5856 Newport Street

    Commerce City, CO 80022
    • $444,500
    • STATUS: Active
    • ON SITE: 30 days
    • ID#: 2608622
    Price Reduced
    UPDATED: 9 min ago
    $444,500
    • 5
      BEDS
    • 0.33
      ACRES
    • 2
      BATHS
    • 0
      1/2 BATHS
    • 1,870
      SQFT
    • $238
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1932
    County:

    School Information

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

    Description

    Extremely RARE find! 7.5 CAP rate duplex!!! Remodeled amazing property with two SEPARATE houses on a single LARGE lot. 3 bedroom/1 bath & 2 bedroom/1 bath units with washers and dryers. Both houses RENTED on 1 year leases and tenants intend to extend! Rents are $3,270 per month ($1745- back unit and $1525- front unit). Best ROI in Commerce City & Front Range!! Renters feel like they have their very own home & rents reflect the value. Front unit has fenced in yard. Plenty of off-street parking increases curb appeal and security. Two detached storage units increase useful square footage for tenants as well. Separate metering for all utilities on both units. Tenants pay ALL utilities except H2O so super low operating costs. With full remodel & low long term maintenance costs your cash flow & ownership calcs are a synch! Come get your high CAP rate NOW!!! Stop waiting & get this one into your investment portfolio before someone beats you to it!

    Monthly Payment Calculator



    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/98209836

    5856 Newport Street Commerce City, CO 80022

    • Price: $444,500
    • Status: Active
    • Updated: 9 min ago
    • ID#: 2608622
    5
    Beds
    2
    Baths
    0
    ½ Baths
    0.33
    Acres
    1,870
    SQFT
    $238
    $/SQFT
    1932
    Built
    Neighborhood:
    Monac Park
    County:
    Adams
    Area:
    Commerce City
    Elementary School:
    Rose Hill
    Middle School:
    Kearney
    High School:
    Adams City
    School District:
    Adams 14
    Property Description
    Extremely RARE find! 7.5 CAP rate duplex!!! Remodeled amazing property with two SEPARATE houses on a single LARGE lot. 3 bedroom/1 bath & 2 bedroom/1 bath units with washers and dryers. Both houses RENTED on 1 year leases and tenants intend to extend! Rents are $3,270 per month ($1745- back unit and $1525- front unit). Best ROI in Commerce City & Front Range!! Renters feel like they have their very own home & rents reflect the value. Front unit has fenced in yard. Plenty of off-street parking increases curb appeal and security. Two detached storage units increase useful square footage for tenants as well. Separate metering for all utilities on both units. Tenants pay ALL utilities except H2O so super low operating costs. With full remodel & low long term maintenance costs your cash flow & ownership calcs are a synch! Come get your high CAP rate NOW!!! Stop waiting & get this one into your investment portfolio before someone beats you to it!
    Exterior Features

    Architectural Style Traditional Construction Materials Wood Siding Construction Methods Frame Parking Off-Street (8 Spaces) Parking Total Searchable 8 Roof Composition Shingles Storage Units Number Of 3 Structural Style Ranch/1 Story

    Interior Features

    Basement Floor Type Structural Basement Size None Cooling None Flooring Carpet Heating Forced Air Heating Fuel Gas Kitchen Appliances DishwasherDisposalRange HoodRefrigerator (Kitchen)Smoke AlarmStove/Range/Oven Laundry Availability W/D Hookups in Unit Sq Ft Above 1870 Sq Ft Finished 1870

    Property Features

    Additional Information Income PotentialTenant Occupied Annual Expense Actual 5660 Annual Expense Proj 5600 Annual Income Actual 39240 Annual Income Proj 39900 Annual Net Income Actual 33580 Annual Net Income Proj 34300 Building Type Other Capitalization Rate 7.50 Has Hoa YN No Listing Financing CashConventionalFhaVa Owner Paid Utilities Water Potential Rental Income Annual 39900 Real Estate Taxes 2261 Seller Type Corporation/Trust Status Conditions None Known Tax Amount 2261.00 Tax Year 2018 Transaction Type For Sale Unit Count 2 Water Annual Expense 1800 Zoning Sfr

    Listing courtesy of Your Castle Real Estate Inc: MLS #2608622


    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.