7740 Idlewild St
Commerce City, CO 80022
- 8 beds
- 4 baths
- 3,638 sqft
- ~1/2 acre lot
- $329 per sqft
- 1976 build
- – on site
Remodeled 4-Unit Investment with Development Upside | Strong Cash Flow + Value-Add Potential This is a rare opportunity to acquire two fully separate duplexes with huge detached garage on a combined double lot in under-the-radar, high-demand Commerce City. Offering immediate income, long-term upside, and flexible development potential. Three units renovated and value-add renovation potential on fourth unit. All units fully leased and stable. Individually metered, all with laundry hookups. __Strong Financials & Cash Flow__ * Offered as-is at a 6.5% cap rate, with pro forma projections almost 7.2% cap (includes vacancy and mgmt allowances) * Pro forma Total Returns achieving 9.5% based on typical investment loan terms (detailed pro forma available) * All units currently filled, rented below market, providing immediate upside through rent adjustments * Four detached storage units on-site offer additional income potential * Stable rent history with consistent increases over time __Development Potential on Nearly Half an Acre__ * Zoned R-3 with lot size of .4545 acres * Each building has separate sewer mains, providing critical infrastructure for future development * Expansive side yards and an enormous unused rear lot open the door for increased density or phased development * Ideal for investors to rent one building while developing the other, leveraging existing cash flow to fund expansion * Perfect for a buy-and-hold strategy, combining immediate income stability with appreciation potential __Low-Maintenance Asset with Curb Appeal__ * Durable stucco exteriors, quality roof, and xeriscaped front yard reduce operating costs * Tenant-maintained backyard minimizes owner responsibilities * Full front privacy fence enhances aesthetics and tenant satisfaction * Clean and easy to lease, low maintenance tenants Agent has interest
Last checked:
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Last updated Apr 9, 2025
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MLS# 2940083 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1976
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New Construction:false
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Construction Materials:Stucco
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Architectural Style:Ranch
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Building Area Total:3638
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Total SqFt:3638
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Roof:Composition
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Foundation Details:Slab
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Levels:One
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Stories:1
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# of Units Total:4
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Direction Faces:Northwest
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Above Grade Finished Area:3638
Room Dimensions
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Living Area:3638
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Living Area Units:Square Feet
Financial & Terms
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Listing Terms:Cash
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Tenant Pays:Gas
Location
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Coordinates:-104.921684, 39.837112
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Latitude:39.837112
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Longitude:-104.921684
The Property
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Property Type:Residential Income
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Property Subtype:Income Property
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Lot Size Acres:0.45
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Lot Size SqFt:19602
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Lot Size Area:19602
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Lot Size Units:Square Feet
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Zoning:R-3
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Exclusions:Tenants personal property
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Horse:false
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Fencing:Fenced
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Water Source:City Water
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Waterfront:false
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Road Surface Type:Gravel
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Year:2024
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Tax Annual Amount:4367
Beds
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Bedrooms Total:8
Baths
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Total Baths:4
The Listing
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Special Listing Conditions:Other Owner
Heating & Cooling
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Cooling:Room Air Conditioner
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Cooling:true
Utilities
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Utilities:Natural Gas Available
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Gas:Natural Gas, Separate Meter Gas
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Electric:Separate Meter Electricity
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Sewer:City Sewer
Appliances
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Appliances:Dishwasher
Schools
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Elementary School:Dupont
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Middle Or Junior School:Adams City
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High School:Adams City
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High School District:Adams 14
The Community
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Subdivision Name:Peak Investments
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Association:false
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Spa:false
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Senior Community:false
Parking
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Garage:true
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Attached Garage:false
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Garage Type:Carport
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Garage Spaces:4
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Covered Spaces:4
Extra Units
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Bedrooms Unit 1:2
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Total Baths Unit 1:1
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
4/9/25
Apr 9, 2025
|
Listed / Active | IRES | $1,198,000 |
