Federal Heights, CO 80260,2961 W 91st PL
Federal Heights, CO 80260,2961 W 91st PL
Federal Heights, CO 80260,2961 W 91st PL
Federal Heights, CO 80260,2961 W 91st PL
Federal Heights, CO 80260,2961 W 91st PL
Federal Heights, CO 80260,2961 W 91st PL
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$750,000

$750,000

Est.Price: ?

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Est. payment /mo

SOLD DATE : 03/04/2024

Key Details

Sold Price $750,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 9478340

Sold Date 03/04/24

HOA Y/N No

Originating Board recolorado

Year Built 1967

Annual Tax Amount $4,639

Tax Year 2023

Property Description

7 well-designed studio apartments, each spanning approximately 350 SF.
Complete with full kitchens and bathrooms for tenant convenience.
Situated on a generous 12,000 SF lot, offering ample room for tenants.
Includes 13+ off-street parking spaces, ensuring hassle-free parking.
Income producing storage shed on the East end of the property.
Within a mere 2-minute walk to the 92nd and Federal bus stop, providing excellent transportation options.
Quick access to a multitude of employers along the Federal thoroughfare, enhancing tenant convenience.
Value-add program includes an operational overhaul with professional third-party management.
Unit renovations and exterior overhaul, including fresh paint and landscaping enhancements have been completed.
Mastered meter for gas and electric, allowing for efficient utility billbacks.
Well-maintained boiler system in excellent condition.
GE electrical panels without any issues.
Good condition roof and newer double-paned vinyl windows.
Property is in excellent condition, allowing for a plug and play cash flowing asset.
In place (NOI) of approximately $51,509 per year, accounting for a 5% vacancy and $4,937 per unit in expenses.
Favorable financing available with lender quotes available on request
Cheap and smooth transactional costs with ILC, appraisal and clear title already on file.

Location

State CO

County Adams

Zoning C1

Interior

Fireplace N

Exterior

Total Parking Spaces 13

Garage No

Building

Sewer Public Sewer

Water Public

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

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REColorado (REColorado MLS)
Listed by Capstone Apartment Partners, LLC • ariddle@capstone-companies.com
Bought with RE/MAX Leaders

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Matt Thomas

Consultant | Broker Associate | FA100030130

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