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Seller's Agent in 2023
Thomas Zintsmaster
HomeSmart Realty
Estimated Value: $613,000 - $635,495
True value-add investment opportunity in Commerce City. Side by Side Ranch Layout. Duplex built in 2009 with NEW Lifetime Roof in 2023 and NEW Exterior Paint in 2021. Each unit has 3 Bedrooms, 2 Full Baths, living room, full kitchen, laundry room and updated vinyl plank flooring. Both homes have a 2 car garage with opener and separate driveways. Both have fully fenced yards and ample parking with full driveways. Easy to rent. Live in one and rent the other (or rent out both sides). Long term Tenants on month-to-month leases.
Market Rent monthly projected of $2,000 with NET Annual Income projected of $42,000. The building and lot have the necessary required frontage and structure to even sell the units separately after applying for separate tax ID numbers in future. Sell individually or hold as-is for long term investment portfolio. Both units are currently leased monthly with GROSS annual income $40,500 and NET annual income of $35,000. Current Monthly leases $1,700 and $1,675. Market Rent monthly projected of $2,000 with NET Annual Income projected of $42,000.
Separate metering for ALL utilities on both units (electric, gas AND water) payed by tenants. Current long term tenants (month-to-month). A perfect portfolio addition!
Last Agent to Sell the Property
Thomas Zintsmaster
HomeSmart Realty License #100045296 Listed on: 09/14/2023
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Sy Henry | $605,000 | Heritage Title | |
| Msi Global Llc | -- | None Available | |
| Zintmaster Julie A | $275,000 | Land Title Guarantee Company |
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Sy Henry | $514,250 | |
| Previous Owner | Zintmaster Julie A | $206,250 |
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/16/2023 10/16/23 | Sold | $605,000 | +1.0% | $281 / Sq Ft |
| 09/14/2023 09/14/23 | For Sale | $599,000 | -- | $278 / 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 | $4,107 | $38,750 | $1,950 | $36,800 |
| 2023 | $3,613 | $45,250 | $2,110 | $43,140 |
| 2022 | $2,877 | $32,010 | $2,130 | $29,880 |
| 2021 | $2,982 | $32,010 | $2,130 | $29,880 |
| 2020 | $2,737 | $30,380 | $2,230 | $28,150 |
| 2019 | $2,731 | $30,380 | $2,230 | $28,150 |
| 2018 | $1,940 | $21,020 | $2,250 | $18,770 |
| 2017 | $1,843 | $21,020 | $2,250 | $18,770 |
| 2016 | $1,756 | $19,380 | $2,490 | $16,890 |
| 2015 | $1,792 | $19,380 | $2,490 | $16,890 |
| 2014 | $1,533 | $16,530 | $2,490 | $14,040 |
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Seller's Agent in 2023
Thomas Zintsmaster
HomeSmart Realty
Buyer's Agent in 2023
Joshua Brown
Epique Realty
(970) 261-2488
1 in this area
15 Total Sales
Source: REcolorado®
MLS Number: 3115465
APN: 1823-05-3-17-024