7740 Idlewild StCommerce City, CO 80022
Remodeled 4-Unit Investment with Development Upside | Strong Cash Flow + Value-Add Potential This is a rare opportunity to acquire two fully separate duplexes with huge detached garage on a combined double lot in under-the-radar, high-demand Commerce City. Offering immediate income, long-term upside, and flexible development potential. Three units renovated and value-add renovation potential on fourth unit. All units fully leased and stable. Individually metered, all with laundry hookups. __Strong Financials & Cash Flow__ • Offered as-is at a 6.5% cap rate, with pro forma projections almost 7.2% cap (includes vacancy and mgmt allowances) • Pro forma Total Returns achieving 9.5% based on typical investment loan terms (detailed pro forma available) • All units currently filled, rented below market, providing immediate upside through rent adjustments • Four detached storage units on-site offer additional income potential • Stable rent history with consistent increases over time __Development Potential on Nearly Half an Acre__ • Zoned R-3 with lot size of .4545 acres • Each building has separate sewer mains, providing critical infrastructure for future development • Expansive side yards and an enormous unused rear lot open the door for increased density or phased development • Ideal for investors to rent one building while developing the other, leveraging existing cash flow to fund expansion • Perfect for a buy-and-hold strategy, combining immediate income stability with appreciation potential __Low-Maintenance Asset with Curb Appeal__ • Durable stucco exteriors, quality roof, and xeriscaped front yard reduce operating costs • Tenant-maintained backyard minimizes owner responsibilities • Full front privacy fence enhances aesthetics and tenant satisfaction • Clean and easy to lease, low maintenance tenants Agent has interest
| 4 days ago | Listing updated with changes from the MLS® | |
| 4 days ago | Listing first seen on site |
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