7220 Newton Street Westminster, CO $ 1,000,000
7220 Newton Street
$ 1,000,000
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7220 Newton Street

Westminster, CO, 80030
$ 1,000,000
Baths0.0 Sq 3,920

Monthly Estimate*

$ 6,985

Listed by RE/MAX ALLIANCE
7220 Newton Street, Westminster, CO 80030 - Image 1
7220 Newton Street, Westminster, CO 80030 - Image 2
7220 Newton Street, Westminster, CO 80030 - Image 3
7220 Newton Street, Westminster, CO 80030 - Image 4
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7220 Newton Street, Westminster, CO 80030 - Image 7
7220 Newton Street, Westminster, CO 80030 - Image 8
Studio

Commercial Property for sale in Westminster, CO

for $1,000,000. This 3,920 square foot building was built in 1957 on a lot size of 0.37.

An excellent investment opportunity! Six units consist of 4 one bedroom units, and 2 two bedroom units. Five out of six units have had recent updates including new hardwood flooring, kitchen and bathroom countertops, fixtures, and some appliances. Each unit has a washer hookup, heating system, and separate gas and electric meters. The main sewer line was inspected and a portion was replaced. Clean-outs were also installed for an added convenience. Window have all been replaced recently! Don't miss this one!

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Commercial Contingent

Price

$ 1,000,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 6,296

Style

Mid-Century Modern

Lot Size

0.37

Year Built

1957

Town/City

Westminster

County/Region

Adams

MLS | Web ID

5167208

Features
General
Sewer Public Sewer
Utilities Electricity Connected Natural Gas Available Phone Available
Possession Subject To Tenant Rights
Roof Composition
Exterior Features Balcony
Zoning Multiple Units
Garage Spaces 0
Architectural Style Mid-Century Modern
Security Features Smoke Detector(s)
Construction Materials Brick Frame
Year Built 1957
Electric 110V
Tenant Pays Cable TV Electricity Gas
Stories 2
Property SubType Multi-Family
Tax Year 2022
Current Use Multi-Family
Gross Income 91200
County Adams
Operating Expense 22916
Property Type Commercial Sale
Attached Garage N
Contingency None Known
Status Pending
City Westminster
Buyer Agent Compensation 2.8
Total Units 6
Lot Size Square Feet 16200
Carport Spaces 0
Street Name Newton
Listing Terms Cash Conventional
Tax Annual Amount 6296
Leasable Area 3920
Lease Considered Y/N N
Structure Type Low Rise (1-3)
Standard Status Active Under Contract
Occupancy Description Tenant (Multiple)
Cap Rate 6.8
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Exterior
Parking Features Asphalt
Water Source Public
Total Parking 12
Lot Size Area 16200
Building Area Total 3920
Lot Size Acres 0.37
Road Surface Type Paved
Lot Size Units Square Feet
Road Frontage Type Private Road
Road Responsibility Private Maintained Road
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Interior
Street Suffix Street
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Internal Only
Street Number 1 7220
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* Excluded Features
List By
Re/Max Alliance

Broker

(303) 807-7082

Phone

Affordability Calculator

$7,510
Per Month
93%
7%
0%
Monthly Principal & Interest
$6,985
Monthly Property Taxes
$525
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
242254 Elementary School
242425 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/6/2024$1,000,000 Listed Price

Map


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7220 Newton Street, Westminster, CO, 80030 is a Commercial Property for sale at $1,000,000 with 3,920 sqft and a lot size of 0.37. 7220 Newton Street is a studio with 0.0 baths and was built in 1957. The property's zip code is 80030 which is in Westminster, CO