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63 S 22 Ave , A And B

Brighton, CO 80601
  • $2,900,000
  • STATUS: Active
  • ON SITE: 65 Days
  • MLS #: 979259
UPDATED: 30 min ago
$2,900,000
  • 3
    BEDS
  • 0.89
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 14,608
    SQFT
  • $199
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1980
County:

School Information

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

Description

63 South 22nd Avenue is located off Highway 7, providing convenient access for commuting to Denver and the metro suburbs, Denver International Airport, or local opportunities. The complex offers convenient access (< 3 miles) to local attractions and amenities including Barr Lake State Park, Fox Meadow Trail, Observatory Park, Oasis Family Aquatic Park, Prairie Center Shopping Center, King Soopers, Walmart Supercenter, Platteville Medical Center, Eagle Ridge Academy, Pennock Elementary, and much more. The asset offers two garden style apartment complexes, totaling 16 units. This value-add property lends a primary mix of 2 bedroom, 1 bathroom floorplans while also providing two single bedroom options. Each unit has independently metered gas, electric, forced air furnace, and gas water heater. The property is currently under-rented and needing cosmetic improvements to increase occupancy. With proper management, the property provides upside potential for a 7% cap rate. With brand new roofing, new exterior paint, rooftop A/C units for the second floors, mix of newer water heaters and furnaces throughout, this property has much to offer a new owner. Please see OM for all details.

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© 2023 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 Taylor Home Partners. Data last updated: 2023-02-03T08:42:21.583.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
www.taylorhomepartners.com/homes/135098211
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63 S 22 Ave , A And B Brighton, CO 80601

  • Price: $2,900,000
  • Status: Active
  • On Site: 65 Days
  • Updated: 30 min ago
  • MLS #: 979259
3
Beds
0
Baths
0
½ Baths
0.89
Acres
14,608
SQFT
$199
$/SQFT
1980
Built
Neighborhood:
Fulton Village
County:
Adams
Area:
12 Denver Metro area
Elementary School:
Southeast
Middle School:
Vikan, Walter L.
High School:
Brighton
School District:
Brighton Dist 27J
Property Description
63 South 22nd Avenue is located off Highway 7, providing convenient access for commuting to Denver and the metro suburbs, Denver International Airport, or local opportunities. The complex offers convenient access (< 3 miles) to local attractions and amenities including Barr Lake State Park, Fox Meadow Trail, Observatory Park, Oasis Family Aquatic Park, Prairie Center Shopping Center, King Soopers, Walmart Supercenter, Platteville Medical Center, Eagle Ridge Academy, Pennock Elementary, and much more. The asset offers two garden style apartment complexes, totaling 16 units. This value-add property lends a primary mix of 2 bedroom, 1 bathroom floorplans while also providing two single bedroom options. Each unit has independently metered gas, electric, forced air furnace, and gas water heater. The property is currently under-rented and needing cosmetic improvements to increase occupancy. With proper management, the property provides upside potential for a 7% cap rate. With brand new roofing, new exterior paint, rooftop A/C units for the second floors, mix of newer water heaters and furnaces throughout, this property has much to offer a new owner. Please see OM for all details.
Exterior Features

Construction Materials Wood/FrameBrick/Brick VeneerWood SidingPainted/Stained Direction Faces East Fencing PartialMetal Post Fence Horse YN No Levels One And One Half Lot Features CurbsGuttersSidewalksCul-De-SacLevelWithin City Limits Other Parking Parking Per Unit(1.5 Spaces/Unit) Patio And Porch Features Patio Road Frontage Type City Street Road Surface Type PavedAsphalt Roof Composition Spa YN No Structure Type Legal Conforming View City Waterfront YN No

Interior Features

Accessibility Features Level Lot Appliances Electric Range/OvenDishwasherRefrigeratorMicrowave Basement Daylight Cooling Central AirCeiling Fan(S)Attic Fan Cooling YN Yes Heating Forced Air Heating YN Yes Interior Features Eat-In KitchenWalk-In Closet(S) Laundry Features Washer/Dryer Hookups Living Area Source Assessor Unit1 Bedrooms 2 Unit1 Est Sq Ft 784 Unit1 Total Baths 1 Unit2 Bedrooms 1 Unit2 Est Sq Ft 575 Unit2 Total Baths 1 Window Features Window Coverings

Property Features

Association YN No Cap Rate 6.9 Ditches Active YN No Electric ElectricXcel Exclusions Tenant's Personal Property. Gas Natural GasUnited Power Green Energy Efficient Southern ExposureHvac Gross Income 257944 Has Improvements No Has Water Rights No Income Includes Lease/Rents Listing Sub Status None Listing Terms CashConventional Locale Brighton Net Operating Income 200266 New Construction YN No Operating Expense 57678 Possible Use Multi-Family Property Condition Not NewPreviously Owned Property Sub Type Income Property Sewer City Sewer Special Listing Conditions Private Owner Tax Annual Amount 18654 Tax Year 2021 Tenant Pays DepositGasElectricity Unit1 Rent 1300 Unit2 Rent 800 Utilities Natural Gas AvailableElectricity AvailableCable Available Water Source City WaterBrighton Zoning Multi Fam

Listing information © 2023 Information and Real Estate Services
Listing provided courtesy of Nicholas Bukowski of The Station Real Estate: 9702197096.



© 2023 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 Taylor Home Partners. Data last updated: 2023-02-03T08:42:21.583.

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