12778 W 31st Avenue Wheat Ridge, CO $ 915,000
12778 W 31st Avenue
$ 915,000
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12778 W 31st Avenue

Wheat Ridge, CO, 80215
$ 915,000
Bedrooms8 Baths4.0 Sq 3,584

Monthly Estimate*

$ 6,392

Listed by HomeSmart
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Multi-Family Home for sale in Wheat Ridge, CO

for $915,000 with 8 bedrooms and 4 full baths. This 3,584 square foot home was built in 1962 on a lot size of 0.31.

PRICED REDUCED, SELLER SAYS MAKE AN OFFER, ALL OFFERS WILL BE CONSIDERED. This is an excellent opportunity to own a brick 4-unit multifamily money-making machine. This property has a solid rental history. The seller, though they have never lived there, has maintained the property with much pride of ownership. This exceptional opportunity is located in the desirable Wheat Ridge area of town. Its location leads to easy access to I-70 and all its connections east and west. Quick access to Denver, Downtown, and the mountains. The property’s position in the community is situated close to transportation, shopping, groceries, eateries, churches, and banking. Yes, the dwellings are completely occupied, and the tenants are very happy. Each unit has a fenced yard, granite counters, and the 2 lower units have new cabinets. One upper-level unit has refinished cabinets. The updated electrical service have been split into 2 panels. Yes, tenants pay the gas, electric & trash. There is off-street parking for all 4 units. 12780 has had the same tenant for 10 years & control of the attached garage and storage area. Whether you are a savvy investor seeking immediate returns or just beginning your quest of a real estate portfolio, this one is worth serious consideration.

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Multi-Family Active

Price

$ 915,000

Bedrooms

8

Full Bath

4

Property Type

Multi-Family

Taxes

$ 5,013

Style

Contemporary

Lot Size

0.31

Year Built

1962

Town/City

Wheat Ridge

County/Region

Jefferson

MLS | Web ID

2168665

Features
General
Interior Features Ceiling Fan(s) Eat-in Kitchen High Speed Internet
Sewer Public Sewer
Heating Forced Air
Cooling None
Utilities Cable Available Electricity Connected Internet Access (Wired) Natural Gas Connected
Possession Rental Agreement Subject To Tenant Rights
Roof Composition
Appliances Dishwasher Disposal Oven Range Range Hood Refrigerator
Exterior Features Private Yard
Garage Spaces 1
Architectural Style Contemporary
Construction Materials Brick
Exclusions Tenant personal property
Year Built 1962
Tenant Pays Electricity Gas Internet Trash Collection Water
Levels One
Property SubType Quadplex
Tax Year 2023
Percent Ownership Corporation/Trust
Gross Income 84276
County Jefferson
Operating Expense 18984
Property Type Residential Income
HOA / Comm Assn N
Attached Garage Y
Subdivision Name Maple Grove
Status Active
Directions Use GPS
High School Wheat Ridge
City Wheat Ridge
Buyer Agent Compensation 2.5
Senior Community Y/N N
High School District Jefferson County R-1
Lot Size Square Feet 13484
Carport Spaces 0
Street Name 31st
Listing Terms Cash Conventional
Elementary School Kullerstrand
Tax Annual Amount 5013
Middle/Junior High School Everitt
Structure Type Quadruplex
Standard Status Active
Occupancy Description Tenant
Middle/Junior School District Jefferson County R-1
Elementary School District Jefferson County R-1
Cap Rate 6.3
Buyer Agent Compensation Type %
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Interior
Basement Finished
Flooring Carpet Laminate Tile Vinyl Wood
Common Walls End Unit
Basement (Y/N) Y
Above Grade Finished Area 1884
Street Suffix Avenue
Total Bedrooms 8
Below Grade Finished Area 1700
Total Baths 4
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Exterior
Fencing Full
Parking Features Concrete Driveway-Dirt Driveway-Gravel
Lot Features Corner Lot Level Near Public Transit
Water Source Public
Total Parking 8
Lot Size Area 13484
Building Area Total 3584
Lot Size Acres 0.31
Lot Size Units Square Feet
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Internal Only
Street Number 1 12778
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* Excluded Features
List By
Homesmart

Broker

(303) 906-0414

Phone

Affordability Calculator

$6,809
Per Month
94%
6%
0%
Monthly Principal & Interest
$6,392
Monthly Property Taxes
$418
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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Nearby
1955868 Elementary School
1955853 Middle School
Wheat Ridge High School High School
Pricing History
DatePricePrice ChangeDescription
4/22/2024$915,000 -3.68% Price Down
4/5/2024$950,000 -4.52% Price Down
3/29/2024$995,000 -3.40% Price Down
3/17/2024$1,030,000 Listed Price

Map


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12778 W 31st Avenue, Wheat Ridge, CO, 80215 is a Multi-Family Home for sale at $915,000 with 3,584 sqft and a lot size of 0.31. 12778 W 31st Avenue has 8 bedrooms, 4.0 baths, and was built in 1962. The property's zip code is 80215 which is in Wheat Ridge, CO