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

Apartment buildings

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

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].