Broomfield, CO 80020 1291 W 3rd Ave
$775,000
14 more
Presented By: Pinnacle Real Estate Advisors; jknowlton@pinnaclerea.com,303-962-9543
Beds • 4
Baths • 4
SQFT • 2,531
Garage • 4
Home Details
Turnkey 4-plex in the heart of Broomfield, ideally positioned between Boulder (15 min) and Downtown Denver (25 min). Priced at $775,000, this fully leased value-add opportunity features four 1BR/1BA units, a detached 4-car garage, and additional income from laundry, utility reimbursements (RUBS), and potential garage storage rental. Currently producing a 6.57% cap rate with proforma upside to 7.45% through light renovations, maximizing garage potential and rental increases. Strong local demographics and proximity to Interlocken Business Park, Broomfield Community Park, and the future Northwest B-Line Light Rail enhance long-term value and rent demand. Investors will appreciate the rare sub-$800K multifamily opportunity in a highly desirable, growth-oriented corridor. Please reach out to Luke Salazar at 303-962-9534, LSalazar@PinnacleREA.com with any questions.
Presented By: Pinnacle Real Estate Advisors; jknowlton@pinnaclerea.com,303-962-9543
Interior Features for 1291 W 3rd Ave
Bedrooms
Total Bedrooms4
Bathrooms
Total Baths4
Other Interior Features
LivingAreaSourceAssessor
Above Grade Finished Area2531
Air Conditioning Y/NNo
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesCommon Area
General for 1291 W 3rd Ave
Attached Garage No
Cap Rate6.57
CityBroomfield
Construction MaterialsBrick/Brick Veneer
CountyBroomfield
ElectricSeparate Meter Electricity
Elementary SchoolEmerald
ExclusionsTenant's personal property
Garage Spaces4
Garage Y/NYes
Gas Y/NMaster Meter-Gas
Gross Income65640
HOANo
HeatingBaseboard
High SchoolBroomfield
High School DistrictBoulder Valley RE 2
Land Lease Y/NNo
LevelsTwo
Living Area UnitsSquare Feet
Lot Size Square Feet7970
Lot Size UnitsSquare Feet
MLS AreaBroomfield
Middle/Junior High SchoolAspen Creek K-8
Net Operating Income50916
New ConstructionNo
Number Of Units Total4
Operating Expense14724
Property Attached Y/NNo
Property ConditionNot New, Previously Owned
Property SubtypeIncome Property
Property TypeResidential Income
RoofFiberglass
Senior Community Y/NNo
SewerCity Sewer, Public Sewer
Standard StatusActive
StatusActive
Stories2
Subdivision NameBroomfield Heights
Tax Annual Amount3547
Tax Year2024
Tenant PaysElectricity
Waterfront Y/NNo
Year Built1960
ZoningR-5
Exterior for 1291 W 3rd Ave
Building Area Total2531
Covered Spaces4
Horse Y/NNo
Lot Size Acres0.18
Lot Size Area7970
SpaNo
Water SourceCity Water
Additional Details
Price History
Schools
High School
Broomfield High School
Middle School
Aspen Creek K-8 Middle School
Elementary School
Emerald Elementary School
