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Denver,CO 80210
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,344 sqft
Price per Sqft $388
Subdivision Du Harvard Park
MLS Listing ID 3956226
Style Contemporary
Bedrooms 8
HOA Y/N No
Abv Grd Liv Area 3,344
Originating Board recolorado
Year Built 1955
Annual Tax Amount $5,066
Tax Year 2022
Lot Size 0.287 Acres
Acres 0.29
Property Sub-Type Quadruplex
Property Description
Rare 4 plex walking distance to DU Campus. This 8 bed 4 bath complex is fantastic rental investment with all four units updated and always in high demand. Current 6.6% gross cap rate. Oversized double lot with private parking lot and additional storage facility for each unit. Building sits along the Harvard Gulch trail and offers amazing access to bike/walking trail, DU, Harvard Gulch, Platt Park, Wash Park and Downing Street restaurants. This is an A+ location! Brick exterior, New Roof, Double Pane Vinyl Windows and interior improvements throughout each unit make this a true turnkey investment. Current leases average $1,800 per month - fair market is closer to $1,950 p/m. Lower units are garden level /walkout offering lots of natural lighting and full sized windows - these two units do not feel like basement apartments. This property sits on a double 12,000sqft lot. The next owner could improve rental income with the addition of multiple ADU's based on Denver new zoning regulations regarding ADU's. (Buyer/buyer's agent to verify all zoning with the city of Denver). All units are on a month to month. This could be a perfect investment for an owner occupied solution.
Location
State CO
County Denver
Zoning E-TU-C
Interior
Interior Features Ceiling Fan(s),Eat-in Kitchen,Laminate Counters,Quartz Counters
Heating Floor Furnace
Cooling Other
Flooring Vinyl
Fireplace N
Appliance Dishwasher,Disposal,Dryer,Microwave,Oven,Range,Washer
Laundry In Unit
Exterior
Exterior Feature Balcony,Barbecue,Garden,Private Yard,Rain Gutters
Parking Features Gravel
Fence Partial
Utilities Available Electricity Connected,Natural Gas Connected
Roof Type Composition
Total Parking Spaces 9
Garage No
Building
Lot Description Corner Lot,Ditch,Flood Zone,Level
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Brick
Schools
Elementary Schools Asbury
Middle Schools Grant
High Schools South
School District Denver 1
Others
Senior Community No
Ownership Agent Owner
Acceptable Financing 1031 Exchange,Cash,Conventional,FHA,Jumbo,Other,VA Loan
Listing Terms 1031 Exchange,Cash,Conventional,FHA,Jumbo,Other,VA Loan
Special Listing Condition None