United StatesColoradoEnglewood6380 S Boston Street

6380 S Boston Street
6380 S Boston Street Englewood, Colorado 80111 United States

$3,500,000
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**See Supplements section for Investment Summary and 2019-2021 Financials. Also, reference other relevant docs incl HOA info and condo map****3D Tour of Standard Suite: https://my.matterport.com/show/?m=euKhkWEqUtB&mls=1** **3D Tour of Renovated...
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Listing Courtesy of Greenwood Estates Realty LLC
Contract Pending
$3,500,000
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Single Family Homes
Property type
1988
Year Built
5997590
Web Id
5997590
MLS ID
Cherry Creek 5
School District
This Property is Currently Contract Pending

About 6380 S Boston Street

**See Supplements section for Investment Summary and 2019-2021 Financials. Also, reference other relevant docs incl HOA info and condo map****3D Tour of Standard Suite: https://my.matterport.com/show/?m=euKhkWEqUtB&mls=1** **3D Tour of Renovated Suite: https://my.matterport.com/show/?m=EvGZt3nxP2N&mls=1****Drone Video: http://dtcinvestment.com/**22 fully furnished executive rentals in the Boston Commons condominium complex with historically strong occupancy and experienced onsite property manager. 22 leasable units include 12 suites (1 bd/1 bath) and 10 studios (0 bd/1 bath). Studios rent for $1.3-$1.4K/mo & Suites rent for $2.1K-$2.3K/mo. Avg monthly revenue is $33K with 7% cap rate. Units can also be rented long-term or nightly (Airbnb/VRBO/Expedia). Exclusive use of HOA clubhouse lobby, offices, and laundry facility. Many amenities covered by Master HOA including snow removal, pool, clubhouse, and gym. Located right off Arapahoe Rd & I-25 in the heart of the DTC. 15 minute walk from Light Rail at Arapahoe Station and Fiddler's Green Amphitheatre. 10 minute walk from shopping centers, including Starbucks, REI, Chick-fil-A, & Target. 5 minute walk to Greenwood Village parks and trail system. Financials available only after serious interest/offer is presented. Please note: 21 units are deeded and 1 unit has an exclusive right to use via a transferrable long-term lease. See Investment Summary in Supplements for more detail.

Listing Courtesy of Greenwood Estates Realty LLC, Recolorado MLS

Amenities

  • Balcony
  • Fitness Center
  • Storage

features

lot description
Wood Siding
Style
Traditional
Additional Listing Type
In Contract

PROPERTY INFORMATION

Garage Info
0
Sewer
Public Sewer
Style
Traditional

EXTERIOR

Construction
Wood Siding
Exterior Features
Balcony, Lighting
Roofing
Composition

ADDITIONAL INFORMATION

Number of Units
22
Listing Courtesy of Greenwood Estates Realty LLC
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Listing Courtesy of Greenwood Estates Realty LLC
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