5800 Newport Street, Commerce City, CO 80022

$999,900
19
BD
6
BA
5,448
SqFt
List Price
$999,900
Type
Multifamily
Status
ACTIVE
MLS Number
2638511
Total # of Units
6
Total Sqft
5,448
Finished Sqft
5448
Sub-Area
Monac Park
Year Built
1954

Property Description

Over 10% Cap Rate! This 6 unit apartment complex is a cash cow. All units are updated. New furnaces, updated plumbing, electrical, new paint, new landscaping and strong leases in place. The property consists of three structures: Two Triplexes and a two car detached garage plus additional storage building that can be leased out in the future. Property includes coin laundry for the tenants and an outside courtyard area. Conveniently located across the street from Rose Elementary School. Walking distance to many parks. Just 3 minutes away from Dick's Sporting Goods Park and the Stapleton neighborhood. 15 minutes away from Downtown Denver!

Additional Information

Proj. Ann. Income
131580
Act. Ann. Income
122340
Act. Ann. Expense
106058
Proj. Ann. Expense
18276
School District
Adams 14
Elementary School
Rose Hill
Middle School
Kearney
High School
Adams City
Garage Spaces
8
Style
Multi-Level
Basement
Apartment
Basement Size
Full
Basement Finished
Yes
Basement Square Feet
1333
Zoned
Multiple Units
Lot Size
4,356
Acres
0.1
Roofing Material
Composition Shingles
Contstruction
Wood Siding
Taxes
$1,693
Tax Year
2017
Financial Terms
Cash, Conventional, Exchange, Private Financing

Courtesy of NXT LEVEL Properties, LLC

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