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For sale
  • $1,198,000

    7740 Idlewild St, Commerce City, CO 80022

    8beds
    4baths
    3,638sqft
    : 
    Quadruplex
    Built in 1976
    -- sqft lot
    $-- Zestimate®
    $329/sqft
    $-- HOA

    What's special

    Tenant-maintained backyardEnormous unused rear lotLaundry hookupsFront privacy fenceDurable stucco exteriorsExpansive side yardsQuality roof
    Remodeled 4-Unit Investment with Development Upside | Strong Cash Flow + Value-Add Potential This is a rare opportunity to acquire two fully separate duplexes with huge detached garage on a combined double lot in under-the-radar, high-demand Commerce City. Offering immediate income, long-term upside, and flexible development potential. Three units renovated and value-add renovation potential on fourth unit. All units fully leased and stable. Individually metered, all with laundry hookups. __Strong Financials & Cash Flow__ • Offered as-is at a 6.5% cap rate, with pro forma projections almost 7.2% cap (includes vacancy and mgmt allowances) • Pro forma Total Returns achieving 9.5% based on typical investment loan terms (detailed pro forma available) • All units currently filled, rented below market, providing immediate upside through rent adjustments • Four detached storage units on-site offer additional income potential • Stable rent history with consistent increases over time __Development Potential on Nearly Half an Acre__ • Zoned R-3 with lot size of .4545 acres • Each building has separate sewer mains, providing critical infrastructure for future development • Expansive side yards and an enormous unused rear lot open the door for increased density or phased development • Ideal for investors to rent one building while developing the other, leveraging existing cash flow to fund expansion • Perfect for a buy-and-hold strategy, combining immediate income stability with appreciation potential __Low-Maintenance Asset with Curb Appeal__ • Durable stucco exteriors, quality roof, and xeriscaped front yard reduce operating costs • Tenant-maintained backyard minimizes owner responsibilities • Full front privacy fence enhances aesthetics and tenant satisfaction • Clean and easy to lease, low maintenance tenants Agent has interest
    17 days
    on Zillow
    |
    209
    |
    4
    |

    Zillow last checked: 7 hours ago

    Listing updated: April 09, 2025 at 01:40am

    Listed by:

    Nathaniel Weidner 303-968-4354 weidner.nw@gmail.com,

    Premier Agent Network Colorado LLC

    Source: REcolorado,MLS#: 2940083MLS Logo
    Travel times

    Tour with a buyer’s agent

    We’ll find a local expert to take you on a private tour of 7740 Idlewild St.

    Next available tour time:Tomorrow at 11am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 4
    Heating
    • Natural Gas
    Cooling
    • Air Conditioning-Room, Evaporative Cooling
    Appliances
    • Included: Dishwasher, Disposal, Gas Water Heater, Oven, Range, Refrigerator, Washer
    • Laundry: In Unit
    Features
    • Ceiling Fan(s), High Speed Internet, Quartz Counters
    • Flooring: Tile, Vinyl
    • Has basement: No
    • Common walls with other units/homes: 1 Common Wall
    Interior area
    • Total structure area: 3,638
    • Total interior livable area: 3,638 sqft
    • Finished area above ground: 3,638

    Property

    Parking
    • Total spaces: 4
    • Parking features: Gravel
    • Carport spaces: 4
    • Has uncovered spaces: Yes
    Features
    • Levels: One
    • Stories: 1
    • Fencing: Full
    Lot
    • Size: 0.45 Acres
    Details
    • Parcel number: 0172132212034
    • Zoning: R-3
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex
    • Attached to another structure: Yes
    Materials
    • Stucco
    • Foundation: Slab
    • Roof: Composition
    Condition
    • Updated/Remodeled
    • Year built: 1976

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Subdivision: Peak Investments
    HOA
    • Has HOA: No
    Location
    • Region: Commerce City

    Financial & listing details

    • Price per square foot: $329/sqft
    • Tax assessed value: $726,000
    • Annual tax amount: $4,367
    • Date on market: 4/9/2025
    • Listing terms: 1031 Exchange,Cash,Conventional,FHA
    • Exclusions: Tenants Personal Property
    • Ownership: Agent Owner
    • Tenant pays: Electricity, Gas, Internet
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