6651-6671 E 63rd Place
BACK ON MARKET! 12 Units Built in 1999; 7.65% Actual CAP Rate! Reduced Price
Marketing description
6651-6671 E 63rd Place at 6651, 6661 & 6671 E 63rd Place, Commerce City, CO 80022 is a rare opportunity to acquire a 12-unit multifamily asset comprised of (3) individually deeded fourplexes in one of Metro Denver’s fastest-growing submarkets. Built in 1999, the property features all large 3-bedroom/1-bath units, offering an attractive unit mix for today’s renter demand.
This well-maintained investment offers a compelling 7.65% current cap rate and benefits from a strong operating history with just 1.13% vacancy over the last 12 months. Recent capital improvements include newer roofs, exterior paint, and furnaces, while each unit is equipped with washer/dryer hookups, a dedicated furnace, and hot water heater. Tenants also enjoy large private backyards and convenient parking.
Ideally positioned with quick access to I-270, Downtown Denver, and Denver International Airport, this offering combines durable cash flow with future flexibility, including the potential to sell each fourplex individually as an exit strategy.
Investment highlights
•$150,000 Price Reduction
• 7.65% Current CAP Rate!
• (3) Individually Deeded 4-Plexes
• All Large, 3Bd/1Ba Units
• Rare, 1999 Year of Construction
• Strong Rental History: Just 1.13% Vacancy in Last 12 Months
• Recent Capital Improvements Include Newer: Roof, Exterior Paint & Furnaces
• Strong Historical Occupancy
• Washer/Dryer Hookups, Furnace & Hot Water Heater Dedicated to Each Unit
• New Roof & Exterior Paint
• Future Exit Strategy: Sell Each 4-Plex Individually
• Large, Private Backyards
• Quick Access to I-270, Downtown Denver and Denver International Airport
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