7740 Idlewild Street

7.67% CAP - NEW PRICE and FULLY LEASED! - 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 7.67% cap rate, with pro forma projections over 8.00% cap (includes vacancy and management allowances)
* Current Returns at 9.9% Pro forma Total Returns achieving 10.9% 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