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$179,900

Don't miss this incredible opportunity to own an updated condo in one of Colorado's most desirable locations! This move-in-ready 1-bedroom, 1-bath home offers exceptional value just minutes from downtown Golden, miles of hiking and biking trails, and easy access to the mountains. Inside, you'll find a beautifully updated kitchen, fresh paint, newer furnace and water heater and other tasteful improvements that make this home truly turnkey. The bright, functional floor plan is perfect for first-time buyers, students, investors, or anyone looking to enjoy the Golden lifestyle at an exceptional price. Additional features include a dedicated parking space and a private storage area for all your outdoor gear. Whether you're exploring nearby trails, enjoying downtown Golden's restaurants and breweries, or heading into the mountains for your next adventure, this location puts it all within reach. Affordable, updated, and ideally located-this is a rare opportunity to own in Golden at a price that's hard to find. HOA includes water, sewer, trash, insurance and more! Schedule your showing today, this one is best value in the area!

1 Beds ⋅ 1 Baths ⋅ 6486126 MLS ⋅ ACTIVE Status

16259 W 10th Ave Unit K2, Golden

$805,000

16680 W 11th Ave presents a rare opportunity to acquire a stabilized, cash-flowing multifamily asset in one of the tightest, highest-barrier submarkets in Colorado. With 100% occupancy, consistent rent collections, and a 6.67% in-place cap rate, the property delivers immediate yield rarely achievable in Golden's small-multifamily segment. Current operations generate $56,674 NOI, with Year 1 NOI projected to climb to $64,011 through natural loss-to-lease burn-off, modest rent adjustments, and continued growth in utility bill-backs and ancillary revenue streams. This represents a 13% NOI increase with no major capital expenditure requirements. 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.

7 Beds ⋅ 5 Baths ⋅ 2191430 MLS ⋅ ACTIVE Status

16680 W 11th Ave, Golden