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5997 Magnolia St
Commerce City, CO 80022
Multifamily Property For Sale
·
4 Units
Executive Summary
5997 Magnolia Street in Commerce City, Colorado is a well-maintained, cash flowing four-unit investment that blends classic character with modern upgrades. The property features a Duplex and two single family homes, offering a diverse unit mix of one, two, and three-bedroom layouts that appeal to a wide tenant base. Most units include washer and dryer hookups, a highly desirable amenity in today’s rental market.
Current ownership has completed significant capital improvements, including full interior renovations, a new roof, and replacement of one hot water heater. These upgrades were thoughtfully executed to achieve strong, market-level rents while enhancing long-term asset quality.
Current ownership has completed significant capital improvements, including full interior renovations, a new roof, and replacement of one hot water heater. These upgrades were thoughtfully executed to achieve strong, market-level rents while enhancing long-term asset quality.
Property Facts
| Price Per Unit | $265,591 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.39 AC |
| Cap Rate | 6.92% | Building Size | 2,800 SF |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1942/2022 |
| Price Per Unit | $265,591 CAD |
| Sale Type | Investment |
| Cap Rate | 6.92% |
| No. Units | 4 |
| Property Type | Multifamily |
| Building Class | B |
| Lot Size | 0.39 AC |
| Building Size | 2,800 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1942/2022 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | $1,371 CAD | 600 |
| 2+1 | 2 | $2,451 CAD | 700 |
| 3+1 | 1 | $3,153 CAD | 800 |
Property Taxes
| Parcel Number | 1823-08-4-06-016 | Improvements Assessment | $36,312 CAD |
| Land Assessment | $11,885 CAD | Total Assessment | $48,197 CAD |
Property Taxes
Parcel Number
1823-08-4-06-016
Land Assessment
$11,885 CAD
Improvements Assessment
$36,312 CAD
Total Assessment
$48,197 CAD
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