7100 Stuart St Westminster CO 80030

Description

Presenting the next cash-flowing asset for your real estate portfolio, 7100 Stuart Street! A rare investment opportunity awaits in this fully leased quadplex. Boasting a current rental license renewed in 2025 and in good standing with the City of Westminster, this property features a solid rental history with very little to no vacancy. Each of the four units has been updated with new carpeting and paint in the past 2 years while the first unit has been flipped with new LVP flooring, fresh paint and a new sliding door. Units three and four feature recently stained decks while units one and two offer private patios. Digital locks have been added to the main entry, laundry and utility rooms for security and convenience. Coin-operated laundry provides an additional income source. Upgrades include a new flat roof on the entry, newer exterior paint and a new thermal expansion tank for water heaters. Most of the units have newer, stainless-steel appliances. Most of the windows in the building have been replaced with new, double-paned vinyl windows and new screens. Off-street parking is available for 10 vehicles in the recently paved parking lot. Located near Hidden Lake, Standley Lake and Little Dry Creek Trail, this property sits just 1.3 miles from the RTD Westminster station. Don't miss your opportunity to own this professionally managed, cash flowing asset! Unit 4 is vacant intentionally for showings and available for owner occupied buyers. Property currently performs at OVER a 6.3% CAP RATE!!! Tenants pay all utilities through a utility fund, property manager collects $150 per month/per unit to cover utilities. No owner carry or creative financing calls or offers - Please.