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1401 E Bridge St

Brighton, CO 80601
  • $1,800,000
  • STATUS: Active
  • ON SITE: 24 Days
  • MLS #: 956924
UPDATED: 54 min ago
$1,800,000
  • 0
    BEDS
  • 0.24
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,000
    SQFT
  • $360
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1972
County:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

Market demand continues to increase the need for private business suites over the shared space concept. The Suites in Brighton has 23 individual spaces where business owners can operate independently, and their clients and customers can meet in a private setting. Plenty of parking, public restrooms, waiting room, and break room. Building updates in 2020 include: New roof, new paved parking lot, interior and exterior paint, vinyl plank flooring in many of the suites, new carpet throughout halls and common areas, lighting, toilets, 2 of the 4 AC units, security cameras and keyless entry, awning, barnwood accents inside and out. Each room is currently leased well below market, huge amount of room to increase NOI. Seller will be participating in a 1031 exchange. Due to the high cash flow of this property, seller will not close until replacement property has been identified. Please see attachment for current P/L and projections. Maybe possible for multi-family, check with city. Agent/Owner

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© 2022 Information and Real Estate Services, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Alliance. Data last updated: 2022-01-27T08:40:55.493.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
www.taylorhomepartners.com/homes/124385886
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1401 E Bridge St Brighton, CO 80601

  • Price: $1,800,000
  • Status: Active
  • On Site: 24 Days
  • Updated: 54 min ago
  • MLS #: 956924
0
Beds
0
Baths
0
½ Baths
0.24
Acres
5,000
SQFT
$360
$/SQFT
1972
Built
Neighborhood:
Royal Comm Tr
County:
Adams
Area:
12 Denver Metro area
Elementary School:
Brighton
Middle School:
Brighton
High School:
Brighton
School District:
Brighton Dist 27J
Property Description
Market demand continues to increase the need for private business suites over the shared space concept. The Suites in Brighton has 23 individual spaces where business owners can operate independently, and their clients and customers can meet in a private setting. Plenty of parking, public restrooms, waiting room, and break room. Building updates in 2020 include: New roof, new paved parking lot, interior and exterior paint, vinyl plank flooring in many of the suites, new carpet throughout halls and common areas, lighting, toilets, 2 of the 4 AC units, security cameras and keyless entry, awning, barnwood accents inside and out. Each room is currently leased well below market, huge amount of room to increase NOI. Seller will be participating in a 1031 exchange. Due to the high cash flow of this property, seller will not close until replacement property has been identified. Please see attachment for current P/L and projections. Maybe possible for multi-family, check with city. Agent/Owner
Exterior Features

Construction Materials Brick/Brick Veneer Horse YN No Levels Bi-Level Lot Features Within City Limits Property Attached YN No Road Surface Type Paved Roof Flat Spa YN No Waterfront YN No

Interior Features

Basement None Heating Forced Air Heating YN Yes Living Area Source Assessor

Property Features

Association YN No Cap Rate 7.96 Ditches Active YN No Electric ElectricUnited Power Gross Income 158394.7 Has Improvements No Has Water Rights No Income Includes Lease/Rents Listing Sub Status None Listing Terms Conventional Locale Brighton Net Operating Income 143203.7 New Construction YN No Operating Expense 15191 Possible Use Commercial Or Industrial Property Condition Not NewPreviously Owned Senior Community YN No Sewer City Sewer Special Listing Conditions Private Owner Tax Annual Amount 10871 Tax Year 2020 Tenant Pays Deposit Utilities Electricity Available Water Source City WaterCity Of Brighton Zoning C-3

Listing information © 2022 Information and Real Estate Services
Listing provided courtesy of Michelle Shockley of Happily Hammered Homes: 720-810-3830.



© 2022 Information and Real Estate Services, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Alliance. Data last updated: 2022-01-27T08:40:55.493.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
 
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