2970 Eliot Circle, Westminster, CO 80030

$674,900
3,518
SqFt
List Price
$674,900
Type
Single Family Residential
Status
ACTIVE
MLS Number
2241679
Finished Sqft
3,518
Above Grade Sqft
3518
Total Sqft
3518
Sub-Area
Twin Lakes
Year Built
1962

Property Description

Rent-o-meter rent estimate at $1,300 per unit produces a 6.3% cap rate. All units are in similar condition and same layout. Storage units and garage are currently rented for $185/mo combined. Rent for three occupied units is $3,440. Community laundry on lower level. Leases expire 4/30/20, 4/30/20 and 3/31/20. One vacant unit available for showing. Other units are in similar condition and same layout.

Income Estimate: $1300 x 4 + 185 = $5,940

Expense Estimate (24%) = $1,425

P&I Estimate: $2,565

Annual CF: $23,400

Cash on Cash of 13%
Cap Rate of 8%

Additional Information

Taxes
$3,124
School District
Westminster Public Schools
Elementary School
Skyline Vista
Middle School
Scott Carpenter
High School
Westminster
Garage Spaces
1
Parking Spaces
1
Parking Features
Lighted
Type
Quadruplex
Sewer
Public Sewer
Lot Size
11,630
Acres
0.27

Courtesy of Atlas Real Estate Group

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