Best ROI in Commerce City & Front Range! Extremely RARE find! 7.5 CAP rate for two houses!!! This remodeled property is an amazing opportunity with two SEPARATE houses on a single LARGE lot. 3 bedroom/1 bath rear house and 2 bedroom/1 bath front house with washers and dryers in both units. The houses are fully RENTED on 1-year leases and tenants intend to extend! Rents are $3,270 per month ($1745- rear home and $1525- front home). Renters feel like they have their very own home & rents reflect that value. The front house has a fenced-in yard. There is a large off-street parking area between the two properties; keeping cars off the street, enhancing security, and increasing curb appeal. Two detached storage units provide useful square footage for tenants extra belonging as well. These homes are walking distance to schools, restaurants, and Pioneer Park with batting cages, a skate park, Paradice Island Pool and recreation fields. They are also just minutes from Dicks Sporting Good Sports Complex and Praire Gateway Open Space. Separate metering for all utilities on both units. Tenants pay ALL utilities except H2O so the owner has extremely low operating costs. With full remodel & low long term maintenance costs your cash flow & ownership calculations are a synch! Begin earning your 7.5 CAP rate NOW!!! Stop waiting & get this one into your investment portfolio before someone beats you to it!
This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.
