523 S Sherman Street

    Byers, CO 80103
    • $410,000
    • STATUS: Active
    • ON SITE: 108 days
    • ID#: 2649821
    UPDATED: 68 min ago
    $410,000
    • 10
      BEDS
    • 1.73
      ACRES
    • 6
      BATHS
    • 0
      1/2 BATHS
    • 4,196
      SQFT
    • $98
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1970
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Offered by Cobalt Realty Partners Inc.

    Description

    RENT HAS INCREASED THIS YEAR BY 6600/year - RISING THE CAP RATE TO 12% --Enormous Income Opportunity and MORE. This 1.7 acre property has 4 mobile and manufactured homes - 3 are rentals and one is owner occupied. The owner occupied unit can be rented or be the primary residence of the new buyer; 4 beds/2 full baths - Master Suite with 5 piece bath. The land is zoned residential and commercial - offering tons of room to grow; possibly adding more units and/or a business. There is plenty of room for toys; boats, RV's, Tractor Trailers etc. There is a large barn with 2 car parking and a workshop. This property offers small town living with easy access to downtown Denver via I-70. Byers, Colorado is just an hour East of Denver; a small and quiet community in unincorporated Arapahoe county. Please ask your realtor to provide you with the UPDATED property supplements. DO NOT DRIVE ONTO THE PROPERTY

    Monthly Payment Calculator



    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 Wisdom Real Estate 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.

    © 2018 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved 6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA

    www.wisdomrealestate.com/homes/81180889

    523 S Sherman Street Byers, CO 80103

    • Price: $410,000
    • Status: Active
    • Updated: 68 min ago
    • ID#: 2649821
    10
    Beds
    6
    Baths
    0
    ½ Baths
    1.73
    Acres
    4,196
    SQFT
    $98
    $/SQFT
    1970
    Built
    Neighborhood:
    Town Of Byers - 2634
    County:
    Arapahoe
    Area:
    Byers
    Elementary School:
    Byers Public School
    Middle School:
    Byers Public School
    High School:
    Byers Public School
    School District:
    Byers 32-J
    Property Description
    RENT HAS INCREASED THIS YEAR BY 6600/year - RISING THE CAP RATE TO 12% --Enormous Income Opportunity and MORE. This 1.7 acre property has 4 mobile and manufactured homes - 3 are rentals and one is owner occupied. The owner occupied unit can be rented or be the primary residence of the new buyer; 4 beds/2 full baths - Master Suite with 5 piece bath. The land is zoned residential and commercial - offering tons of room to grow; possibly adding more units and/or a business. There is plenty of room for toys; boats, RV's, Tractor Trailers etc. There is a large barn with 2 car parking and a workshop. This property offers small town living with easy access to downtown Denver via I-70. Byers, Colorado is just an hour East of Denver; a small and quiet community in unincorporated Arapahoe county. Please ask your realtor to provide you with the UPDATED property supplements. DO NOT DRIVE ONTO THE PROPERTY
    Exterior Features

    Architectural Style Other Construction Materials Other Construction Methods ManufacturedMobile Exterior Features Yard Parking Reserved (4 Spaces) Carport (Detached) (2 Spaces) Recreational Vehicle (20 Spaces) Parking Features Driveway-DirtIndoor Rv StorageOversized DeepOversized Wide Parking Total Searchable 26 Road Surface Dirt RoadEasement Roof Other Site Features Adjacent To Open Space Storage Units Number Of 2 Unit Access Exterior Access

    Interior Features

    Basement Size None Cooling Air Conditioning-RoomEvaporative Cooler (Swamp) Heating Forced Air Heating Fuel Gas Laundry Availability W/D Hookups in UnitWasher/Dryer Included Per Unit Features Assigned Parking Sq Ft Above 4196 Sq Ft Finished 4196

    Property Features

    Additional Information Income PotentialQuick PossessionTenant Occupied Annual Expense Actual 7463 Annual Expense Proj 7463 Annual Income Actual 36300 Annual Income Proj 57900 Annual Net Income Actual 28837 Annual Net Income Proj 50437 Building Area Source County Records Building Type Other Business Type Mixed Use Capitalization Rate 12.00 Capitalization Rate Calculation See Supplements For Rental Has Hoa YN No Has Multiple Hoas YN No Is Incorporated YN No Listing Financing CashPrivate Financing Owner Paid Utilities ElectricityGasMaintenanceTrashWater Potential Rental Income Annual 57900 Real Estate Taxes 692 Reports Available EasementsLeasesLocation MapRental AverageUtility Average Seller Type Individual Site Type Caretaker / Multiple Homes AllowedLive/Work (Mixed Use)Mobile Homes AllowedModulars Allowed Status Conditions None Known Tax Amount 692.00 Tax Year 2016 Transaction Type For Sale Unit Count 4 Zoning Residential & Commercial



    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 Wisdom Real Estate 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.

    © 2018 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved 6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA

     
    Wisdom Real Estate
    3924 East 7th Avenue Parkway
    Denver CO, 80206
    Offered by Cobalt Realty Partners Inc.