7 Beds
5 Baths
2,300 SqFt
7 Beds
5 Baths
2,300 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 2,300 sqft
Subdivision Golden Pines
MLS Listing ID IRE6403643
Bedrooms 7
HOA Y/N No
Year Built 1950
Annual Tax Amount $4,004
Tax Year 2025
Source ires
Property Description
Rents average $1,300 ($2.83/SF) across efficient 1-BD and 2-BD layouts. Strong rent/SF performance reflects the dense renter demand of the submarket, yet the total rents remain $150-$300 below comparable Golden units, providing an easily captured mark-to-market runway. Comparable buildings across Ulysses, W 4th Ave, W 8th Pl, and Nevada routinely achieve $1,325-$1,750 depending on size and unit mix, creating a clear and documented revenue upside without repositioning or heavy renovation.
Financing metrics are equally compelling: at a 6% interest rate and 65% LTV, buyers achieve Year 1 cash-on-cash of 10.37% and a 1.93 DCR, offering a strong cushion even under conservative economic expectations.
Golden's long-standing regulatory constraints, limited development pipeline, and affluent renter profile further reinforce the asset's durability. With robust demographics, minimal new supply, proven rent depth, and consistent operational performance, 16680 W 11th Ave stands as one of the most secure and yield rich small-unit offerings available in the Denver metro today-ideal for private capital, 1031 buyers, and long-term operators seeking stable cash flow with upside.
Location
State CO
County Jefferson
Community Golden Pines
Area Metro Denver
Zoning R-2
Interior
Heating Forced Air
Exterior
Parking Features Off Street
Garage Spaces 10.0
View Y/N No
Roof Type Other
Garage Yes
Building
Sewer Public Sewer
Level or Stories One
Structure Type Frame
New Construction false
Schools
Elementary Schools Foothills
Middle Schools Bell
High Schools Jefferson Dist R-1
School District Jefferson Dist R-1
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Private Owner
Nearby Locations
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