7740 Idlewild St Commerce City, CO 80022
8 Beds
4 Baths
3,640 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Income Property
Listing Status Active
Purchase Type For Sale
Square Footage 3,640 sqft
Subdivision Peak Investments
MLS Listing ID 2477123
Style Ranch
Bedrooms 8
HOA Y/N false
Abv Grd Liv Area 3,640
Year Built 1976
Annual Tax Amount $4,367
Lot Size 0.450 Acres
Acres 0.45
Property Sub-Type Income Property
Source REcolorado
Property Description
**Strong Financials & Cash Flow**
* Offered as-is at a 7.67% cap rate, with pro forma projections over 8.00% cap (includes vacancy and management allowances)
* Current Returns at 9.9% Pro forma Total Returns achieving 10.9% 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
Location
State CO
County Adams
Area Metro Denver
Zoning r-3
Interior
Cooling Wall/Window Unit(s), Evaporative Cooling, Ceiling Fan(s)
Appliance Refrigerator, Washer, Dryer, Microwave
Exterior
Garage Spaces 2.0
Fence Fenced
Utilities Available Natural Gas Available, Electricity Available
Roof Type Composition
Building
Story 1
Foundation Slab
Sewer City Sewer, Public Sewer
Water City Water
Level or Stories One
Structure Type Wood/Frame,Stucco
New Construction false
Schools
Elementary Schools Dupont
Middle Schools Adams City
High Schools Adams City
School District Adams 14
Others
Senior Community false
SqFt Source Appraiser
Special Listing Condition Other Owner
