Address
6380 S Boston Street Englewood, CO
Price
$ 3,500,000
Property Attributes
  • MLS#5997590
  • TypeCommercial
  • CountyARAPAHOE
  • CityEnglewood
  • AreaBoston Commons
  • Zip80111
  • StyleTraditional,LowRise
  • Year Built1988
  • Taxes14859
  • Price$ 3,500,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage9780
Listing Provided Courtesy Of:
Greenwood Estates Realty LLC
Data Source:
REColorado
Property Description

**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.

Price History
3/5/2021 Listed $3,500,000

General Features

Architectural Style Traditional, LowRise
Attached Garage No
Building Features OnSiteManagement, ReceptionArea
Building Name Boston Commons
Carport Spaces 0.0
Carport Y/N No
Community Features Clubhouse, FitnessCenter, Pool
Current Use Residential
Exterior Features Balcony, Lighting
Garage Spaces 0.0
Garage Y/N No
Levels ThreeOrMore
Patio/Porch Features Balcony
Pool Features Community
Property SubType MultiFamily
Property Type CommercialSale
Roof Composition
Sewer PublicSewer
Total Units 22
Zoning AMU

Exterior Features

Building Area Total 9780.0
Covered Spaces 0.0
Lot Size Units Acres
Total Parking 0.0

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 80111

Price
AVG $1.94M
$3.5M
Taxes
AVG $10,959
$14,859
Visits
AVG 15
26
Year Built
AVG 1985
1988

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