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6580 W 38th Avenue

Wheat Ridge, CO 80033
  • $3,600,000
  • STATUS: Active
  • ON SITE: 16 Days
  • ID#: 5954423
UPDATED: 32 min ago
$3,600,000
  • 0
    BEDS
  • 1.09
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 9,900
    SQFT
  • $364
    $/SQFT
Type:
Commercial
Built:
1955
County:
Area:

School Ratings & Info

REcolorado logo Offered by Capital Property Group Llc.

Description

AMAZING OPPORTUNITY FOR A FLIP! The city will approve subdividing this parcel and selling the buildings off individually. They will require asphalt and concrete work to be done - Including the continuation of the sidewalk around the property. Quotes for this were between $200,000 and $250,000. The resale value of these divided parcels is easily over $5,600,000, making this a quick flip for over $1,600,000 profit. All residential areas are 100% occupied - The owners do not want to disturb their tenants until we have a purchase agreement. Additional pictures may be provided upon request. Please click the link for the complete Offering Memorandum for a breakdown of income, expenses, and comparables:

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Licensed in the State of Colorado, USA

The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (IDX) program of METROLIST, INC., DBA RECOLORADO®. Real estate listings held by brokers other than The Peak Properties Group are marked with the IDX Logo. This information is being provided for the consumers’ personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

1. This publication is designed to provide information regarding the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

2. The information contained in this publication is subject to change without notice. METROLIST, INC., DBA RECOLORADO MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC., DBA RECOLORADO SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

3. PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.

4. METROLIST, INC., DBA RECOLORADO will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.

5. ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. The information contained herein including but not limited to all text, photographs, digital images, virtual tours, may be seeded and monitored for protection and tracking.

REcolorado logo © 2022 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved 6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA

www.soldbypeak.com/homes/131478242
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6580 W 38th Avenue Wheat Ridge, CO 80033

  • Price: $3,600,000
  • Status: Active
  • On Site: 16 Days
  • Updated: 32 min ago
  • ID#: 5954423
0
Beds
0
Baths
0
½ Baths
1.09
Acres
9,900
SQFT
$364
$/SQFT
1955
Built
County:
Jefferson
Area:
Wheat Ridge
Property Description
AMAZING OPPORTUNITY FOR A FLIP! The city will approve subdividing this parcel and selling the buildings off individually. They will require asphalt and concrete work to be done - Including the continuation of the sidewalk around the property. Quotes for this were between $200,000 and $250,000. The resale value of these divided parcels is easily over $5,600,000, making this a quick flip for over $1,600,000 profit. All residential areas are 100% occupied - The owners do not want to disturb their tenants until we have a purchase agreement. Additional pictures may be provided upon request. Please click the link for the complete Offering Memorandum for a breakdown of income, expenses, and comparables:
Exterior Features

Architectural Style TraditionalLow Rise Attached Garage YN No Carport Spaces 0 Carport YN No Covered Spaces 0 Exterior Features Sprinkler/Irrigation Garage YN No Lot Features Sprinklers In RearSprinklers In FrontLandscapedNear Public Transit Lot Size Area 1.09 Lot Size Square Feet 47480 Parking Features AsphaltDrivewayGravel Parking Total 31 Road Frontage Type Public Road Road Surface Type GravelPaved Roof ArchitecturalShingle Structure Type Low Rise

Interior Features

Laundry Features Coin-OperatedLaundry Room Levels Two

Property Features

Association Amenities Bike Storage Construction Materials BrickConcreteStucco Electric 110 Volts220 Volts Lease Considered YN No Listing Terms CashConventional Possession Immediately Property Sub Type Retail Security Features Smoke Detector(S) Sewer Public Sewer Tax Annual Amount 13333 Tax Year 2021 Utilities Cable AvailableElectricity ConnectedNatural Gas ConnectedHigh Speed Internet AvailablePhone AvailableSewer Connected Water Source PublicWell Zoning C20

REcolorado logo Listing courtesy of Capital Property Group Llc:(303) 502-7333. MLS #5954423


Licensed in the State of Colorado, USA

The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (IDX) program of METROLIST, INC., DBA RECOLORADO®. Real estate listings held by brokers other than The Peak Properties Group are marked with the IDX Logo. This information is being provided for the consumers’ personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

1. This publication is designed to provide information regarding the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

2. The information contained in this publication is subject to change without notice. METROLIST, INC., DBA RECOLORADO MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC., DBA RECOLORADO SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

3. PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.

4. METROLIST, INC., DBA RECOLORADO will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.

5. ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. The information contained herein including but not limited to all text, photographs, digital images, virtual tours, may be seeded and monitored for protection and tracking.

REcolorado logo © 2022 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved 6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA

 
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The Peak Properties Group
191 University Blvd. #319
Denver CO, 80206
REcolorado logo Offered by Capital Property Group Llc.