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3431 & 3435 W Dakota AVE Denver, CO 80219
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Key Details
Sold Price $601,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,490 sqft
Price per Sqft $403
Subdivision Westwood
MLS Listing ID 2281891
Sold Date 06/17/22
Style Traditional
Bedrooms 4
HOA Y/N No
Originating Board recolorado
Year Built 1955
Annual Tax Amount $1,925
Tax Year 2021
Lot Size 6,534 Sqft
Acres 0.15
Property Description
*Turnkey remodeled DUPLEX, both units sold together. Live in one side and rent the other or rent both.
*New roof June 2021
*New egress windows for both garden-level bedrooms
*Water heater in garden-level replaced in 2021
*Vinyl windows in both units
*Driveway Parking: 3 cars cars
*Backyard can be kept as is, divided with fence to create private yards for each unit or an ADU could be built (Zoning E-TU-C allows for ADU, 2-8 units, buyer to verify.)
RENTS:
*Current garden-level lease in place until 6/15/22. Rent is $1,370. Tenant wants to stay.
*The upstairs unit, 3435, rented for $1,486/month as Section 8 and the unit had a complete overall since then. Rentometer supports rents of $1,850 for nicer 2 bedroom/1 bath duplexes in Westwood. No rent increase upstairs since 2019 and it was not in good condition when rented. Great opportunity to increase rents in both units.
Cap Rate Calculation:
proforma up 1,850,down 1,420=39,240 gross
NOI=30,678
1,692 annual tax
1,812 annual insurance
750 water estimate
3,131 maintenance at 8%
1,177 vacancy at 3%
Location
State CO
County Denver
Zoning E-TU-C
Rooms
Basement Bath/Stubbed, Finished, Full, Interior Entry
Interior
Heating Baseboard, Forced Air
Cooling Air Conditioning-Room
Flooring Carpet, Tile
Fireplaces Number 1
Fireplaces Type Basement, Living Room, Wood Burning
Fireplace Y
Appliance Dishwasher, Disposal, Dryer, Freezer, Microwave, Oven, Refrigerator, Washer
Laundry In Unit
Exterior
Exterior Feature Lighting, Private Yard, Rain Gutters
Garage Driveway-Gravel
Roof Type Composition
Parking Type Driveway-Gravel
Total Parking Spaces 3
Garage No
Building
Lot Description Level
Story One
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Concrete
Schools
Elementary Schools Munroe
Middle Schools Compass Academy
High Schools West
School District Denver 1
Others
Senior Community No
Ownership Agent Owner
Acceptable Financing 1031 Exchange, Cash, Conventional, FHA
Listing Terms 1031 Exchange, Cash, Conventional, FHA
Special Listing Condition None
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Bought with Keller Williams DTC
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