NOT LISTED FOR SALE
9 Beds
4 Baths
3,712 Sq Ft
0.27 Acres

Last Sold November 10, 2022

Last sale price $1,740,000 $469 Per Sq Ft

52 Days on Market

Highlights

  • Wood Flooring
  • Walk-In Closet
  • Laundry closet
  • Stone Countertops
  • Patio
  • Forced Air Heating and Cooling System

About This Home

As of November 2022

This is a stunning complete remodel with top of the line finishes. So many great options to make this a cash cow! Rent long term, take advantage of Arvada Airbnb regulations (AIRDNA shows over $50,000 a year per unit in income), new Lutheran hospital for traveling nurses, property will have paperwork available for you to subdivide and resell as townhome style condos. The upgrades are all high end - 6 in wide plank engineered wood floors, quartz countertops, basalt stone backsplash, NEW Frigidaire black stainless appliances packages in all the units, custom iron railings, LED lighting, herringbone design tile, Delta matte black fixtures and so much more. Not only do you get top of the line finishes but all AC and furnaces have warranties , brand new windows, copper plumbing, ABS waste lines, wood siding, new concrete around various parts of the property. This is ready for someone to take over and turn into a cashflow machine! Contact the listing agent for a VIP showing.

Last Agent to Sell the Property

Sean Gribbons

The Gold Standard Brokerage License #100055843 Listed on: 08/24/2022

Last Buyer's Agent

Peter Hu

Good Neighbor LLC License #100050294

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,819

Year Built

  • Built in 1983

Lot Details

  • Two or More Common Walls
  • Property is Fully Fenced

Parking

  • 4 Car Garage

Home Design

  • Quadruplex
  • Frame Construction
  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,712 Sq Ft Home
  • 2-Story Property
  • Crawl Space

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Stone Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 9 Bedrooms
  • Walk-In Closet
  • 4 Bathrooms

Laundry

  • Laundry closet
  • Dryer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Schools

  • Lawrence Elementary School
  • Everitt Middle School
  • Arvada High School

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters
  • Natural Gas Connected
  • Shared Water Meter
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • Patio
  • Ground Level

Community Details

  • Old Town Arvada Subdivision

Listing and Financial Details

  • Assessor Parcel Number 010499

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,819

Year Built

Built in 1983

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadplex
  • Structure Type: Quadruplex
  • Levels: Two
  • Above Grade Price per Sq Ft: 468.75
  • Finished Price per Sq Ft: 468.75
  • Total Price per Sq Ft: 468.75
  • Year Built: 1983
  • Above Grade Finished Sq Ft: 3712.00
  • Cap Rate Calculation: 2 X 2000 mo 2@ 50k year
  • Entry Location: Ground
  • Living Area: 3712.00
  • Projected Annual Expense: 14800.00
  • Projected Annual Net Income: 138000.00
  • Projected Gross Income: 148000.00
  • Utility Metering: Common Water, Separate Electric, Separate Gas
  • SubdivisionName: Old Town Arvada
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Gas Water Heater, Microwave, Range, Refrigerator
  • Interior Amenities: Stone Counters, Walk-In Closet(s)
  • Flooring: Carpet, Vinyl, Wood
  • Common Walls: 2+ Common Walls
  • Basement: Crawl Space
  • Total Bedrooms: 9

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Roof: Unknown
  • Construction Materials: Frame, Wood Siding
  • Patio and Porch Features: Patio

Garage/Parking

  • Garage Spaces: 4
  • Total Parking Spaces: 4

Utilities

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

Schools

  • School District: Jefferson County R-1
  • Elementary School: Lawrence
  • Middle School: Everitt
  • High School: Arvada
  • Middle Or Junior School: Everitt

Lot Info

  • Out Building Count: 1
  • Parcel Number: 010499
  • Fencing: Full, Partial
  • Out Building Number Of: 4
  • Building Area Total: 3712.00

Multi Family

  • Unit Count: 3

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 3819.00

MLS Schools

  • Elementary School: Lawrence
  • High School: Arvada

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
11/10/2022 11/10/22 Sold $1,740,000 +0.9% $469 / Sq Ft
10/15/2022 10/15/22 Pending -- -- --
10/06/2022 10/06/22 Price Changed $1,725,000 -4.2% $465 / Sq Ft
09/15/2022 09/15/22 Price Changed $1,800,000 -2.7% $485 / Sq Ft
08/29/2022 08/29/22 Price Changed $1,850,000 -2.6% $498 / Sq Ft
08/24/2022 08/24/22 For Sale $1,900,000 -- $512 / 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: 3501309

REcolorado®