6680 63Rd PlCommerce City, CO 80022

Property Details for 6680 63Rd Pl

Year built

1947

Lot size

0.26 AC

Property size (Sq ft)

1,400 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional investment opportunity presents a charming two-unit apartment building nestled in Commerce City, Colorado. Situated on a 0.26-acre lot at 6680 E 63rd Pl, 80022, this 1947-built property offers a compelling blend of established income and future growth potential. The building boasts a total of 1,400 square feet, with each unit commanding a price of $242,500. Currently generating a Net Operating Income (NOI) of $34,827, resulting in a 7.18% capitalization rate, the property's pro-forma NOI is projected at $39,643, translating to an attractive 8.17% pro-forma cap rate. This suggests significant upside potential for savvy investors. The property's location in Adams County provides easy access to major transportation routes and amenities, enhancing its appeal to tenants. This duplex presents a rare chance to acquire a well-positioned multifamily asset with immediate cash flow and substantial room for value appreciation. The asking price for this lucrative investment is $485,000. Don't miss this opportunity to add a strong performer to your portfolio.

Location Insight

City

Commerce City

County

Adams

State

Colorado

Latitude

39.8112

Longitude

-104.911

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