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3344 Chase St - Chase St. Sober Living 3,156 SF Specialty Building Offered at $2,100,000 at a 6.56% Cap Rate in Wheat Ridge, CO 80212
Investment Highlights
- Luxury property with 500 SF ADU
- 2-car garage and driveway
- Mountain views
- Gross income $12,000 per month; strong tenant with 7- year lease term plus 5-year extension
- The builder leases, manages and warranties the property
- Close walk to amenities and public transportation
Executive Summary
* GREAT 1031 EXCHANGE PROPERTY - $1,000,000 REMAINING LEASE VALUE *
This 4 bed/5 bath luxury residence with ADU is leased for seven (7) years with a five (5)-year renewal option to an established and thriving sober living homes business. $1,00,000 remaining lease value. The lease is guaranteed and the property is managed and warrantied by the builder, Vertex Homes. A quick walk to the beautiful Panorama park, the property has sweeping views of the mountains and is near amenities, a grocery store, and public transportation. Additional investment opportunity available, please call broker.
* Tenant cannot be disturbed. *
This 4 bed/5 bath luxury residence with ADU is leased for seven (7) years with a five (5)-year renewal option to an established and thriving sober living homes business. $1,00,000 remaining lease value. The lease is guaranteed and the property is managed and warrantied by the builder, Vertex Homes. A quick walk to the beautiful Panorama park, the property has sweeping views of the mountains and is near amenities, a grocery store, and public transportation. Additional investment opportunity available, please call broker.
* Tenant cannot be disturbed. *
Property Facts
| Price | $2,100,000 | Lot Size | 0.14 AC |
| Price Per SF | $665.40 | Building Size | 3,156 SF |
| Sale Type | Investment | No. Stories | 3 |
| Cap Rate | 6.56% | Year Built | 2023 |
| Property Type | Specialty | Parking Ratio | 0.63/1,000 SF |
| Zoning | R-1C - Residential zoning with ADU unit. Sober living homes provide services to a protected class of people and are a use-by-right in this zoning. | ||
| Price | $2,100,000 |
| Price Per SF | $665.40 |
| Sale Type | Investment |
| Cap Rate | 6.56% |
| Property Type | Specialty |
| Lot Size | 0.14 AC |
| Building Size | 3,156 SF |
| No. Stories | 3 |
| Year Built | 2023 |
| Parking Ratio | 0.63/1,000 SF |
| Zoning | R-1C - Residential zoning with ADU unit. Sober living homes provide services to a protected class of people and are a use-by-right in this zoning. |
Amenities
- Wheelchair Accessible
- Air Conditioning
- Fiber Optic Internet
- Smoke Detector
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Property Taxes
| Parcel Number | 39-251-14-021 | Improvements Assessment | $11,685 |
| Land Assessment | $18,883 | Total Assessment | $30,568 |
Property Taxes
Parcel Number
39-251-14-021
Land Assessment
$18,883
Improvements Assessment
$11,685
Total Assessment
$30,568
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3344 Chase St - Chase St. Sober Living
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