4337 Cook Street

    Denver, CO 80216
    • $509,000
    • STATUS: Sold
    • ON SITE: 89 days
    • ID#: 2957725
    Sold - 08/21/2019
    $509,000
    SOLD - 08/21/2019
    • 8
      BEDS
    • 0.14
      ACRES
    • 4
      BATHS
    • 0
      1/2 BATHS
    • 2,706
      SQFT
    • $188
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1999
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Offered by Your Castle Real Estate Inc.

    Description

    Great Investment Opportunity with Proven ROI and High Cash Flow! Property has been fully remodeled and is rent-ready with finishes chosen for long wear and low maintenance, including all new wood-look vinyl plank flooring throughout, new scratch-resistant melamine kitchen cabinets, new countertops and appliances. Updated baths with new vanities and tops. New Roof in 2018! Units have separate meters for gas and electric; water is paid by landlord. This property has a history of quick lease-up of long-term tenants. Prior years cap rate was 7.4%, with cash flow of $35,916. With the property remodeled and based on current rental comps, projected cap rate is 8.36% with cash flow of $40,524. With these returns, this property can afford a professional property manager. Perfect for the seasoned or neophyte investor, or ideal for an owner-occupant to live in one unit and rent out the other for significant income.

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    Licensed in the State of Colorado, USA

    The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (IDX) program of METROLIST, INC., DBA RECOLORADO®. Real estate listings held by brokers other than The DeGrood Team | Brokers Guild are marked with the IDX Logo. This information is being provided for the consumers’ personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

    1. This publication is designed to provide information regarding the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

    2. The information contained in this publication is subject to change without notice. METROLIST, INC., DBA RECOLORADO MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC., DBA RECOLORADO SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

    3. PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.

    4. METROLIST, INC., DBA RECOLORADO will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.

    5. ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. The information contained herein including but not limited to all text, photographs, digital images, virtual tours, may be seeded and monitored for protection and tracking.

    © 2019 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved 6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA

    www.degroodteam.com/homes/97048197

    4337 Cook Street Denver, CO 80216

    • Price: $485,000
    • Status: Sold
    • Updated: 183 min ago
    • ID#: 2957725
    8
    Beds
    4
    Baths
    0
    ½ Baths
    0.14
    Acres
    2,706
    SQFT
    $188
    $/SQFT
    1999
    Built
    Neighborhood:
    Swansea (S)-0225
    County:
    Denver
    Area:
    Denver
    Elementary School:
    Harrington
    Middle School:
    Dsst: Cole
    High School:
    Manual
    School District:
    Denver 1
    Property Description
    Great Investment Opportunity with Proven ROI and High Cash Flow! Property has been fully remodeled and is rent-ready with finishes chosen for long wear and low maintenance, including all new wood-look vinyl plank flooring throughout, new scratch-resistant melamine kitchen cabinets, new countertops and appliances. Updated baths with new vanities and tops. New Roof in 2018! Units have separate meters for gas and electric; water is paid by landlord. This property has a history of quick lease-up of long-term tenants. Prior years cap rate was 7.4%, with cash flow of $35,916. With the property remodeled and based on current rental comps, projected cap rate is 8.36% with cash flow of $40,524. With these returns, this property can afford a professional property manager. Perfect for the seasoned or neophyte investor, or ideal for an owner-occupant to live in one unit and rent out the other for significant income.
    Exterior Features

    Architectural Style Traditional Construction Materials Wood Siding Construction Methods Frame Distance To Bus 0.40 Exterior Features Sprinkler SystemYard Parking Carport (Attached) (2 Spaces) Parking Total Searchable 4 Road Surface Paved Road Roof Composition Shingles Structural Style Multi-Story Style Characteristics Up/Down Unit Access Exterior Access

    Interior Features

    Basement Size None Cooling Evaporative Cooler (Swamp) Flooring CarpetTile FloorPlank Vinyl Heating Forced Air Heating Fuel Gas Interior Features Cable AvailableDouble Pane WindowsEating Space / KitchenMaster SuitePet FreeRemodeledSmoke Free Kitchen Appliances DisposalRange HoodRefrigerator (Kitchen)Smoke AlarmStove/Range/Oven Laundry Availability W/D Hookups in Unit Laundry Location Every Floor Other HVAC Electric Water Heater Sq Ft Above 2706 Sq Ft Basement 0 Sq Ft Finished 2706

    Property Features

    Additional Information 1031 ExchangeAgent OwnerIncome History AvailableIncome PotentialQuick Move-InQuick Possession Annual Expense Actual 4713 Annual Expense Proj 4713 Annual Income Actual 40680 Annual Income Proj 45480 Annual Net Income Actual 35967 Annual Net Income Proj 40767 Association Fee Annual 0 Building Area Source County Records Building Type Duplex (All Units) Capitalization Rate 7.40 Capitalization Rate Calculation (40680-4713=35967/485000) Actual Contingent Approval Conditions None Known Has Hoa YN No Listing Financing CashConventionalExchangeFhaVa Number Of Units Vacant 2 Owner Paid Utilities InsuranceMaintenanceProperty TaxWater Potential Rental Income Annual 45480 Real Estate Taxes 2166 Seller Type Corporation/Trust Site Type Live/Work (Mixed Use) Status Conditions None Known Tax Amount 2166.00 Tax Year 2018 Transaction Type For Sale Unit Count 2 Water Annual Expense 1507 Zoning E-Tu-B

    Listing courtesy of Your Castle Real Estate Inc: MLS #2957725


    Licensed in the State of Colorado, USA

    The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (IDX) program of METROLIST, INC., DBA RECOLORADO®. Real estate listings held by brokers other than The DeGrood Team | Brokers Guild are marked with the IDX Logo. This information is being provided for the consumers’ personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

    1. This publication is designed to provide information regarding the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

    2. The information contained in this publication is subject to change without notice. METROLIST, INC., DBA RECOLORADO MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC., DBA RECOLORADO SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

    3. PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.

    4. METROLIST, INC., DBA RECOLORADO will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.

    5. ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. The information contained herein including but not limited to all text, photographs, digital images, virtual tours, may be seeded and monitored for protection and tracking.

    © 2019 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved 6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA

     
    The DeGrood Team | Brokers Guild
    7995 E Hampden Ave, Suite 100
    Denver CO, 80231
    Offered by Your Castle Real Estate Inc.