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2970 Eliot Cir Westminster, CO 80030
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Key Details
Sold Price $675,000
Property Type Single Family Home
Sub Type Income Property
Listing Status Sold
Purchase Type For Sale
Square Footage 3,518 sqft
Subdivision Twin Lakes
MLS Listing ID 2241679
Sold Date 06/12/20
Bedrooms 2
HOA Y/N false
Abv Grd Liv Area 3,518
Originating Board REcolorado
Year Built 1962
Annual Tax Amount $3,124
Lot Size 0.270 Acres
Acres 0.27
Property Description
This one is priced to move and set up to be stabilized in 90 days. Leases expire 4/30/20, 4/30/20 and 3/31/20 and will continue month to month. One vacant unit available for showing. Other units are in similar condition and same layout.
Rent-o-meter rent estimate at $1,300 per unit produces a 6.3% cap rate. Storage units and garage are currently rented for $185/mo combined. Rent for three occupied units is $3,440. Community laundry on lower level. Laundry could be converted to coin operated additional cash flow.
Income Estimate: $1300 x 4 + 185 = $5,940
Expense Estimate (24%) = $1,425
P&I Estimate: $2,565
Annual CF: $23,400
Cash on Cash of 13%
Cap Rate of 8%
Location
State CO
County Adams
Area Metro Denver
Rooms
Other Rooms Outbuildings
Interior
Heating Forced Air
Fireplaces Type None
Fireplace false
Appliance Refrigerator, Washer, Dryer
Laundry Common Area
Exterior
Garage Spaces 1.0
Utilities Available Electricity Available, Cable Available
Waterfront false
Roof Type Composition
Building
Story 2
Sewer City Sewer, Public Sewer
Water City Water
Level or Stories Two
Structure Type Wood/Frame,Concrete
New Construction false
Schools
Elementary Schools Skyline Vista
Middle Schools Scott Carpenter
High Schools Westminster
School District Westminster Public Schools
Others
Senior Community false
SqFt Source Assessor
Special Listing Condition Private Owner
Read Less
Bought with Atlas Real Estate Group
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