NOT LISTED FOR SALE

Estimated Value: $861,000 - $1,050,000

6 Beds
4 Baths
2,926 Sq Ft
$326/Sq Ft Est. Value

Last Sold June 19, 2023

Last sale price $1,015,000 $347 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $5,490/month

29 Days on Market

Highlights

  • No HOA
  • 4 Car Attached Garage
  • Baseboard Heating
  • Goddard Middle School Rated A
  • Patio
  • 4-minute walk to Progress Park

About This Home

As of June 2023

The multifamily investment property at 832 W Prentice Ave in Littleton, Colorado offers an outstanding opportunity for investors. This beautiful property features modern, open-layout units with high-end finishes, including hardwood floors, new stainless-steel appliances, and new high-efficiency swamp coolers. The property’s units are designed to feel like single-family homes, providing tenants with the perfect blend of privacy and community.

Located just one mile from Downtown Littleton, this property is in a prime location with easy access to three major parks and trails connecting to the Cherry Creek Trail. Tenants will appreciate the property’s proximity to popular retail destinations, including shopping centers, restaurants, and entertainment venues.

The property boasts an impressive going-in cap rate of over 6% for 2005 construction, providing a great return on investment. Additionally, investors have the option to Airbnb the units to increase their income further.

Overall, 832 W Prentice Ave is an exceptional multifamily investment property with a desirable
location, modern finishes, and impressive income potential. It presents an excellent opportunity
for investors looking to enter the Littleton market.

Last Agent to Sell the Property

Kevin Woolsey

MMGREA LLC License #100079114 Listed on: 05/10/2023

Last Buyer's Agent

Greg Drake

Realty Professionals LLC License #40036249

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,866

Year Built

  • Built in 2005

Lot Details

  • 9,496 Sq Ft Lot
  • Two or More Common Walls
  • Level Lot

Parking

  • 4 Car Attached Garage
  • 1 RV Parking Space

Home Design

  • Triplex
  • Architectural Shingle Roof
  • Stucco

Interior Spaces

  • 2,926 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Patio

Schools

  • Field Elementary School
  • Goddard Middle School
  • Littleton High School

Utilities

  • Evaporated cooling system
  • Baseboard Heating
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Exclusions: Any and all personal property owned by tenants.
  • Assessor Parcel Number 032046091

Community Details

Overview

  • No Home Owners Association
  • Lininger Sun 2Nd Flg Subdivision

Building Details

  • Operating Expense $13,320

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,866

Year Built

Built in 2005

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Triplex
  • Structure Type: Triplex
  • Levels: Two
  • Year Built: 2005
  • Above Grade Finished Sq Ft: 2926
  • Exclusions: Any and all personal property owned by tenants.
  • Living Area: 2926
  • SubdivisionName: Lininger Sun 2nd Flg
  • Ownership: Individual
  • REC_RVSpaces: 1
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls
  • Basement: No
  • Total Bedrooms: 6

Exterior Features

  • Roof: Architecural Shingle, Other
  • Construction Materials: Stucco
  • Patio and Porch Features: Patio

Garage/Parking

  • Parking Features: Concrete
  • Attached Garage: Yes
  • Garage Spaces: 4
  • Total Parking Spaces: 5
  • REC_ParkingCount: 2

Utilities

  • Sewer: Public Sewer
  • Cooling: Evaporative Cooling
  • Heating: Baseboard, Natural Gas

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Association/Amenities

  • REC_AssociationFee2Annual: 0.00
  • REC_AssociationFee3Annual: 0.00
  • REC_AssociationFeeAnnual: 0.00
  • REC_AssociationFeeTotalAnnual: 0.00

Fee Information

  • Operating Expense: 13320

Schools

  • Middle Or Junior School: Goddard

Lot Info

  • Parcel Number: 032046091
  • Lot Size Acres: 0.22
  • Building Area Total: 3724
  • Lot Features: Level
  • Lot Size Sq Ft: 9496
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 3866

MLS Schools

  • Elementary School: Field
  • High School: Littleton

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 10, 2023
Closed on
Jun 19, 2023
Sold by
Bagby Zachary
Bought by
Wright Michael J and Malley Maria Susan
Seller's Agent
Kevin Woolsey
MMGREA LLC
Buyer's Agent
Greg Drake
Realty Professionals LLC
List Price
$1,130,000
Sold Price
$1,015,000
Premium/Discount to List
-$115,000
-10.18%
Views
88
Current Estimated Value
$954,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$60,667
Avg. Annual Appreciation
-3.45%

Purchase Details

Closed on
Feb 25, 2021
Sold by
Mcgrann James P and Brooks Michael E
Bought by
Bagby Zachary and Bagby Brittanie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$756,053
Interest Rate
2.7%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 5, 2009
Sold by
Mcgrann James P
Bought by
Mcgrann James P and Brooks Michael E

Purchase Details

Closed on
Oct 30, 2008
Sold by
Brooks Michael E
Bought by
Mcgrann James P

Purchase Details

Closed on
Mar 31, 1999
Sold by
Norton Charles W
Bought by
Brooks Michael E and Mcgrann James P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
6.89%

Purchase Details

Closed on
Jul 4, 1776
Bought by
Conversion Arapco
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Wright Michael J $1,015,000 None Listed On Document
Bagby Zachary $770,000 Land Title Guarantee Company
Mcgrann James P -- None Available
Mcgrann James P -- None Available
Brooks Michael E $80,000 --
Conversion Arapco -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bagby Zachary $756,053
Previous Owner Brooks Michael E $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/19/2023 06/19/23 Sold $1,015,000 -3.3% $347 / Sq Ft
06/08/2023 06/08/23 Pending -- -- --
05/30/2023 05/30/23 Price Changed $1,050,000 -7.1% $359 / Sq Ft
05/10/2023 05/10/23 For Sale $1,130,000 -- $386 / 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 $5,157 $53,935 -- --
2023 $5,157 $53,935 $0 $0
2022 $3,866 $38,080 $0 $0
2021 $3,589 $38,080 $0 $0
2020 $2,307 $27,027 $0 $0
2019 $2,171 $27,027 $0 $0
2018 $2,714 $34,762 $0 $0
2017 $2,515 $34,762 $0 $0
2016 $3,067 $36,513 $0 $0
2015 $3,075 $36,513 $0 $0
2014 -- $28,704 $0 $0
2013 -- $32,070 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REcolorado®

MLS Number: 7581964

REcolorado®

APN: 2077-16-1-09-007