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7120 W 16 Pl Lakewood, CO 80214
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Key Details
Sold Price $800,000
Property Type Single Family Home
Sub Type Income Property
Listing Status Sold
Purchase Type For Sale
Square Footage 2,850 sqft
Subdivision Grandview
MLS Listing ID 5204961
Sold Date 12/14/20
Style Contemporary/Modern
Bedrooms 8
HOA Y/N false
Abv Grd Liv Area 2,900
Originating Board REcolorado
Year Built 1954
Annual Tax Amount $2,662
Lot Size 0.290 Acres
Acres 0.29
Property Description
BACK ON THE MARKET!! FANTASTIC OPPORTUNITY - FOUR PLEX FOR SALE
JUST SET BACK AND COLLECT THE RENTAL INCOME, ALL THE UPGRADES ARE COMPLETE.
Two units have Section 8 tenants in place, The Housing Authority deposits the rents in your account monthly (HOUSING AUTHORITY PORTION ONLY) COLLECT BALCNCE OF THE RENT FROM THE SECTION 8 TENANTS
All units remodeled in 2016, all units have identical Hickory Kitchen cabinets with stainless steel appliances, tiled kitchen backsplashes & flooring, Onyx Shower Surround kits (lifetime warranty from manufacturer) furnace and water heaters replaced in 2015. New roof in 2017, egress windows in the two garden units, (2) one car garages, fenced yards. Owner owns the Coin Operated Washer & Dryer in Laundry room and is included in the sale.
The Section 8 tenant in 7120A has been there since Jan 2016, and the Section 8 tenant in 7130A has been there since Aug 2019. 7120B is currently vacant and being listed to rent for $1250 per month. 7130B tenant has been there since November 2018 and is currently month to month with no plans on leaving.
7120A W 16TH PL - HOUSING AUTHORITY PAYS $839.00 TENANT PAYS $611.00 - LANDLORD PAYS 1/2 GAS BILL
7130A W 16TH PL - HOUSING AUTHORITY PAYS $1333.00 TENANT PAYS $127.00 - LANDLORD PAYS 1/2 GAS BILL
Landlord pays for 1/2 the gas bill for the Section 8 tenants in 7120A & 7130A. Landlord also pays for Water, Sewer, and Trash.
The Listing Broker is the Owner. This will be a 1031 PROPERTY EXCHANGE.
Location
State CO
County Jefferson
Area Metro Denver
Zoning MGU
Direction WEST ON COLFAX TO TELLER, TURN RIGHT ON TELLER, 2 BLOCKS NORTH TO W 16TH PL, TAKE A RIGHT ON 16TH PL THE UNITS ARE ON THE RIGHT HAND SIDE OF THE STREET
Rooms
Basement Partially Finished, Walk-Out Access, Daylight
Interior
Heating Forced Air
Window Features Double Pane Windows
Appliance Self Cleaning Oven, Dishwasher, Refrigerator, Washer, Dryer, Disposal
Laundry Common Area
Exterior
Garage Spaces 2.0
Fence Fenced
Utilities Available Natural Gas Available, Cable Available
Roof Type Fiberglass
Street Surface Paved,Gravel
Building
Story 2
Foundation Slab
Level or Stories Bi-Level
Structure Type Brick/Brick Veneer,Block,Concrete
New Construction false
Schools
Elementary Schools Lumberg
Middle Schools Jefferson
High Schools Jefferson
School District Jefferson County R-1
Others
Senior Community false
SqFt Source Assessor
Special Listing Condition Private Owner, Other Owner
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