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
For sale
$1,198,000
7740 Idlewild St, Commerce City, CO 80022
8beds
4baths
3,638sqft
Est.:
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
- 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#: 2940083

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
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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