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Archived over 3 years ago

$800,000

rooms 1 ba

480 N 6th Avenue, Brighton, CO 80601

Multiple Occupied Needs Repairs

Current Rent **

$2,000

Projected Rent **

$3,000

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

HUGE POTENTIAL!

This property is only limited by your imagination! This double lot features a 3bed/1 bath home, a dance studio (which was the first bar in Brighton) and an additional lot currently used for parking. One idea is to build another home/duplex on the extra lot. The dance studio and home are rented month to month. Lots of ways for a homeowner or investor to expand and add more rentals to this property.

Great deal for an investor, fix up home, make dance studio into ADU and build on extra lot. Well on property for water use. Must call realtor for any showings, they will be limited and must show pre-qualification before showing. Rents below what they should be

Location:

480 N 6th Avenue, Brighton, CO 80601

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.