$1,160,000
$1,100,000
5.5%For more information regarding the value of a property, please contact us for a free consultation.
5 Beds
2 Baths
3,649 SqFt
SOLD DATE : 05/09/2022
Key Details
Sold Price $1,160,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 3,649 sqft
Price per Sqft $317
Subdivision Bates Park
MLS Listing ID 4486199
Sold Date 05/09/22
Style Bungalow
Bedrooms 5
Three Quarter Bath 2
HOA Y/N No
Originating Board recolorado
Year Built 1947
Annual Tax Amount $3,328
Tax Year 2021
Lot Size 0.340 Acres
Acres 0.34
Property Description
Very rare single family home with Triplex (3-unit)/ADU overlooking Bates Park in Englewood. Rent all of the property (home and ADU's) to generate over $70,000 gross revenue per year (estimated) or live in the primary, fully updated main home and enjoy income approaching $3000/month from the ADU's. The main home has been remodeled and updated in 2022. The home is in great shape and features a modern kitchen with granite countertops, a charming living room with fireplace, three bedrooms and updated bath on the main level. Downstairs has a large family room with fireplace and efficiency kitchen, two bedrooms, one bath, laundry room and storage. Downstairs bedrooms are non-conforming. The main house has in the past been rented as three separate units in addition to the ADU's. The ADU's form a side by side triplex. Each is 350 square feet in size and have a living room, kitchen, bedroom, 3/4 bath, evaporative coolers and a shared yard. Two of the three ADU's have been recently remodeled. All three ADU's are currently rented with long term tenants on month to month leases. There is off-street parking for five cars between the main house and the ADU's. This property and it's unique rental setup has been grandfathered in by the City of Englewood which recognizes six rental units on the property. The rental values reflect anticipated current rental value of each of the structures based on recent updates to the property and current rental market conditions as confirmed by a local property management company.
Location
State CO
County Arapahoe
Zoning R-1-C
Rooms
Basement Finished, Full, Interior Entry
Main Level Bedrooms 3
Interior
Interior Features Breakfast Nook, Eat-in Kitchen, Granite Counters, Smoke Free
Heating Forced Air
Cooling None
Flooring Carpet, Tile, Wood
Fireplaces Number 2
Fireplaces Type Family Room, Living Room
Fireplace Y
Appliance Dishwasher, Disposal, Gas Water Heater, Oven, Range, Range Hood, Refrigerator
Exterior
Fence Partial
Utilities Available Electricity Connected, Natural Gas Connected
Waterfront Description Stream
Roof Type Composition
Total Parking Spaces 5
Garage No
Building
Lot Description Near Public Transit
Story One
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Brick, Frame
Schools
Elementary Schools Charles Hay
Middle Schools Englewood
High Schools Englewood
School District Englewood 1
Others
Senior Community No
Ownership Individual
Acceptable Financing Cash, Conventional, Jumbo, Other
Listing Terms Cash, Conventional, Jumbo, Other
Special Listing Condition None
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
© 2024 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Bought with Denver Fine Properties LLC
Making real estate fun, simple and stress-free!