1621 Salvia Street, Golden, CO 80226
- $950,000
- 8
- BD
- 4
- BA
- 3,394
- SqFt
- List Price
- $950,000
- Price Change
- ▼ $15,000 1787258826
- Type
- Multifamily
- Property Sub Type
- Single Family Residence
- Status
- PENDING
- MLS Number
- 8359411
- Architectural Style
- Traditional
- Structural Style
- Traditional
- Bedrooms
- 8
- Bathrooms
- 4
- Sqft Total
- 3,394
- Neighborhood
- Rockridge
- Year Built
- 1962
Property Description
Rare opportunity to own a triplex in one of Golden’s most desirable and supply constrained locations. Offering a 5.78% cap rate based on current rents, this well maintained property provides immediate, stable cash flow and excellent long term investment potential. All three units are currently rented, generating $5,995 per month in gross rental income, with Unit 1 at $1,850 per month, Unit 2 at $2,750 per month, and Unit 3 at $1,395 per month. Unit 2 is leased through July 2027, while Unit 3 is currently month to month. The property offers a versatile unit mix, and two of the three units feature private fenced yards. Professionally xeriscaped landscaping provides attractive, low maintenance curb appeal. The location is one of the property’s greatest advantages. South Table Mountain trails and open space are directly across the street, while Colorado School of Mines, downtown Golden, NREL, restaurants, breweries, shopping, and recreation are all just minutes away. Convenient access to Highway 6 and I-70 provides easy commuting to Denver, Boulder, and throughout the Front Range while allowing tenants to enjoy everything the Golden lifestyle has to offer. For investors looking to expand their portfolio, the neighboring triplex at 1617 Salvia Street is also available, creating an extremely rare opportunity to acquire one or both properties and establish a larger multifamily investment in Golden. With all three units currently producing income, a strong Golden location, limited competing multifamily inventory, and the opportunity to purchase the neighboring triplex as well, this is a compelling opportunity for an investor looking for immediate cash flow and long term appreciation potential.
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Additional Information
- View
- Mountain(s)
- Lot Size Acres
- 0.19
- Lot Size Sq Ft
- 8,189
- Tax Amount
- $2,385
- Tax Year
- 2024
- Exterior Features
- Private Yard
- Sewer
- Public Sewer
- Flooring
- Carpet, Vinyl, Wood
- Basement Type
- Partial, Walk-Out Access
- Heating
- Forced Air
- Cooling
- Air Conditioning-Room, Attic Fan
- Fireplace Features
- Basement, Family Room
- School District
- Jefferson County R-1
- Elementary School
- Shelton
- Middle Or Junior School
- Creighton
- High School
- Golden
- Parking Total Searchable
- 7
- Parking Features
- Concrete
Mortgage Calculator
Courtesy of McClure and Associates . robby@robbymcclure.com,720-434-5228