Two duplexes on one lot, for a total of four units. Fantastic turn-key rental in Commerce City with multiple value-add strategies to create additional income. The first structure is an up/down duplex positioned at front of the lot. The lower unit is very large, with spacious rooms and a covered patio, and the upper unit was recently updated. The second structure is positioned in the back of the lot and is a side by side duplex (studio on one side & 2br on the other) with two large 2-car attached garage between them. The garages are not currently allocated to either tenant, as owner had previously used them for personal storage. While this property already cash flows very well, there are still various value-add strategies which could significantly increase the income. Don't miss your chance to own this unique investment property with 3,063 of total above ground square footage on a 13,932sqft lot in up and coming Commerce City.
Off market
$695,500
6950 Magnolia St APT A, Commerce City, CO 80022
5beds
3baths
3,063sqft
Quadplex
Built in 1956
-- sqft lot
$695,500 Zestimate®
$227/sqft
$1,648 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
Heating
- Baseboard
Cooling
- None, Evaporative
Features
- Flooring: Other
- Has fireplace: Yes
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total interior livable area: 3,063 sqft
Property
Parking
- Total spaces: 4
- Parking features: Garage - Attached
Features
- Entry location: Courtyard
- Patio & porch: Patio, Covered
- Exterior features: Other
- Fencing: Partial
Lot
- Size: 0.32 Acres
Details
- Parcel number: 0182305111006
- Zoning description: R2
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Quadplex
Materials
- Frame
- Roof: Composition
Condition
- Year built: 1956
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Commerce City
Other
Other facts
- Sewer: Public Sewer
- WaterSource: Public
- Heating: Baseboard
- GarageYN: true
- AttachedGarageYN: true
- HeatingYN: true
- PatioAndPorchFeatures: Patio, Covered
- ConstructionMaterials: Frame
- PropertyAttachedYN: true
- Roof: Composition
- ArchitecturalStyle: Traditional
- Fencing: Partial
- CoveredSpaces: 4
- CommonWalls: 1 Common Wall
- Cooling: Evaporative Cooling
- ParkingFeatures: Off Street
- ZoningDescription: R2
- PropertySubType: Quadplex
- EntryLocation: Courtyard
- MlsStatus: Pending
- GrossIncome: 52894.00
- GrossScheduledIncome: 61770.00
- NetOperatingIncome: 37364.00
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Estimated market value
$695,500