6380 S Boston Street, Englewood, CO 80111

$3,500,000
List Price
$3,500,000
Type
Multifamily
Status
PENDING
MLS Number
5997590
Total Sqft
9780
Year Built
1988

Property Description

**See Supplements section for Investment Summary and 2019-2021 Financials. Also, reference other relevant docs incl HOA info and condo map** **3D Tour of Standard Suite: https://my.matterport.com/show/?m=euKhkWEqUtB&mls=1** **3D Tour of Renovated Suite: https://my.matterport.com/show/?m=EvGZt3nxP2N&mls=1** **Drone Video: http://dtcinvestment.com/** 22 fully furnished executive rentals in the Boston Commons condominium complex with historically strong occupancy and experienced onsite property manager. 22 leasable units include 12 suites (1 bd/1 bath) and 10 studios (0 bd/1 bath). Studios rent for $1.3-$1.4K/mo & Suites rent for $2.1K-$2.3K/mo. Avg monthly revenue is $33K with 7% cap rate. Units can also be rented long-term or nightly (Airbnb/VRBO/Expedia). Exclusive use of HOA clubhouse lobby, offices, and laundry facility. Many amenities covered by Master HOA including snow removal, pool, clubhouse, and gym. Located right off Arapahoe Rd & I-25 in the heart of the DTC. 15 minute walk from Light Rail at Arapahoe Station and Fiddler's Green Amphitheatre. 10 minute walk from shopping centers, including Starbucks, REI, Chick-fil-A, & Target. 5 minute walk to Greenwood Village parks and trail system. Financials available only after serious interest/offer is presented. Please note: 21 units are deeded and 1 unit has an exclusive right to use via a transferrable long-term lease. See Investment Summary in Supplements for more detail.

Additional Information

Style
Traditional, LowRise
Zoned
AMU
Contstruction
Wood Siding
Taxes
$14,859
Tax Year
2019

Courtesy of Greenwood Estates Realty LLC

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