Denver, CO 80221,5581 Zuni ST #A
Denver, CO 80221,5581 Zuni ST #A
Denver, CO 80221,5581 Zuni ST #A
Denver, CO 80221,5581 Zuni ST #A
Denver, CO 80221,5581 Zuni ST #A
Denver, CO 80221,5581 Zuni ST #A
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$1,100,000

$995,000

10.6%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

7 Beds

5 Baths

3,042 SqFt


SOLD DATE : 11/08/2021

Key Details

Sold Price $1,100,000

Property Type Multi-Family

Sub Type Quadplex

Listing Status Sold

Purchase Type For Sale

Square Footage 3,042 sqft

Price per Sqft $361

Subdivision Chaffee Park

MLS Listing ID 7774664

Sold Date 11/08/21

Bedrooms 7

HOA Y/N No

Originating Board recolorado

Year Built 1942

Annual Tax Amount $5,541

Tax Year 2019

Property Description

WOW! Turn Key- 5 UNITS - TWO BUILDINGS easy 6.5 cap rate with potential for 10+ cap with Short Term Rentals. These properties aren't available very often. This incredibly clean and updated property consists of 2 structures. DUPLEX AND A TRIPLEX on one lot. The front structure is a legal UP/DOWN DUPLEX built in 1951, separately metered with separate heating systems. Both units are spacious 896 sq. ft. 2 bedroom units. It is currently occupied by the owner but is clean and ready to go to be rented out to 2 separate tenants. There is a shared entrance in the rear of the building leading to a common stairwell and shared laundry room currently used by owner but can be used by all tenants as a common space if new owner chooses and increase rents on the Triplex with On-Site Laundry. The duplex recently has a new roof, new furnace and AC unit for the upper unit. This is an EASY duplex rental or to really crank up the returns Short term rent one of the units or both to get an 10+ cap rate. This property has a Denver Address but is in Adams County and non-owner occupant owners can short term rent properties out unlike most Denver Metro counties. The SECOND structure is a TRIPLEX consisting of 3 1-bedroom units. ALL are metered separately. All have been remodeled recently with a new roof and newer windows. All 3 units are leased and Stable with and a combined gross rent of $3,135. Tenants pay all their own utilities and heat is electric baseboard. All triplex units are super low maintenance with Luxury Vinyl flooring and some carpet. There are so many income options. Lots of owner occupant house hack options or keep it turn key with 5 units. Great Location close to Highlands amenities, restaurants and shops, as well as Regis University. Lots of development happening nearby. Great access to I70, I76 and a quick 20 minute jaunt to Boulder. Possible Residential 1-4 unit Financing with the main house duplex as 1 unit plus the back triplex or keep it as a true 5 unit/bank loan.

Location

State CO

County Adams

Zoning R-2

Rooms

Basement Finished

Interior

Heating Forced Air

Cooling Central Air

Flooring Laminate, Tile, Vinyl, Wood

Fireplace N

Laundry Common Area

Exterior

Exterior Feature Private Yard

Roof Type Architecural Shingle, Membrane

Total Parking Spaces 5

Garage No

Building

Story Multi/Split

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

Level or Stories Multi/Split

Structure Type Frame

Schools

Elementary Schools Hodgkins

Middle Schools Scott Carpenter

High Schools Westminster

School District Westminster Public Schools

Others

Senior Community No

Ownership Individual

Acceptable Financing 1031 Exchange, Cash, Conventional, FHA

Listing Terms 1031 Exchange, Cash, Conventional, FHA

Special Listing Condition None

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REColorado (REColorado MLS)
Listed by Your Castle Real Estate Inc
Bought with Your Castle Real Estate Inc
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+1(303) 858-8100

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8300 East Maplewood Avenue, Suite 100, Village, CO, 80111

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