3501 Kipling St Unit 3505, Wheat Ridge, CO 80033

$475,000
4
BD
2
BA
1,991
SqFt

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Sold Price
$475,000
List Price
$475,000
Closing Date
Nov 22, 2023
Type
Multifamily
Property Sub Type
Duplex
Status
CLOSED
MLS Number
7492086
Structural Style
Traditional
Bedrooms
4
Bathrooms
2
Sqft Total
1,991
Year Built
1949

Property Description

Only Duplex Priced Below $650,000 In Wheat Ridge In The Last 6 Months - Instant Equity - Cash Flows Even With These Interest Rates *** 3501 The 2 Bedroom Side Is Vacant, You Pick Your Tenant (Maybe It's You), You Decide How Much Work ($1000 or $10,000) Before You Rent It *** 3505 The 3 Bedroom Side Has Long Term Month To Month Tenant Who Wants To Stay, Has Had The Same Rent For The Last 3 Years and Knows A Rent Increase Is Coming, (DDRC pays the majority of the rent and it just passed their inspection) - Each Unit Has It's Own Private Large Fenced Yard - New Roof and Gutters July 2023 - (6% Projected Cap Rate At $650,000) - Live In 1 Side and Rent The Other Side - Lots of Upside! - Washer/Dryer hookups in both units (tenants supply w/d) - Each has their own fenced yard - pet friendly tile floors in both units - minimal work has been performed on both units but are rentable as is - do a little work now and a little more next year - *** More Photos of 3505 will be uploaded Wednesday afternoon - please use those photos until accepted offer *** Please see MLS Supplements Prior To Showing ***

Additional Information

Lot Size Acres
0.30000000000000004
Lot Size Sq Ft
13,106
Tax Amount
$3,060
Exterior Features
Private Yard, Rain Gutters
Water Source
Public
Sewer
Public Sewer
Heating
Forced Air, Natural Gas
Cooling
None
School District
Jefferson County R-1
Elementary School
Prospect Valley
Middle Or Junior School
Everitt
High School
Wheat Ridge
Unit Number
3505

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Calculator source: Real Geeks

Courtesy of Century 21 Signature Realty, Inc . shellee@srthomes.com,720-495-4846

Selling Office: MB GUARDIAN RE.