NOT LISTED FOR SALE

4875 W 11th Ave Unit 4877 Denver, CO 80204

Villa Park Neighborhood

Estimated Value: $818,000

6 Beds
3 Baths
2,499 Sq Ft
$327/Sq Ft Est. Value

Last Sold April 05, 2023

Last sale price $1,012,000 $405 Per Sq Ft

Est. 19% decrease in value since last sale

Current estimated payment $4,752/month

135 Days on Market

Highlights

  • 1-Story Property
  • 5-minute walk to Sheridan
  • Level Lot
  • Landscaped
  • Forced Air Heating System

About This Home

As of April 2023

Recently Renovated triplex in Denver just south of Sloan's Lake! Three kitchen and bathroom renovations and a full overhaul on the landscaping. This investment opportunity is ready to produce income with NO additional capital expenditures.

All units are 2 bedroom, 1 bathroom and have in-unit laundry. All units were renovated in the last 5 years and well maintained. This opportunity is perfect for an investor, house hacker, long-term rental income, short term rental income (Airbnb, VRBO, VACASA), or even a single family with a mother-in-law suite.

1 mile south of the Sought after Sloan's Lake. Half a mile to the Sheridan light rail station. 1 mile Sloan's Lake Tap & Burger. 10 minutes to Coors Field! Property is tenant occupied.

Last Agent to Sell the Property

Steve Cerese

Five Four Real Estate, LLC License #100069710 Listed on: 10/19/2022

Co-Listed By

Brynn Cerese

Five Four Real Estate, LLC License #100094461

Last Buyer's Agent

Nathaniel Van Horn

Compass - Denver License #100091451

Compass - Denver

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,131

Year Built

  • Built in 1959 | Remodeled

Lot Details

  • 7,405 Sq Ft Lot
  • Landscaped
  • Level Lot

Home Design

  • Triplex
  • Brick Exterior Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Finished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Parking

  • 6 Parking Spaces
  • 6 Off-Street Spaces

Schools

  • Cowell Elementary School
  • Strive Lake Middle School
  • North High School

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Separate Water Meter

Community Details

  • Villa Park Subdivision
  • Operating Expense $10,000

Listing and Financial Details

  • Exclusions: Any tenant personal property
  • Tenant pays for electricity, gas, internet
  • The owner pays for electricity, gas, insurance, taxes, trash collection, water
  • Assessor Parcel Number 5063-00-067

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,131

Year Built

Built in 1959 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Triplex
  • Structure Type: Triplex
  • Levels: One
  • Above Grade Price per Sq Ft: 576.31
  • Finished Price per Sq Ft: 404.96
  • Total Price per Sq Ft: 404.96
  • Year Built: 1959
  • Above Grade Finished Sq Ft: 1756.00
  • Actual Annual Net Income: 46400.00
  • Cap Rate Calculation: $59,000 / $994,999 = 5.93
  • Exclusions: Any tenant personal property
  • Living Area: 2499.00
  • Offstreet Spaces: 6
  • P P A: 5952941.18
  • Projected Annual Expense: 10000.00
  • Projected Annual Net Income: 59000.00
  • Projected Gross Income: 69000.00
  • Utility Metering: Separate Electric, Separate Gas, Separate Water
  • Property Condition: Updated/Remodeled
  • SubdivisionName: Villa Park
  • Special Features: None

Interior Features

  • Basement: Finished, Full, Interior Entry/Standard
  • Basement: Yes
  • Total Bedrooms: 6
  • Below Grade Sq Ft: 743.00

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Roof: Composition
  • Construction Materials: Brick

Garage/Parking

  • Total Parking Spaces: 6

Utilities

  • Sewer: Public Sewer
  • Heating: Forced Air

Fee Information

  • Operating Expense: 10000.00

Schools

  • School District: Denver 1
  • Elementary School: Cowell
  • Middle School: Strive Lake
  • High School: North
  • Middle Or Junior School: Strive Lake

Lot Info

  • Parcel Number: 5063-00-067
  • Lot Size Acres: 0.17
  • Building Area Total: 2499.00
  • Lot Features: Landscaped, Level
  • Lot Size Sq Ft: 7405.20

Rental Info

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

Multi Family

  • Unit Count: 3

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 3131.00

MLS Schools

  • Elementary School: Cowell
  • High School: North

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 19, 2022
Closed on
Apr 5, 2023
Sold by
Rn3 Properties Llc
Bought by
Darnell Jesse Jerry and Potakowski Jessica Mae
Seller's Agent
Steve Cerese
Five Four Real Estate, LLC
Buyer's Agent
Nathaniel Van Horn
Compass - Denver
List Price
$969,000
Sold Price
$1,012,000
Premium/Discount to List
$43,000
4.44%
Views
34
Current Estimated Value
$818,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$194,000
Avg. Annual Appreciation
-8.10%
Original Mortgage
$1,035,276
Outstanding Balance
$1,006,766
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
-$188,766

Purchase Details

Closed on
Sep 30, 2022
Sold by
Walton Roger L
Bought by
Rn3 Properties Llc

Purchase Details

Closed on
May 12, 2017
Sold by
Jdi Homes Inc
Bought by
Walton Roger L and Walton Sherry A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
4.14%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 14, 2016
Sold by
Valdez Emerenciana Leova
Bought by
Jdi Homes Inc
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Darnell Jesse Jerry $1,012,000 Fitco
Rn3 Properties Llc $750,000 --
Walton Roger L $500,000 Heritage Title Co
Jdi Homes Inc $265,000 Heritage Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Darnell Jesse Jerry $1,035,276
Previous Owner Walton Roger L $375,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/05/2023 04/05/23 Sold $1,012,000 +1.7% $405 / Sq Ft
03/03/2023 03/03/23 Pending -- -- --
02/09/2023 02/09/23 Price Changed $994,999 +2.7% $398 / Sq Ft
02/09/2023 02/09/23 For Sale $969,000 0.0% $388 / Sq Ft
01/28/2023 01/28/23 Pending -- -- --
01/12/2023 01/12/23 Price Changed $969,000 -4.2% $388 / Sq Ft
01/12/2023 01/12/23 For Sale $1,011,000 -0.1% $405 / Sq Ft
12/31/2022 12/31/22 Off Market $1,012,000 -- --
12/06/2022 12/06/22 For Sale $1,011,000 0.0% $405 / Sq Ft
12/05/2022 12/05/22 Pending -- -- --
11/13/2022 11/13/22 Price Changed $1,011,000 +6.4% $405 / Sq Ft
11/03/2022 11/03/22 Price Changed $949,998 0.0% $380 / Sq Ft
10/19/2022 10/19/22 For Sale $949,999 -- $380 / 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 $4,978 $62,850 $20,920 $41,930
2023 $4,870 $62,850 $20,920 $41,930
2022 $3,173 $39,900 $19,970 $19,930
2021 $3,131 $41,960 $21,000 $20,960
2020 $2,786 $37,550 $18,380 $19,170
2019 $2,708 $37,550 $18,380 $19,170
2018 $2,273 $29,380 $13,220 $16,160
2017 $2,266 $29,380 $13,220 $16,160
2016 $1,486 $18,220 $4,091 $14,129
2015 $1,423 $18,220 $4,091 $14,129
2014 $1,369 $16,480 $2,340 $14,140
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REcolorado®

MLS Number: 5257339

REcolorado®

APN: 5063-00-067