UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 1,884 sqft
Subdivision Thornton Ridge Filing
MLS Listing ID IRE4732768
Bedrooms 2
HOA Fees $245/mo
HOA Y/N Yes
Year Built 1997
Annual Tax Amount $2,438
Tax Year 2024
Source ires
Property Description
Multifamily gem in the heart of Thornton! These well-maintained 4-units within the Thornton Ridge townhome complex offers a balanced mix of spacious layouts and strong rental performance, ideal for both seasoned investors and newcomers seeking reliable cash flow.
Property Breakdown:
2 units: 2 bed / 1.5 bath
2 units: 3 bed / 2 bath
Current rents: $2,100-$2,400 per month
Cap rate: 5-6%, with potential upside through light updates and rent optimization
Strong rental history: Consistent occupancy and long-term tenants. Seller can provide full rental history and detailed income documentation
Each home features comfortable living spaces, well maintained finishes in varying levels of updates, and private outdoor areas.
Whether you're looking to expand your portfolio or enter the Denver metro multifamily market, this portfolio offers immediate cash flow, proven stability, and future growth potential.
Current Rents: $2,100-$2,400/month
Cap Rate: 5-6%
Financials: Full rent roll and income verification available upon request
Location
State CO
County Adams
Community Thornton Ridge Filing
Area Metro Denver
Rooms
Basement Unfinished
Interior
Heating Forced Air
Cooling Central Air
Exterior
Parking Features Attached
Garage Spaces 1.0
View Y/N No
Roof Type Composition
Porch Deck
Garage Yes
Building
Sewer Public Sewer
Water City
Level or Stories Two
Structure Type Frame
New Construction false
Schools
Elementary Schools Stellar
Middle Schools Century
High Schools Adams Co. Dist 12
School District Adams Co. Dist 12
Others
Acceptable Financing Cash, 1031 Exchange
Listing Terms Cash, 1031 Exchange
Nearby Locations
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