7740 Idlewild St Commerce City CO 80022

Description

Remodeled 4-Unit Investment with Development Upside | Strong Cash Flow + Value-Add Potential This is a rare opportunity to acquire two fully separate duplexes with huge detached garage on a combined double lot in under-the-radar, high-demand Commerce City. Offering immediate income, long-term upside, and flexible development potential. Three units renovated and value-add renovation potential on fourth unit. All units fully leased and stable. Individually metered, all with laundry hookups.

__Strong Financials & Cash Flow__ * Offered as-is at a 6.75% cap rate, with pro forma projections almost 7.43% cap (includes vacancy and mgmt allowances!) * Pro forma Total Returns achieving 9.9% based on typical investment loan terms (detailed pro forma available) * All units currently filled, rented below market, providing immediate upside through rent adjustments * Four detached storage units on-site offer additional income potential * Stable rent history with consistent increases over time

__Development Potential on Nearly Half an Acre__ * Zoned R-3 with lot size of .4545 acres * Each building has separate sewer mains, providing critical infrastructure for future development * Expansive side yards and an enormous unused rear lot open the door for increased density or phased development * Ideal for investors to rent one building while developing the other, leveraging existing cash flow to fund expansion * Perfect for a buy-and-hold strategy, combining immediate income stability with appreciation potential

__Low-Maintenance Asset with Curb Appeal__ * Durable stucco exteriors, quality roof, and xeriscaped front yard reduce operating costs * Tenant-maintained backyard minimizes owner responsibilities * Full front privacy fence enhances aesthetics and tenant satisfaction * Clean and easy to lease, low maintenance tenants

Agent has interest