BRADBURN WESTMINSTER, CO 80030

Features

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Facts

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Description

This is an REO, meaning this property has been foreclosed on because the owner couldn't meet their payments. The bank now owns this property. Most banks are not set up to own homes, and are often motivated to sell you the home at a discounted price.

This side-by-side duplex is a great investment that has tremendous upside potential. It is only three minutes from the Westminster Light Rail Station. It is also less than ten minutes from downtown Westminster. It is also less than five minutes from Westminster High School, Harris Park Elementary, VASA Fitness, Run Westy Run Food Truck Park, King Soopers, Walmart Super Center, and other dining/shopping options. The roof, appliances, and electrical are only TWO years old. The seller also did a spot repair on the sewer. Both units have new-ish vanities and toilets as well. Unit 7413 also has stainless steel appliances and LVP flooring that gives. The units are currently furnished and the furniture can be negotiated into the deal.The cap rate is based on Airbnb income. Based on a $1450/Unit/Mo. for a long-term rental, this is being sold at a little over a 5-cap. Rent Rolls are available in the supplemental documents as well as a Clear AVM appraisal by Clear Capital. This duplex is a fantastic buy hold property with long-term or short-term rental potential. It is currently utilized as an Airbnb.