$475,000
$475,000
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2 Beds
3 Baths
1,842 SqFt
SOLD DATE : 11/24/2021
Key Details
Sold Price $475,000
Property Type Single Family Home
Sub Type Income Property
Listing Status Sold
Purchase Type For Sale
Square Footage 1,842 sqft
Subdivision Kentucky Gardens
MLS Listing ID 6779557
Sold Date 11/24/21
Style Ranch
Bedrooms 2
HOA Y/N false
Abv Grd Liv Area 1,842
Originating Board REcolorado
Year Built 1936
Annual Tax Amount $2,090
Lot Size 6,534 Sqft
Acres 0.15
Property Description
Rare investment opportunity in the highly desirable Denver location. This property is packed with 2 units of 2 bed-1 bath currently rented for $1350,$1300, and a non-conforming basement studio type currently rented for $700. Unit 1 and 2 are equipped with a dishwasher, heat-gas, laundry room/ hookups, refrigerator, stove, and oven. The basement studio comes with a laundry room/ hookups, refrigerator, stove, and oven. This prime location provides quick access to downtown Denver, highways, Light Rail station, Belmar Shopping Center, and the Broncos Stadium. Great income-producing rental property and currently believed to be rented under market value. HUGE ADDITIONAL UPSIDE POTENTIAL. The current annual net income is $30,800. Projected Annual Net Income of $32,600 and Cap Rate of 6.5% advertised is based on conservatively increased rents. All three units have great tenants and have maintained the property very well. Come get this great rental property for any buyer! One of the units includes square footage that used to be a garage. Buyer to confirm all square footage since it doesn't match public records and is approximate. PLEASE CALL ROXANE WEBSTER AT 303-759-8522 WITH QUESTIONS AND SUBMIT ALL CONTRACTS' TO [email protected].
Location
State CO
County Denver
Area Metro Denver
Zoning E-SU-D1X
Interior
Heating Forced Air
Appliance Dishwasher, Refrigerator
Exterior
Garage Spaces 6.0
Utilities Available Natural Gas Available, Cable Available
Roof Type Composition
Handicap Access Level Lot
Building
Lot Description Level
Story 1
Sewer City Sewer, Public Sewer
Water City Water
Level or Stories One
Structure Type Wood/Frame,Brick/Brick Veneer
New Construction false
Schools
Elementary Schools Castro
Middle Schools Compass Academy
High Schools Abraham Lincoln
School District Denver 1
Others
Senior Community false
SqFt Source Assessor
Special Listing Condition Private Owner
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