$1,198,000

Estimated payment $7,037/month

Total Views 1,196
8 Beds
4 Baths
3,638 Sq Ft
$329 Price per Sq Ft

Highlights

  • 0.45 Acre Lot
  • No HOA
  • 1-Story Property
  • Quartz Countertops
  • Tile Flooring
  • Ceiling Fan

About This Home

Remodeled 4-Unit Investment with Development Upside | Strong Cash Flow + Value-Add Potential
This is a rare opportunity to acquire two fully separate duplexes with huge detached garage on a combined double lot in under-the-radar, high-demand Commerce City. Offering immediate income, long-term upside, and flexible development potential. Three units renovated and value-add renovation potential on fourth unit. All units fully leased and stable. Individually metered, all with laundry hookups.

__Strong Financials & Cash Flow__
• Offered as-is at a 6.5% cap rate, with pro forma projections almost 7.2% cap (includes vacancy and mgmt allowances)
• Pro forma Total Returns achieving 9.5% based on typical investment loan terms (detailed pro forma available)
• All units currently filled, rented below market, providing immediate upside through rent adjustments
• Four detached storage units on-site offer additional income potential
• Stable rent history with consistent increases over time

__Development Potential on Nearly Half an Acre__
• Zoned R-3 with lot size of .4545 acres
• Each building has separate sewer mains, providing critical infrastructure for future development
• Expansive side yards and an enormous unused rear lot open the door for increased density or phased development
• Ideal for investors to rent one building while developing the other, leveraging existing cash flow to fund expansion
• Perfect for a buy-and-hold strategy, combining immediate income stability with appreciation potential

__Low-Maintenance Asset with Curb Appeal__
• Durable stucco exteriors, quality roof, and xeriscaped front yard reduce operating costs
• Tenant-maintained backyard minimizes owner responsibilities
• Full front privacy fence enhances aesthetics and tenant satisfaction
• Clean and easy to lease, low maintenance tenants

Agent has interest

Listing Agent

Nathaniel Weidner

Premier Agent Network Colorado LLC Brokerage Email: weidner.nw@gmail.com,303-968-4354 License #100108100

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,367

Year Built

  • Built in 1976 | Remodeled

Lot Details

  • 0.45 Acre Lot
  • 1 Common Wall
  • Northwest Facing Home
  • Property is Fully Fenced

Home Design

  • Quadruplex
  • Slab Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 3,638 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan

Kitchen

  • Oven
  • Range
  • Dishwasher
  • Quartz Countertops
  • Disposal

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry in unit
  • Washer

Parking

  • 4 Parking Spaces
  • 4 Carport Spaces
  • Gravel Driveway

Schools

  • Dupont Elementary School
  • Adams City Middle School
  • Adams City High School

Utilities

  • Evaporated cooling system
  • Mini Split Air Conditioners
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • High Speed Internet

Listing and Financial Details

  • Exclusions: Tenants personal property
  • The owner pays for insurance, taxes, trash collection, water
  • Assessor Parcel Number 0172132212034

Community Details

Overview

  • No Home Owners Association
  • Peak Investments Subdivision

Building Details

  • Operating Expense $14,567

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,367

Year Built

Built in 1976 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadplex
  • Structure Type: Quadruplex
  • Levels: One
  • Year Built: 1976
  • Above Grade Finished Sq Ft: 3638
  • Exclusions: Tenants personal property
  • Living Area: 3638
  • Property Condition: Updated/Remodeled
  • SubdivisionName: Peak Investments
  • Ownership: Agent Owner
  • Property Attached Yn: Yes
  • REC_RVSpaces: 0
  • Attribution Contact: weidner.nw@gmail.com,303-968-4354
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Gas Water Heater, Oven, Range, Refrigerator, Washer
  • Interior Amenities: Ceiling Fan(s), High Speed Internet, Quartz Counters
  • Flooring: Tile, Vinyl
  • Common Walls: 1 Common Wall
  • Basement: No
  • Total Bedrooms: 8

Exterior Features

  • Direction Faces: Northwest
  • Foundation Details: Slab
  • Roof: Composition
  • Construction Materials: Stucco

Garage/Parking

  • Parking Features: Driveway-Gravel
  • Attached Garage: No
  • Carport Spaces: 4
  • Total Parking Spaces: 4
  • REC_ParkingCount: 1
  • Unit Numberof Parking Per Unit: 2

Utilities

  • Sewer: Public Sewer
  • Cooling: Air Conditioning-Room, Evaporative Cooling
  • Heating: Natural Gas
  • 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

Fee Information

  • Operating Expense: 14567

Schools

  • Middle Or Junior School: Adams City

Lot Info

  • Parcel Number: 0172132212034
  • Lot Size Acres: 0.45
  • Fencing: Full
  • Building Area Total: 3638
  • Lot Size Sq Ft: 19602
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Insurance, Taxes, Trash Collection, Water
  • Tenant Pays: Electricity, Gas, Internet

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 4367

MLS Schools

  • Elementary School: Dupont
  • High School: Adams City

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

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 $3,834 $36,630 -- $36,630
2023 $3,834 $39,640 -- $39,640
2022 $2,894 $24,100 $0 $24,100
2021 $3,096 $24,100 $0 $24,100
2020 $4,730 $53,260 $9,720 $43,540
2019 $4,623 $53,260 $9,720 $43,540
2018 $2,773 $31,150 $8,930 $22,220
2017 $2,633 $31,150 $8,930 $22,220
2016 $2,267 $25,910 $5,730 $20,180
2015 $2,310 $25,910 $5,730 $20,180
2014 -- $23,410 $5,730 $17,680
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/09/2025 04/09/25 For Sale $1,198,000 -- $329 / Sq Ft
Source: REcolorado®

Deed History

Date Type Sale Price Title Company
Special Warranty Deed -- Rosenberg Lpa Llc
Quit Claim Deed -- None Listed On Document
Special Warranty Deed $442,500 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $0 New Conventional
Closed $641,250 New Conventional
Previous Owner $434,484 FHA
Source: Public Records

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    • 8 Beds
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    Section Image

Source: REcolorado®

MLS Number: 2940083

REcolorado®

APN: 1721-32-2-12-034