$826,000
$894,500
7.7%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
3 Baths
2,057 SqFt
SOLD DATE : 09/28/2020
Key Details
Sold Price $826,000
Property Type Single Family Home
Sub Type Residential-Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,057 sqft
Subdivision Witters Add
MLS Listing ID 9263446
Sold Date 09/28/20
Style Victorian
Bedrooms 4
Full Baths 1
Three Quarter Bath 2
HOA Y/N false
Abv Grd Liv Area 1,087
Originating Board REcolorado
Year Built 1884
Annual Tax Amount $2,513
Lot Size 3,049 Sqft
Acres 0.07
Property Description
Amazing investment opportunity in the Historic RiNo Neighborhood!! You can live in this charming, fully updated Victorian in one of the hottest parts of Denver, and rent out the bottom part of the home for AirBnB or full time renters. The home has been completely renovated in 2019. The top unit main floor has an open floor plan with high end finishes and hosts a dining room, family room, kitchen, laundry, bedroom and full bath. The second floor includes a chic master suite and master bathroom. The lower unit, which has its own separate front and rear entrance, has 2 bedrooms, a 3/4 bathroom, full kitchen, laundry and family room. The back yard is spacious and comes with tons of potential for entertaining. There is opportunity to add even more income potential, as this property is zoned to have an ADU in the back. Seller is willing to sell the home fully furnished with the right offer. Seller is willing to leave air bnb bookings up for 3 months after the sale with profits going to the new owner, which would be around $24k of additional income to the buyer.
$170k+ in renovations in 2019
Complete renovation and remodel of all spaces - kitchens, bathrooms, living rooms, bedrooms, electrical, plumbing
New HVAC for upstairs and downstairs
New AC for upstairs
AirBnB - averaging $8k+ per month (bookings June/July/August pre-quarantine were averaging $8500+ per month)
Long Term Rental - comps to $3500 for upstairs, $1800 for garden level
Amazing location in RiNo's vibrant neighborhood and its art galleries, working studios, boutique shops, breweries, wineries, top restaurants and nightlife. Walk, bike, Scooter, RTD or light rail going to DIA or to Coors Field, Downtown shops, restaurants & nightlife.
Location
State CO
County Denver
Area Metro Denver
Zoning G-RH-3
Rooms
Basement Full, Partially Finished, Walk-Out Access
Primary Bedroom Level Upper
Bedroom 2 Main
Bedroom 3 Basement
Bedroom 4 Basement
Interior
Interior Features In-Law Floorplan, Eat-in Kitchen, Cathedral/Vaulted Ceilings, Open Floorplan, Walk-In Closet(s), Kitchen Island
Heating Forced Air
Cooling Central Air
Window Features Window Coverings,Triple Pane Windows
Appliance Dishwasher, Refrigerator, Washer, Dryer, Microwave, Disposal
Laundry In Basement
Exterior
Garage Spaces 2.0
Fence Fenced
Utilities Available Natural Gas Available, Electricity Available, Cable Available
Roof Type Composition
Street Surface Paved
Porch Patio
Building
Lot Description Gutters
Faces East
Story 2
Foundation Slab
Sewer City Sewer, Public Sewer
Water City Water
Level or Stories Two
Structure Type Brick/Brick Veneer,Stucco
New Construction false
Schools
Elementary Schools Wyatt
Middle Schools Bruce Randolph
High Schools Manual
School District Denver 1
Others
Senior Community false
Special Listing Condition Private Owner
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