7740 Idlewild ST Commerce City, CO 80022
8 Beds
4 Baths
3,640 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,640 sqft
Price per Sqft $292
Subdivision Peak Investments
MLS Listing ID 2477123
Bedrooms 8
HOA Y/N No
Abv Grd Liv Area 3,640
Year Built 1976
Annual Tax Amount $4,367
Tax Year 2024
Lot Size 0.450 Acres
Acres 0.45
Property Sub-Type Quadruplex
Source recolorado
Property Description
**Strong Financials & Cash Flow**
• Offered as-is at a 7.67% cap rate, with pro forma projections over 8.00% cap (includes vacancy and management allowances)
• Current Returns at 9.9% Pro forma Total Returns achieving 10.9% 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
Location
State CO
County Adams
Zoning r-3
Interior
Interior Features Ceiling Fan(s), High Speed Internet
Heating Natural Gas
Cooling Air Conditioning-Room, Evaporative Cooling
Flooring Vinyl
Fireplace N
Appliance Dryer, Gas Water Heater, Microwave, Oven, Refrigerator, Washer
Laundry In Unit
Exterior
Garage Spaces 2.0
Fence Full
Utilities Available Electricity Connected, Internet Access (Wired), Natural Gas Connected, Phone Connected
Roof Type Composition
Total Parking Spaces 2
Garage No
Building
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Frame,Stucco
Schools
Elementary Schools Dupont
Middle Schools Adams City
High Schools Adams City
School District Adams 14
Others
Senior Community No
Ownership Agent Owner
Acceptable Financing 1031 Exchange, Cash, Conventional, FHA
Listing Terms 1031 Exchange, Cash, Conventional, FHA
Special Listing Condition None
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA