6764 West Cedar Place
6764 West Cedar Place
For Sale By Owner
For Sale By Owner
Description
9.3% CAP - which is currently more than DOUBLE the Treasury Rate 2 bed 1 bath
Current lease runs through May 2023 for $1600/mo (they pay on-time + in cash)
HOA $250/mo INCLUDES: heat, water, electricity, reserved parking space, lawn care, snow removal, sewer + trash
Coin Laundry on-site (HOA is putting in brand-new coin boxes)
Close to Public Transit / Grocery / Belmar Shopping...Buy & hold investors! Hits the 1% rule (has been difficult to find a DEAL like this in the Denver Metro over past few years)
9.3% CAP - which is currently more than DOUBLE the Treasury Rate 2 bed 1 bath
Current lease runs through May 2023 for $1600/mo (they pay on-time + in cash)
HOA $250/mo INCLUDES: heat, water, electricity, reserved parking space, lawn care, snow removal, sewer + trash
Coin Laundry on-site (HOA is putting in brand-new coin boxes)
Close to Public Transit / Grocery / Belmar Shopping District / Home Depot
Property Taxes $876/yr
Window Air conditioner units
Baseboard heater
Stove, Refrigerator, Microwave
Recently re-painted interior
Low maintenance brick exterior
Lower level unit
Non-warrantable condo (meaning no FHA loans allowed - most units in complex are rentals)
I have a $1600 security deposit that will be transferred to new owner upon closing
I am looking to sell it to someone who will honor the current lease in place which runs through May 2023. We are under the impression that the current tenants would probably like to continue living there if you would allow them. They have been easy renters. I recently purchased this condo as a buy and hold investment, and planned to keep for many years as long as rent prices were hitting the 1% rule (OR MORE), and eventually remodel and sell as a flip, plus capture some appreciation from simply holding. I am ONLY selling this condo because very shortly after we purchased this investment property, we ending up finding a Primary Residence for ourselves that needs quite a bit of work, and we have decided to put the $160k that we originally invested into this 9.3% CAP - into the remodels for our family home. I'd love to keep it in my portfolio, but unfortunately, we've determined we have to list in order to make ends meet. My loss, your gain. Hope someone sees the potential here for a solid place to invest your money right now during this market. Mailbox money never looked so easy!
Amenities
- Laundry
- Microwave
- Refrigerator
- Stove
Location
Property Details for 6764 West Cedar Place
| Status | Active |
|---|---|
| MLS # | 11484202 |
| Days on Compass | 532 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Condo |
| MLS Type | Condo |
| Year Built | 1963 |
| County | Jefferson County |
Location
Building Information for 6764 West Cedar Place
Payment Calculator
$939 per month
30 year fixed, 7.25% Interest
$873
$66
$0
Property Information for 6764 West Cedar Place
- Garage Carsize: 2
- Lotsize: 0.0
- Year Built: 1963
- Quarter Baths: 0
- Halfbaths: 0
- Threequarterbaths: 0
- Fullbaths: 1
- Bedrooms: 2
Property History for 6764 West Cedar Place
| Date | Event & Source | Price | Appreciation |
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| Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 6764 West Cedar Place
Schools near 6764 West Cedar Place
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 6 | |||
| Public - | 7 to 12 | |||
| Charter - | 9 to 12 | |||
| Charter - | PK to 6 |
Rating | School | Distance |
|---|---|---|
Rose Stein International Elementary PublicPK to 6 | ||
Alameda International High School Public7 to 12 | ||
New America School Charter9 to 12 | ||
Great Work Montessori CharterPK to 6 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Based on information from one of the following Multiple Listing Services: REColorado, Summit MLS Inc (a wholly owned subsidiary of Summit Association of REALTORS), Pikes Peak Association of Realtors, IRES, Grand Junction Area REALTOR, CREN, Vail Board of REALTORS and Grand County Board of REALTORS . Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by REColorado, Summit MLS Inc (a wholly owned subsidiary of Summit Association of REALTORS), Pikes Peak Association of Realtors, IRES, Grand Junction Area REALTOR, CREN, Vail Board of REALTORS and Grand County Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.
