7740 Idlewild St

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