For Sale
$598,000

80 Nelson Ave Keenesburg, CO 80643

Two-unit income property, recently renovated

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional Keenesburg, Colorado investment property presents a rare opportunity to acquire a meticulously maintained, two-unit duplex. Boasting a total of 2,464 square feet, this property features two 3-bedroom, 2-bathroom units, each with a 2-car parking space. The units were completely renovated in 2024, including new kitchens, bathrooms, flooring, appliances, and windows, representing a $135,000 investment. Exterior improvements completed in 2019 include a new roof, siding, paint, and shutters. The property sits on a 6,750 square foot lot and is zoned R2. Currently, both units are 100% occupied, with leases in place through July 1, 2025 (one unit) and October 4, 2025 (the other). The current Net Operating Income (NOI) is $24,094, with a projected NOI of $37,320, resulting in a pro-forma cap rate of 6.24%. The property benefits from a new hot water boiler heat system and mini-split AC units, ensuring efficient and comfortable living for tenants. Located in a desirable area, this property offers a strong return on investment with minimal maintenance requirements. Tenants are responsible for all utilities except water/sewer (not separately metered) and trash. This is a turnkey investment opportunity with significant upside potential. The property is not subject to HOA fees or Metro District assessments.

Highlights

  • $598,000 asking price for a two-unit multifamily income property in Keenesburg, CO.
  • Recently renovated duplex with two 3 bed/2 bath units, each approximately 1232 sq ft.
  • Strong pro-forma cap rate of 6.24%, with current NOI of $24,094 and pro-forma NOI of $37,320.
  • Located on a 6,750 sq ft lot with R2 zoning and two parking spaces per unit.
  • Extensive 2024 interior renovations totaling $135,000, including new HVAC, appliances, and finishes. Exterior updates completed in 2019 include roof, siding, paint, and shutters.
  • Currently 100% occupied with leases expiring in 2025. NNN leases.

Property Details for 80 Nelson Ave

Property type
Residential income homes
Square Feet
2,464 SF
Year Built
1993
Buildings
1
Stories
2
Units
2

Location Insight

City
Keenesburg
County
Weld
State
Colorado
Latitude
40.1028301
Longitude
-104.5220386

FAQs

What type of property is this?
Residential income home - Two-unit income property, recently renovated
Where is the residential income home located?
The property is located at 80 Nelson Ave Keenesburg, CO.
What is the asking price?
The asking price for this property is $598,000.
What are key features of this property?
This property features: $598,000 asking price for a two-unit multifamily income property in Keenesburg, CO.; Recently renovated duplex with two 3 bed/2 bath units, each approximately 1232 sq ft.; Strong pro-forma cap rate of 6.24%, with current NOI of $24,094 and pro-forma NOI of $37,320.
How can I contact the broker?
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80 Nelson Ave
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