3991 E 121st AVE Thornton, CO 80241
2 Beds
2 Baths
1,884 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,884 sqft
Price per Sqft $1,035
Subdivision Thornton Ridge Filing
MLS Listing ID 4732768
Bedrooms 2
Condo Fees $245
HOA Fees $245/mo
HOA Y/N Yes
Abv Grd Liv Area 1,244
Year Built 1997
Annual Tax Amount $2,438
Tax Year 2024
Property Sub-Type Quadruplex
Source recolorado
Property Description
Multifamily gem in the heart of Thornton! This well-maintained 6-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:
5 units: 2 bed / 1.5 bath townhomes
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
Location
State CO
County Adams
Rooms
Basement Unfinished
Interior
Heating Forced Air
Cooling Central Air
Fireplace N
Laundry In Unit
Exterior
Garage Spaces 1.0
Roof Type Composition
Total Parking Spaces 1
Garage Yes
Building
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Frame
Schools
Elementary Schools Stellar
Middle Schools Century
High Schools Mountain Range
School District Adams 12 5 Star Schl
Others
Senior Community No
Ownership Corporation/Trust
Acceptable Financing 1031 Exchange, Cash, Other
Listing Terms 1031 Exchange, Cash, Other
Special Listing Condition None
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
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