Description
The property offers a LOW 3.44% Freddie Mac loan locked in for the next 7 years! The loan on the property is assumable with a just 33% down payment. Interest only for the first year! $100k Price reduction with increase in rental income! 6% cap. Easy Value Add Opportunity. 12 Unit Multifamily building with a rare mix of 3-bedroom and 2-bedroom apartment units. All units have been renovated within the past 12 months to include new kitchen cabinets, new floorings, new paint, and new carpet. The monthly gross rent of $17K can be easily increased to $19K without much turnover. We have favorable financing/debt service options in the 4%-5% range still! Also, an assumable loan of 3.4% interest with a 35% down payment. Just 1 Mile to Anschutz Medical Campus and 1 Mile to the Lowry Neighborhood. Less Than 2 Miles to Stanley Marketplace and Central Park.
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0BEDS
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0.22ACRES
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0BATHS
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01/2 BATHS
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9,240SQFT
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$259$/SQFT
School Ratings & Info
Offered by Keller Williams Realty Urban Elite.Description
The property offers a LOW 3.44% Freddie Mac loan locked in for the next 7 years! The loan on the property is assumable with a just 33% down payment. Interest only for the first year! $100k Price reduction with increase in rental income! 6% cap. Easy Value Add Opportunity. 12 Unit Multifamily building with a rare mix of 3-bedroom and 2-bedroom apartment units. All units have been renovated within the past 12 months to include new kitchen cabinets, new floorings, new paint, and new carpet. The monthly gross rent of $17K can be easily increased to $19K without much turnover. We have favorable financing/debt service options in the 4%-5% range still! Also, an assumable loan of 3.4% interest with a 35% down payment. Just 1 Mile to Anschutz Medical Campus and 1 Mile to the Lowry Neighborhood. Less Than 2 Miles to Stanley Marketplace and Central Park.
Licensed in the State of Colorado, USA
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