2851 Eliot Circle Westminster, CO $ 1,275,000
2851 Eliot Circle
$ 1,275,000
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2851 Eliot Circle

Westminster, CO, 80030
$ 1,275,000
Baths0.0 Sq 4,800

Monthly Estimate*

$ 8,474

Listed by Kaufman Hagan
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Studio

Commercial Property for sale in Westminster, CO

for $1,275,000. This 4,800 square foot building was built in 1962 on a lot size of 0.17.

2851 Eliot Circle is a well located asset that holds potential for investors to raise rents and enjoy cash flow in the pleasant Denver suburb of Westminster. It is located on a quiet block along the convenient Federal corridor allowing quick access to both Downtown Denver and Boulder. The property offers a unique and diverse unit mix including 2 story apartment units. The property has been well maintained and upgraded by the current ownership allowing the next owner to add value through light interior cosmentic upgrades and rent increases. Please also contact brokers for the possibilty of owning a portfolio of nearby properties. County: Adams Year Built: 1962 # Buildings: 1 # Stories: 2 Construction: Masonry | Reinforced Concrete Roof Type: Pitched GBA: 4,800 SF Lot Size: 7,405 SF Parking: Paved Surface | 12 Spaces Heating: Boiler A/C: Window Units Water/Sewer: Master Gas/Electric: Master | Individual Zoning: R-4 • Opportunity to significantly increase rents • Individually metered for electric • Diverse unit mix with unique floorplans • Security System installed • Back porch and stairways redone • Roof and Gutters repaired in 2023

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Commercial Contingent

Price

$ 1,275,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 6,865

Style

Lot Size

0.17

Year Built

1962

Town/City

Westminster

County/Region

Adams

MLS | Web ID

5868805

Features
General
Sewer Public Sewer
Roof Other
Exterior Features Barbecue
Zoning R-4
Garage Spaces 0
Construction Materials Frame
Exclusions Any and all private property.
Year Built 1962
Tenant Pays Electricity
Stories 2
Property SubType Multi-Family
Tax Year 2022
Current Use Multi-Family
Gross Income 10433
County Adams
Operating Expense 23814
Property Type Commercial Sale
Attached Garage N
Contingency None Known
Status Pending
City Westminster
Buyer Agent Compensation 2.5
NumberOfUnitsTotal 6
Lot Size Units Square Feet
Lot Size Square Feet 7405
Carport Spaces 0
Street Name Eliot
Listing Terms Cash Conventional
Tax Annual Amount 6865
Lease Considered Y/N N
Standard Status Active Under Contract
Occupancy Type Owner
Cap Rate 5.37
Buyer Agent Compensation Type %
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Exterior
Total Parking 0
Lot Size Area 7405
Building Area Total 4800
Lot Size Acres 0.17
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Interior
Street Suffix Circle
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Internal Only
Street Number 1 2851
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* Excluded Features
List By
Kaufman Hagan

Broker

(303) 990-4361

Phone

Affordability Calculator

$9,046
Per Month
94%
6%
0%
Monthly Principal & Interest
$8,474
Monthly Property Taxes
$572
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
242254 Elementary School
242425 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/20/2024$1,275,000 -15.00% Price Down
2/22/2024$1,500,000 Listed Price

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2851 Eliot Circle, Westminster, CO, 80030 is a Commercial Property for sale at $1,275,000 with 4,800 sqft and a lot size of 0.17. 2851 Eliot Circle is a studio with 0.0 baths and was built in 1962. The property's zip code is 80030 which is in Westminster, CO