80 Nelson Ave Keenesburg, CO 80643
- Residential income homes
- 2,464 SF
Current Use by Public Records
- Residential income homes
Property Details for 80 Nelson Ave
- Year built
- 1993
- Property size
- 2,464 SF
- Property type
- Residential income homes
Description
This exceptional Keenesburg, Colorado investment property presents a rare opportunity to acquire a meticulously maintained, two-unit duplex. Boasting a total of 2,464 square feet, this property features two 3-bedroom, 2-bathroom units, each with a 2-car parking space. The units were completely renovated in 2024, including new kitchens, bathrooms, flooring, appliances, and windows, representing a $135,000 investment. Exterior improvements completed in 2019 include a new roof, siding, paint, and shutters. The property sits on a 6,750 square foot lot and is zoned R2. Currently, both units are 100% occupied, with leases in place through July 1, 2025 (one unit) and October 4, 2025 (the other). The current Net Operating Income (NOI) is $24,094, with a projected NOI of $37,320, resulting in a pro-forma cap rate of 6.24%. The property benefits from a new hot water boiler heat system and mini-split AC units, ensuring efficient and comfortable living for tenants. Located in a desirable area, this property offers a strong return on investment with minimal maintenance requirements. Tenants are responsible for all utilities except water/sewer (not separately metered) and trash. This is a turnkey investment opportunity with significant upside potential. The property is not subject to HOA fees or Metro District assessments.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Keenesburg
- County
- Weld
- State
- Colorado
- Longitude
- -104.5220386
- Latitude
- 40.1028301
