Porch Features: Covered, Front Porch

Garage/Parking

  • Parking Features: Concrete
  • Garage Spaces: 3
  • Total Parking Spaces: 3

Utilities

  • Utilities: Cable Available, Electricity Connected
  • Sewer: Public Sewer
  • Heating: Forced Air, Natural Gas
  • Water Source: Public
  • Laundry Features: In Basement, In Unit, Laundry Closet, Main Level, Multiple Locations
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)

Fee Information

  • Operating Expense: 21442.00

Schools

  • School District: Adams-Arapahoe 28J
  • Elementary School: Sable
  • Middle School: North
  • High School: Hinkley
  • Middle Or Junior School: North

Lot Info

  • Parcel Number: R0085397
  • Lot Size Acres: 0.29
  • Building Area Total: 5456.00
  • Lot Features: Corner Lot, Landscaped, Level, Near Public Transit, Sprinklers In Front, Sprinklers In Rear
  • Lot Size Sq Ft: 12474.00

Rental Info

  • Owner Pays: Trash Collection, Water
  • Tenant Pays: Electricity, Gas, Internet, Telephone

Multi Family

  • Unit Count: 3
  • Utility Billing to Tenants: Direct Billing from Utility, Included in Rent

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 5282.00

MLS Schools

  • Elementary School: Sable
  • High School: Hinkley

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 19, 2022
Closed on
Oct 7, 2022
Sold by
East 22Nd Place Llc
Bought by
Breezy Rental Properties Llc
Seller's Agent
Mitch Conrad
HomeSmart Realty
Buyer's Agent
Sherry Schoenberger
HomeSmart
List Price
$1,095,000
Sold Price
$975,000
Premium/Discount to List
-$120,000
-10.96%
Views
2

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.94%
Original Mortgage
$1,462,500
Outstanding Balance
$1,147,906
Interest Rate
5.55%
Mortgage Type
New Conventional
Estimated Equity
-$31,906

Purchase Details

Closed on
Feb 19, 2021
Sold by
Atp Properties Llc
Bought by
East 22Nd Place Llc

Purchase Details

Closed on
Feb 29, 2000
Sold by
Punwaney Lal Kotu
Bought by
Conrad Mitchell J and Conrad Jennifer L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,000
Interest Rate
8.5%
Source: Public Records

Similar Homes in Aurora, CO

  • 14200 E 22nd Place, Aurora, CO 80011

    $1,100,000

    • 14 Beds
    • 6 Baths
    • 5,276 Sq Ft
    • 14200 E 22nd Place
    • Aurora, CO

    PRICE IMPROVEMENT!!! Rare opportunity to own a huge residential rental with great upside potential!!! This triplex boasts 5B/2B, 4B/2B and 5B/2B with full finished basements, private garages, and spacious enclosed yards for each unit. The basement living quarters paired with the upstairs are perfect for large families, blended families or mother-in-law housing, allowing the investor to

    Sherry Schoenberger HomeSmart

    Section Image
  • 14220 E 22nd Place, Aurora, CO 80011

    $1,030,000

    • 13 Beds
    • 6 Baths
    • 5,276 Sq Ft
    • 14220 E 22nd Place
    • Aurora, CO

    PRICE IMPROVEMENT!!! Fantastic investor opportunity in Aurora! This triplex features 5B/2B, 4B/2B, 4B/2B..as well as finished basements, in unit laundry (washer/dryer included), private backyards and covered front porch. The units boast main floor family room, kitchen, two bedroom and bathroom, while the basement has an additional 2-3 bedrooms, bathroom, laundry, and 2nd family room....Ample

    Sherry Schoenberger HomeSmart

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed $975,000 First Alliance Title
Warranty Deed -- None Listed On Document
Warranty Deed $190,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $731,000 New Conventional
Open $1,462,500 New Conventional
Previous Owner $100,000 Unknown
Previous Owner $660,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $242,400 Unknown
Previous Owner $92,300 Credit Line Revolving
Previous Owner $242,000 Unknown
Previous Owner $171,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/28/2025 07/28/25 Price Changed $1,100,000 +900.0% $208 / Sq Ft
07/28/2025 07/28/25 Price Changed $110,000 -90.2% $21 / Sq Ft
06/17/2025 06/17/25 Price Changed $1,120,000 -2.6% $212 / Sq Ft
05/02/2025 05/02/25 For Sale $1,150,000 +17.9% $218 / Sq Ft
10/07/2022 10/07/22 Sold $975,000 -6.7% $185 / Sq Ft
08/29/2022 08/29/22 Pending -- -- --
08/24/2022 08/24/22 Price Changed $1,045,000 -4.6% $198 / Sq Ft
08/19/2022 08/19/22 For Sale $1,095,000 -- $208 / Sq Ft
Source: REcolorado®

Tax History Compared to Growth

Source: Public Records

Tax History

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 $6,059 $58,380 $9,500 $48,880
2023 $6,155 $61,490 $6,830 $54,660
2022 $4,961 $43,660 $6,870 $36,790
2021 $5,282 $43,660 $6,870 $36,790
2020 $5,204 $38,590 $7,220 $31,370
2019 $4,546 $38,590 $7,220 $31,370
2018 $3,367 $28,460 $4,320 $24,140
2017 $2,991 $28,460 $4,320 $24,140
2016 $2,625 $24,770 $4,180 $20,590
2015 $2,379 $23,180 $4,180 $19,000
2014 $4,266 $21,180 $4,180 $17,000
Source: Public Records

Agents Affiliated with this Home

See All Agents

Map

Source: REcolorado®

MLS Number: 7278364

REcolorado®

APN: 1821-31-2-18-001