Don't miss this incredible opportunity to own this charming duplex west of Old Towne Arvada. Live in one side and rent the other!
Each side of the duplex has 2 bedrooms: a primary bedroom and guest bedroom and two bathrooms: one full bathroom and one 3/4 bathroom. The property is very well maintained and has shown consistent rents for 5 years with the current owner. With market rent of $1900/month, the cap rate is approximately 6%. The tenants are on month-to-month leases giving the new landlord the opportunity to increase rents. The property is located on a large corner lot with 9780sqft and has no neighbors to the south or west of the property. The back yard is very private and fenced in for animals. Great for the outdoor and sports enthusiasts with Harold D Lutz sports complex is just south of the property and Apex Rec Center is just a short drive away. Light rail is walking distance away located off Ridge Road and Kipling just south and east. There are numerous hiking and biking trails nearby! The property is brick and frame construction with newer vinyl windows, updated flooring and newer interior paint. New plumbing and electrical fixtures give the space an updated and modern feel. Stainless steel appliances, washers and dryers are included with the sale. Both units have microwaves and an open floor plan to enjoy with family and friends. The roof was replaced in 2021 and the interior of the property was updated in 2017 and included the following updates: new laminate flooring, new carpet and paint, new bathroom tiles, new kitchen counters, new appliances, new sump pump, new water heater and gas valves to the furnaces. Seller will credit the buyer $6500 at closing for closing costs, repair/upgrades, or A/C installation with a full price offer.