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3431 W Dakota Ave Denver, CO 80219
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Key Details
Sold Price $601,000
Property Type Single Family Home
Sub Type Attached Dwelling
Listing Status Sold
Purchase Type For Sale
Square Footage 1,490 sqft
Subdivision Westwood
MLS Listing ID 2281891
Sold Date 06/17/22
Style Ranch
Bedrooms 4
HOA Y/N false
Abv Grd Liv Area 1,490
Originating Board REcolorado
Year Built 1955
Annual Tax Amount $1,925
Lot Size 6,534 Sqft
Acres 0.15
Property Description
*Turnkey remodeled DUPLEX, both units sold together. Live in one side and rent the other or rent both.
*New roof June 2021
*New egress windows for both garden-level bedrooms
*Water heater in garden-level replaced in 2021
*Vinyl windows in both units
*Driveway Parking: 3 cars cars
*Backyard can be kept as is, divided with fence to create private yards for each unit or an ADU could be built (Zoning E-TU-C allows for ADU, 2-8 units, buyer to verify.)
RENTS:
*Current garden-level lease in place until 6/15/22. Rent is $1,370. Tenant wants to stay.
*The upstairs unit, 3435, rented for $1,486/month as Section 8 and the unit had a complete overall since then. Rentometer supports rents of $1,850 for nicer 2 bedroom/1 bath duplexes in Westwood. No rent increase upstairs since 2019 and it was not in good condition when rented. Great opportunity to increase rents in both units.
Cap Rate Calculation:
proforma up 1,850,down 1,420=39,240 gross
NOI=30,678
1,692 annual tax
1,812 annual insurance
750 water estimate
3,131 maintenance at 8%
1,177 vacancy at 3%
Location
State CO
County Denver
Area Metro Denver
Zoning E-TU-C
Rooms
Other Rooms Outbuildings
Interior
Heating Forced Air, Baseboard
Cooling Room Air Conditioner
Fireplaces Type Single Fireplace
Fireplace true
Appliance Dishwasher, Refrigerator, Washer, Dryer, Microwave, Freezer, Disposal
Exterior
Garage Spaces 3.0
Waterfront false
Roof Type Composition
Street Surface Gravel
Handicap Access Level Lot
Porch Deck
Building
Lot Description Gutters, Level
Faces South
Story 1
Sewer City Sewer, Public Sewer
Water City Water
Level or Stories One
Structure Type Concrete
New Construction false
Schools
Elementary Schools Munroe
Middle Schools Compass Academy
High Schools West
School District Denver 1
Others
Senior Community false
SqFt Source Assessor
Special Listing Condition Other Owner
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