$895,000
SOLD OCT 22, 2024
5 Beds
4 Baths
2,465 Sq Ft
0.31 Acres

Recently Sold

$363 Per Sq Ft

3% Below List Price

111 Days on Market

Highlights

  • Open Floorplan
  • Property is near public transit
  • Quartz Countertops
  • Drake Junior High School Rated A-
  • Corner Lot
  • Private Yard

About This Home

As of October 2024

Investment opportunity, recently renovated duplex???an enticing addition to any investment portfolio. Boasting a comprehensive refurbishment, including new floors, paint, kitchens, and baths, this property promises a hassle-free ownership experience with minimal maintenance requirements.

The larger unit at 5045 Swadley is 1,474 square feet of prime rental space or as the owners quarters (current lease ends 7/31/2024), comprising 3 bedrooms and 2 baths. 5055 Swadley offers 991 square feet, accommodating 2 bedrooms and 1 bath. Both units are tailored for tenant satisfaction, featuring individual washer/dryer units, 1-car garages, and expansive private backyards.

Boasting zero vacancies since ownership and consistent rent increases, this property has consistently ranked within the top 75% of rental comps???a testament to its enduring appeal and solid investment potential.

Ideal for savvy buyers seeking both a residence and a revenue stream, live in one side and rent out the other. This property presents an opportunity for owner-occupied financing. Imagine owning a home that not only meets your family's needs but also includes an additional unit for supplementary income and enhanced qualification for your mortgage.

Positioned strategically between Golden, Wheat Ridge, and Arvada, these units cater to a thriving rental market, ensuring steady occupancy and lucrative rental income. This locations gives tenant and/or owner occupants the advantage of an amazing school district, Jefferson County School District.

Seize the opportunity to diversify your portfolio with this turnkey investment property. .

Last Agent to Sell the Property

Danielle Wolff-Zimmerman

Fort + Hom, LLC Brokerage Email: danielle@fortandhome.com,303-815-7896 License #100056211

Co-Listed By

Paige Wolff

Wanderflower & Company Brokerage Email: danielle@fortandhome.com,303-815-7896 License #100081224

Last Buyer's Agent

Jeremy Kane

eXp Realty, LLC License #100044637

eXp Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,967

Year Built

  • Built in 1977 | Remodeled

Lot Details

  • 0.31 Acre Lot
  • 1 Common Wall
  • Property is Fully Fenced
  • Corner Lot
  • Private Yard

Parking

  • 2 Car Attached Garage

Home Design

  • Duplex
  • Brick Exterior Construction
  • Frame Construction
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,465 Sq Ft Home
  • Multi-Level Property
  • Open Floorplan
  • Ceiling Fan
  • Laundry in unit
  • Finished Basement

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Quartz Countertops
  • Disposal

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Patio
  • Rain Gutters

Location

  • Property is near public transit

Schools

  • Vanderhoof Elementary School
  • Drake Middle School
  • Arvada West High School

Utilities

  • Evaporated cooling system
  • Forced Air Heating System
  • Baseboard Heating
  • Gas Water Heater

Listing and Financial Details

  • Exclusions: Tenant's personal property including the washer and dryer in each unit.
  • Property held in a trust
  • Tenant pays for cable TV, electricity, gas, internet, trash collection
  • The owner pays for exterior maintenance, grounds care, insurance, taxes, water
  • Assessor Parcel Number 513925

Community Details

Overview

  • No Home Owners Association
  • Vista Ridge Subdivision

Building Details

  • Operating Expense $19,376

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,967

Year Built

Built in 1977 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Structure Type: Duplex
  • Levels: Multi/Split
  • Year Built: 1977
  • Above Grade Finished Sq Ft: 2465
  • Exclusions: Tenant's personal property including the washer and dryer in each unit.
  • Living Area: 2465
  • Property Condition: Updated/Remodeled
  • SubdivisionName: Vista Ridge
  • Co List Office Mls Id: RECM4158
  • Co List Office Phone: 303-502-6206
  • Ownership: Corporation/Trust
  • Property Attached Yn: Yes
  • ResoBuildingAreaSource: Appraiser
  • REC_RVSpaces: 0
  • Ratio Close Price By Original Li: 0.96757
  • Attribution Contact: danielle@fortandhome.com,303-815-7896
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Gas Water Heater, Microwave, Oven, Range, Refrigerator
  • Interior Amenities: Ceiling Fan(s), Open Floorplan, Quartz Counters
  • Flooring: Tile, Vinyl
  • Common Walls: 1 Common Wall
  • Basement: Finished
  • Basement: No
  • Total Bedrooms: 5

Exterior Features

  • Roof: Composition
  • Construction Materials: Brick, Frame, Wood Siding
  • Exterior Features: Private Yard, Rain Gutters
  • Patio and Porch Features: Patio

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2
  • Total Parking Spaces: 2
  • REC_ParkingCount: 2
  • Unit Numberof Parking Per Unit: 2
  • Unit Numberof Parking Per Unit: 2

Utilities

  • Sewer: Public Sewer
  • Cooling: Evaporative Cooling
  • Heating: Baseboard, Forced Air
  • Water Source: Public
  • Laundry Features: In Unit

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Association/Amenities

  • REC_AssociationFee2Annual: 0.00
  • REC_AssociationFee3Annual: 0.00
  • REC_AssociationFeeAnnual: 0.00
  • REC_AssociationFeeTotalAnnual: 0.00
  • REC_MultipleAssociationsYN: 0

Fee Information

  • Operating Expense: 19376

Schools

  • Middle Or Junior School: Drake

Lot Info

  • Parcel Number: 513925
  • Lot Size Acres: 0.31
  • Fencing: Full
  • Building Area Total: 2465
  • Lot Features: Corner Lot, Near Public Transit
  • Lot Size Sq Ft: 13503.6
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Exterior Maintenance, Grounds Care, Insurance, Taxes, Water
  • Tenant Pays: Cable TV, Electricity, Gas, Internet, Trash Collection

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 3967

MLS Schools

  • Elementary School: Vanderhoof
  • High School: Arvada West

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/22/2024 10/22/24 Sold $895,000 -1.6% $363 / Sq Ft
07/11/2024 07/11/24 Price Changed $910,000 -1.6% $369 / Sq Ft
05/09/2024 05/09/24 For Sale $925,000 0.0% $375 / Sq Ft
08/09/2022 08/09/22 Rented $2,900 0.0% --
07/02/2022 07/02/22 For Rent $2,900 -- --
Source: REcolorado®

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,552 $38,677 $20,745 $17,932
2023 $3,552 $38,677 $20,745 $17,932
2022 $3,234 $34,866 $16,864 $18,002
2021 $7,260 $36,661 $17,733 $18,928
2020 $3,095 $29,027 $11,824 $17,203
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $626,500 New Conventional
Previous Owner $574,604 Construction
Previous Owner $100,000 Unknown
Source: Public Records

Deed History

Date Type Sale Price Title Company
Quit Claim Deed -- None Listed On Document
Quit Claim Deed -- None Listed On Document
Warranty Deed $895,000 Htc
Warranty Deed $551,000 Homestead Title & Escrow
Warranty Deed $27,930 None Available
Interfamily Deed Transfer -- --
Source: Public Records

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Source: REcolorado®

MLS Number: 9905044

REcolorado®

APN: 39-174-03-019