7740 Idlewild St - Apartments FOR SALE


Commerce City, CO 80022
$1,198,000 USD
303-968-4354
7740 Idlewild St, Commerce City, CO for Sale
$1,198,000 USD
Apartments - FOR SALE
1/16
null | 6.51% Cap Rate

7740 Idlewild St
Commerce City, CO 80022


HIGHLIGHTS

  • Large double lot
  • Fully Occupied, stabalized with growth potential
  • Renovated

OVERVIEW

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 DETAILS

PRICE

$1,198,000 USD

PRICE/SF

$329 USD /SF

# OF UNITS

4

PRICE/UNIT

$299,500

CAP RATE

6.51%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1976

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,602 SF

ZONING

R-3

APN/PARCEL ID

1721-32-2-12-034

ASK ABOUT THIS PROPERTY

Nathaniel Weidneredricryanrei@gmail.comMore Info
303-968-4354

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Nathaniel Weidneredricryanrei@gmail.comMore Info
303-968-4354

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.