Seller's Agent in 2023
Kevin Woolsey
MMGREA LLC
(303) 990-4361
1 in this area
23 Total Sales
Estimated Value: $713,449 - $768,000
9640-9642 W 23rd Ave is an attractive duplex nestled in the Morse Park Neighborhood, a peaceful Lakewood haven. This income property is an ideal location just minutes from Crown Hill Park, with nearby Colfax Ave retail & restaurants, all while being in perfect proximity to Denver’s major arterial highways (6th, I-70, and I-25). With an expansive 6 bedrooms and 2 baths in one of the units, the property is currently under-rented. Investors also have the ability to add value by lightly renovating the units to increase revenue. Tenants are currently on month-month leases.
INVESTMENT SUMMARY
Price: $865,000
Total Units: 2
Price/Unit: $432,500
Current Cap Rate: 5.76%
Market Proforma Cap Rate: 8.05%
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 9640-42 W 23Th Ave Llc | -- | None Available |
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/24/2023 05/24/23 | Sold | $835,000 | -3.5% | $307 / Sq Ft |
| 04/07/2023 04/07/23 | Pending | -- | -- | -- |
| 03/27/2023 03/27/23 | For Sale | $865,000 | -- | $318 / 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 | $3,844 | $40,101 | $15,616 | $24,485 |
| 2023 | $3,844 | $40,101 | $15,616 | $24,485 |
| 2022 | $3,416 | $34,657 | $13,922 | $20,735 |
| 2021 | $3,521 | $36,440 | $14,638 | $21,802 |
| 2020 | $3,293 | $34,085 | $12,977 | $21,108 |
| 2019 | $3,251 | $34,085 | $12,977 | $21,108 |
| 2018 | $3,065 | $31,321 | $8,919 | $22,402 |
| 2017 | $2,758 | $31,321 | $8,919 | $22,402 |
| 2016 | $2,267 | $24,225 | $6,657 | $17,568 |
| 2015 | $1,915 | $24,225 | $6,657 | $17,568 |
| 2014 | $1,915 | $18,642 | $5,731 | $12,911 |
Seller's Agent in 2023
Kevin Woolsey
MMGREA LLC
(303) 990-4361
1 in this area
23 Total Sales
Seller Co-Listing Agent in 2023
Andrew Vollert
Kaufman Hagan
(650) 740-9570
1 in this area
6 Total Sales
D
Buyer's Agent in 2023
David Geppert
Keller Williams Preferred Realty
(303) 452-3300
1 in this area
62 Total Sales
Source: REcolorado®
MLS Number: 5030206
APN: 39-342-03-059