$1,520,000
$1,595,000
4.7%For more information regarding the value of a property, please contact us for a free consultation.
10 Beds
7 Baths
2,897 SqFt
SOLD DATE : 08/26/2021
Key Details
Sold Price $1,520,000
Property Type Single Family Home
Sub Type Income Property
Listing Status Sold
Purchase Type For Sale
Square Footage 2,897 sqft
Subdivision West Wash Park/Speer
MLS Listing ID 8795901
Sold Date 08/26/21
Style Foursquare/Denver Square
Bedrooms 10
HOA Y/N false
Abv Grd Liv Area 2,897
Originating Board REcolorado
Year Built 1905
Annual Tax Amount $2,486
Lot Size 3,484 Sqft
Acres 0.08
Property Description
Fully renovated 4-unit property with positive income in great Denver location close to downtown, restaurants, shopping, parks and transportation. The 10 bedrooms and 7 bathrooms consist of two 3-bdrm 2-bath units; one 2-bdrm 2-bath unit; and one 2-bdrm 1-bath unit. Every apartment has an individual entrance. Each apartment tenant controls their own heating/cooling. Each apartment has its own washer/drier.
This building has been recently remodeled.
Positive cash flow, based on current income, from day 1 of closing.
Apartment 1 rented until January 2023, $2,790 per month
Apartment 2 rented until August 15, 2021, $2,000 per month, actively being promoted to rent for longer term
Apartment 3 rented until August 29, 2021, $2,100 per month, actively being promoted to rent for longer term
Apartment 4 rented until June 25, 2022, $2,295 per month
Please look at the brochure in the "Supplement" section to view videos.
Location
State CO
County Denver
Area Metro Denver
Zoning G-MU-5
Direction Broadway south, left on Ellsworth, left on Lincoln, stop at 86 just before 1st Ave on right. Logan south, right on Ellsworth, right on Lincoln, stop at 86 on right just before 1st Ave Alameda: left or right on Lincoln (depending where you come from), your are on south Lincoln. Go towards downtown. stop at 86 N Lincoln St on right side.
Rooms
Basement Partial, Full, Partially Finished, Crawl Space, Walk-Out Access, Daylight
Interior
Interior Features Eat-in Kitchen, Pantry
Heating Forced Air
Cooling Central Air, Room Air Conditioner, Ceiling Fan(s)
Fireplaces Type Single Fireplace
Fireplace true
Window Features Triple Pane Windows
Appliance Self Cleaning Oven, Dishwasher, Washer, Dryer, Microwave
Exterior
Garage Spaces 4.0
Fence Partial
Utilities Available Natural Gas Available, Electricity Available, Cable Available
View City
Roof Type Composition
Handicap Access Level Lot
Porch Patio
Building
Lot Description Level
Faces West
Story 2
Sewer City Sewer, Public Sewer
Water City Water
Level or Stories Two
Structure Type Brick/Brick Veneer
New Construction false
Schools
Elementary Schools Dora Moore
Middle Schools Grant
High Schools South
School District Denver 1
Others
Senior Community false
SqFt Source Appraiser
Special Listing Condition Private Owner
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Realtor | Lic# 3002201