Great investor deal multi-unit on large lot! Amazing Golden location, near the intersection of I-70 and 6th avenue, close to Colorado Mills Mall. Unit 1 is a 2 bed-1 bath on the main floor with a full unfinished basement, rough-in for a bath; washer & dryer included. Unit 2 is a 3 bed-1 bath on the main floor with a full unfinished basement, rough-in for a bath; washer & dryer included. Newer roof, gutter guards, main sewer line, 3-tier sump pump with battery backup. Fully enclosed fencing on both sides. Both units have their own storage shed. Both units have newer appliances, paint, fans and lighting throughout. HUGE ADDITIONAL UPSIDE POTENTIAL. A similar parcel with the same model duplex on the same street got a zoning change which allowed them to add up to two more units for a total of 4 units. You can try to do the same!!! Large private off-street parking lot can fit at least 4 cars. This property always has lots of interest from students from School of Mines, Colorado Christian University and Young Professionals. Great income producing duplex and currently believed to be rented under market value. Current annual net income is $44,600. Projected Annual Net Income of $50,420 and Cap Rate of 5.6 advertised is based on conservatively increased rents. 656 is under lease until end of May 2022. 658 is Month to Month lease with tenants interested in renewing. Buy for income or as a live in one side and use the income to help with housing costs! Close to shops, restaurants, bars, hiking & biking trails and public transportation. PLEASE CALL ROXANE WEBSTER AT 303-759-8522 WITH QUESTIONS AND SUBMIT ALL CONTRACTS' TO ROXANE@MYHOMETEAMDENVER.COM.
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Listed by Kentwood Real Estate City Properties Sold by Your Castle Realty LLC
656 Kendrick Street, Golden, CO 80401 (MLS# 7563714) is a
Duplex property with 5 bedrooms and 0 full bathrooms.
656 Kendrick Street is currently listed for $899,900 and was received on July 08, 2021.
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