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Deborah Caulfield
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Glendale CO Real Estate & Homes for Sale

1 Properties Found

The median home value in Glendale, CO is $310,000 This is lower than the county median home value of $462,000. The national median home value is $308,980. The average price of homes sold in Glendale, CO is $310,000. Approximately 15% of Glendale homes are owned, compared to 75% rented, while 9% are vacant. Glendale real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you like to see a property, contact Glendale real estate agent to arrange a tour today!
Learn more about Glendale.


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$2,900,000

551 S Fairfax Street Glendale, CO 80246

Beds:
n/a
Baths:
Sq.Ft.:
10,620
Status:
Active
MLS#:
6494437
Type:
Multi-Family
Lot size:
0.16 Acres
Year built:
1961
Courtesy: NorthPeak Commercial Advisors, LLC
View additional info

551 S Fairfax St. is a unique value add opportunity with proven upside in a desirable location. The building is a diverse mix of (2) premium studios, (6) one beds, and (5) two beds. There have been extensive updates to major systems including roof, boiler, electrical, windows, and more (see Page 5). The subject property falls into Arapahoe County, City of Glendale, & highly desirable Cherry Creek School District. Tenants enjoy the recently renovated Glendale Park with pickleball courts directly adjacent to the property as well as nearby shopping and dining in Cherry Creek. This deal has attractive Seller financing available with 71% LTV and 4% interest. In addition, there are a few renovated units that prove a path to value add. For the right investor, this is a great opportunity to buy a well located deal with strong in place cash flow and proven upside potential.

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REcolorado - Metrolist MLS logo

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