1291 W 3rd Ave new Save Request In-Person Tour Request Virtual Tour
Broomfield,CO 80020
Key Details
Property Type Single Family Home
Sub Type Income Property
Listing Status Active
Purchase Type For Sale
Square Footage 2,531 sqft
Price per Sqft $306
Subdivision Broomfield Heights
MLS Listing ID 6963644
Bedrooms 4
Year Built 1960
Annual Tax Amount $3,547
Lot Size 7,840 Sqft
Property Sub-Type Income Property
Property Description
Turnkey 4-plex in the heart of Broomfield, ideally positioned between Boulder (15 min) and Downtown Denver (25 min). Priced at $775,000, this fully leased value-add opportunity features four 1BR/1BA units, a detached 4-car garage, and additional income from laundry, utility reimbursements (RUBS), and potential garage storage rental. Currently producing a 6.57% cap rate with proforma upside to 7.45% through light renovations, maximizing garage potential and rental increases. Strong local demographics and proximity to Interlocken Business Park, Broomfield Community Park, and the future Northwest B-Line Light Rail enhance long-term value and rent demand. Investors will appreciate the rare sub-$800K multifamily opportunity in a highly desirable, growth-oriented corridor. Please reach out to Luke Salazar at 303-962-9534, LSalazar@PinnacleREA.com with any questions.
Location
State CO
County Broomfield
Area Broomfield
Zoning R-5
Interior
Heating Baseboard
Laundry Common Area
Exterior
Garage Spaces 4.0
Roof Type Fiberglass
Building
Story 2
Sewer City Sewer,Public Sewer
Water City Water
Structure Type Brick/Brick Veneer
New Construction false
Schools
Elementary Schools Emerald
Middle Schools Aspen Creek K-8
High Schools Broomfield
School District Boulder Valley Re 2
Others
Special Listing Condition Private Owner