3991 E 121st AveThornton, CO 80241
Thornton Ridge Filing · Adams County
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: 2 units: 2 bed / 1.5 bath 2 units: 3 bed / 2 bath 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
Property Information
- Property type
- Residential Income
- Year built
- 1997
- Living area
- 1,244 Sq Ft
- Garage spaces
- 1
- Parking spaces
- 1
- Days on market
- 238
- MLS® Listing#
- 4732768
Property Features
- Cooling
- Central Air
- Heating
- Forced Air
- Basement
- Unfinished
- Parking
- Attached
- Patio
- Deck
- Construction
- Frame
- Roof
- Composition
- Sewer
- Public Sewer
- Water source
- Public
Schools
- Elementary
- Stellar
- Middle
- Century
- High
- Mountain Range
Financial Details
- HOA
- $245 / MonthlyAssociation: Thornton Ridge Townhomes
- Annual taxes
- $2,438Tax year 2024
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