3991 E 121st Avenue, Thornton, CO 80241
- $1,950,000
- 2
- BD
- 2
- BA
- 1,244
- SqFt
Courtesy of Compass - Denver . kayla.schmitz@compass.com,303-249-4118
- List Price
- $1,950,000
- Price Change
- ▼ $390,000 1773878742
- Type
- Multifamily
- Status
- ACTIVE
- MLS Number
- 4732768
- Finished Sqft
- 1,244
- Above Grade Sqft
- 1244
- Total Sqft
- 1884
- Subdivision
- Thornton Ridge Filing
- Sub-Area
- Thornton Ridge Filing
- Year Built
- 1997
Property Description
Prime 4-Unit Townhome Investment Opportunity Multifamily gem in the heart of Thornton! These well-maintained 4-units within the Thornton Ridge townhome complex offers a balanced mix of spacious layouts and strong rental performance, ideal for both seasoned investors and newcomers seeking reliable cash flow. Property Breakdown: 4 units: 2 bed / 1.5 bath townhomes Current rents: $2,100-$2,400 per month Cap rate: 5-6%, with potential upside through light updates and rent optimization Strong rental history: Consistent occupancy and long-term tenants. Seller can provide full rental history and detailed income documentation Each home features comfortable living spaces, well maintained finishes in varying levels of updates, and private outdoor areas. Whether you’re looking to expand your portfolio or enter the Denver metro multifamily market, this portfolio offers immediate cash flow, proven stability, and future growth potential. Current Rents: $2,100-$2,400/month Cap Rate: 5-6% Financials: Full rent roll and income verification available upon request
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Additional Information
- School District
- Adams 12 5 Star Schl
- Elementary School
- Stellar
- Middle School
- Century
- High School
- Mountain Range
- Garage Spaces
- 1
- Parking Spaces
- 1
- Basement
- Unfinished
- Total HOA Fees
- $245
- Taxes
- $2,438
- Tax Year
- 2024
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