Denver, CO 80219,929 S Raleigh St
Denver, CO 80219,929 S Raleigh St
Denver, CO 80219,929 S Raleigh St
Denver, CO 80219,929 S Raleigh St
Denver, CO 80219,929 S Raleigh St
Denver, CO 80219,929 S Raleigh St
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$475,000

$475,000

Est.Price: ?

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Est. payment /mo

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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Information and Real Estate Services (IRES)
Listed by Keller Williams Advantage Realty LLC • 303-986-4300
Bought with HomeSmart
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Making real estate fun, simple and stress-free!

+1(303) 858-8100

[email protected]

8300 East Maplewood Avenue, Suite 100, Village, CO, 80111

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