9030 Elm Court

Denver, CO 80260
Beds
6
Square Ft.
2,769
$825,000
TRIPLEX! Outstanding turnkey investment opportunity! Use it as your primary residence while you collect rent to pay your mortgage or purchase this triplex as an investment! This updated, fully occupied triplex in Federal Heights offers immediate rental income. The property consists of a duplex at 9050-1 and 9050-2 and aRead MoreRead Less
Market LogoCourtesy of Baron Enterprises Inc [email protected]
Listing Snapshot
Days Online
40
Last Updated
Property Type
Triplex
Beds
6
Square Ft.
2,769
Lot Size
0.28 Acres
Year Built
1963
MLS Number
5690882
30 Days Snapshot Of 80260
$392k
+10%
(avg) sold price
20
-25%
homes sold
80
-12%
(avg) days on market
Snapshot
Area Map
Additional Details
Home Owner's Association
Association Fee 3 Annual Expense: 0.00, Association Fee Total Annual: $0, Association Fee Annual: 0.00, Association Fee 2 Annual Expense: 0.00
Appliances & Equipment
Cooktop, Dishwasher, Disposal, Dryer, Microwave, Oven, Range, Range Hood, Refrigerator, Washer
Basement
Basement, Finished
Building
Above Grade Finished Area: 1857, Architectural Style: Mid-Century Modern, Below Grade Finished Area: 912, Common Walls: Something Above, Something Below, Construction Materials: Brick, Frame, Wood Siding, Levels: One, Living Area: 2769, Occupant Type: Tenant, Structure Type: Triplex, Total Area: 2769, Unit Count: 3, Unit Types: Array, Array, Array, Built in 1963
Cooling
Cooling: Other
Disclosures
Exclusions: Boiler replaced in 2016. Serious Buyers only for showings which will be held 1 x a week at a specific time with tenant approval. *There is a security camera on one unit which is the tenants camera not the owners. 9030 sq ft was provided by the owner but has not been measured by the listing agent or verified, Buyer to independently verify all square footage's* Gross Rental Income: Total Monthly Rent: $1,595 + $1,745 + $1,395 = $4,735/month Gross Annual Income: $4,735 × 12 = $56,820/year Operating Expenses Water, sewer, trash, and grounds maintenance: $300/month Annual: $300 × 12 = $3,600/year (NOI) $56,820 - $3,600 = $53,220/year Cap Rate Cap Rate = NOI ÷ Purchase Price $53,220 ÷ $875,000 = 0.0608, or 6.08% Gross Annual Income: $56,820 Annual Operating Expenses after updates are averaged (provided): $3,600 - no more needed updates at this time as the property is in excellent condition. 9050-1 lease ends 06.29.2027 9050-2 lease ends 9.31.26 9030 lease ends 11.30.2026
Expenses
Operating Expense: $3,600
Exterior Features
Features: Private Yard, Rain Gutters, Patio And Porch Features: Front Porch, Patio
Fence
Fencing: Partial
Floors
Flooring: Laminate, Tile
Foundation
Foundation Details: Block, Slab
Heating
Heating: Baseboard
Income
Gross Income: $56,820
Laundry
Features: Common Area
Lot
Acres: 0.28, Area: 12054, Features: Corner Lot, Parcel Number: R0050157, Square Feet: 12054
Energy Saving
Green Verification Count: 0
Owner Pays
Owner Pays: Grounds Care, Trash Collection, Water, Ownership: Corporation/Trust
Parking
Parking Total: 6, Carport Spaces: 0, Offstreet Spaces: 6, Reserved Spaces: 0, RV Spaces: 0, Parking Count: 1
Property
Livable Structure Count: 1, Out Building Count: 0, Property Condition: Updated/Remodeled, Property Sub Type: Triplex
Roof
Roof: Composition
Sewer
Sewer: Public Sewer
Taxes
Annual Amount: 3293, Legal Description: SUB:JANA LEE SUBD BLK:2 LOT:1, Tax Year: 2025
Tenant Pays
Tenant Pays: Electricity, Internet
Utilities
Power Production Count: 0, Utility Metering: Common Water, Water Source: Public
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Listings courtesy of METROLIST, INC., DBA RECOLORADO® as distributed by MLS GRID, based on information submitted to the MLS GRID as of . Information is provided exclusively for consumers' personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may be listed or sold by various participants in the MLS, who may not be the office/agent presenting the information.