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Broomfield,CO 80020
Key Details
Property Type Multi-Family
Sub Type Quadruplex
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
Tax Year 2024
Lot Size 7,970 Sqft
Property Sub-Type Quadruplex
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
Zoning R-5
Interior
Heating Baseboard
Cooling None
Laundry Common Area
Exterior
Parking Features Oversized
Garage Spaces 4.0
Roof Type Shingle
Building
Lot Description Flood Zone
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
Elementary Schools Emerald
Middle Schools Aspen Creek K-8
High Schools Broomfield
School District Boulder Valley Re 2
Others
Acceptable Financing 1031 Exchange,Cash,Conventional,Other
Listing Terms 1031 Exchange,Cash,Conventional,Other
Special Listing Condition None