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Off market
  • $695,500

    6950 Magnolia St APT A, Commerce City, CO 80022

    5beds
    3baths
    3,063sqft
    Quadplex
    Built in 1956
    -- sqft lot
    $695,500 Zestimate®
    $227/sqft
    $1,648 Estimated rent

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    $1,648/mo

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    $1,648/mo

    Rent Zestimate®

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    $3,899/mo

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    $3,899/mo

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    What's special

    Two duplexes on one lot, for a total of four units. Fantastic turn-key rental in Commerce City with multiple value-add strategies to create additional income. The first structure is an up/down duplex positioned at front of the lot. The lower unit is very large, with spacious rooms and a covered patio, and the upper unit was recently updated. The second structure is positioned in the back of the lot and is a side by side duplex (studio on one side & 2br on the other) with two large 2-car attached garage between them. The garages are not currently allocated to either tenant, as owner had previously used them for personal storage. While this property already cash flows very well, there are still various value-add strategies which could significantly increase the income. Don't miss your chance to own this unique investment property with 3,063 of total above ground square footage on a 13,932sqft lot in up and coming Commerce City.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 3
    Heating
    • Baseboard
    Cooling
    • None, Evaporative
    Features
    • Flooring: Other
    • Has fireplace: Yes
    • Common walls with other units/homes: 1 Common Wall
    Interior area
    • Total interior livable area: 3,063 sqft

    Property

    Parking
    • Total spaces: 4
    • Parking features: Garage - Attached
    Features
    • Entry location: Courtyard
    • Patio & porch: Patio, Covered
    • Exterior features: Other
    • Fencing: Partial
    Lot
    • Size: 0.32 Acres
    Details
    • Parcel number: 0182305111006
    • Zoning description: R2

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Traditional
    • Property subtype: Quadplex
    Materials
    • Frame
    • Roof: Composition
    Condition
    • Year built: 1956

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Commerce City

    Other

    Other facts
    • Sewer: Public Sewer
    • WaterSource: Public
    • Heating: Baseboard
    • GarageYN: true
    • AttachedGarageYN: true
    • HeatingYN: true
    • PatioAndPorchFeatures: Patio, Covered
    • ConstructionMaterials: Frame
    • PropertyAttachedYN: true
    • Roof: Composition
    • ArchitecturalStyle: Traditional
    • Fencing: Partial
    • CoveredSpaces: 4
    • CommonWalls: 1 Common Wall
    • Cooling: Evaporative Cooling
    • ParkingFeatures: Off Street
    • ZoningDescription: R2
    • PropertySubType: Quadplex
    • EntryLocation: Courtyard
    • MlsStatus: Pending
    • GrossIncome: 52894.00
    • GrossScheduledIncome: 61770.00
    • NetOperatingIncome: 37364.00
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    Estimated market value
    $695,500