$901,777
Sold

4306 W 78th Avenue

Westminster, CO 80030
3300 sqft | 8 beds | 0.22 acres | #1718679
Listing OfficeGroup Horsetooth
Browse 40 photos
Type:Multi-Family
Structure:Duplex/Multi-Unit
Zone:Residential

Description

Don't miss this opportunity to own a turnkey income-producing property in an established Westminster neighborhood. Both units are rented and have tenants who've stayed for multiple years. Floor plans are mostly the same with the main floor of each having a living room, kitchen, 2 bedrooms, and a full bath. The basement of Unit #4306 is fully finished with a family room, 2 non-conforming beds (need Egress windows), a 3/4 bath, and a laundry/utility room. The basement of Unit #4308 is fully finished too with a family room, 2 non-conforming beds, a full bath, and a laundry/utility room. Both units have separate exterior entrances to the basements so may be possible to modify for more units (buyer to research post closing) or leave them as-is and rent them as 4 beds, 2 bath each. Many improvements and updates have been made including a newer roof; newer furnaces; newer AC units; newer electrical panels; updated baths; new electrical switches and outlets; new refrigerators in both plus a new stove in Unit #4308, new retaining wall in 2021, more! Each unit also has it's own 8'x16' shed for storage and a 5'x8' shed for owner to store items has the sprinkler clock! Unit #4306 is leased until 05/31/2022 for $2200/month. Unit #4308 is leased through 08/31/2022 for $2350/month. The building has one water meter so landlord pays, divides the bill by 3, and each tenant adds their 1/3 to monthly rent due. Currently has 4 off-street parking spots but if the hedge were removed it could be lengthened and expanded. Sunset Park is across the street for the kiddos and kids at heart! Unit 4308 has a large covered patio with wonderful mountain views! Agent-owned and subject to 1031 Exchange Rules. NO SHOWINGS until accepted contract -- do NOT bother tenants please! Full photo load, 3-D tour, and Video Tour will be installed on Sat., 4/2. Call listor with any questions!

Location

CHERRY POINT PROPERTIESReal Estate Professional – Serving the Denver area for the Past 25 years