$1,020,000
$1,020,000
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4 Beds
3 Baths
3,345 SqFt
SOLD DATE : 10/15/2021
Key Details
Sold Price $1,020,000
Property Type Single Family Home
Sub Type Attached Dwelling
Listing Status Sold
Purchase Type For Sale
Square Footage 3,345 sqft
Subdivision City Park West
MLS Listing ID 5316709
Sold Date 10/15/21
Style Cottage/Bung,Foursquare/Denver Square
Bedrooms 4
HOA Y/N false
Abv Grd Liv Area 3,345
Originating Board REcolorado
Year Built 1901
Annual Tax Amount $6,000
Lot Size 4,791 Sqft
Acres 0.11
Property Description
NEW PRICE! 5.3% cap rate, exceptional condition and location! Beautiful tri-plex blocks to City Park and 17th Ave Restaurant Row! Nicely remodeled over the past 5 years and currently legally zoned for 3 units with City of Denver. Each floor is approximately 1,100 SF with a gorgeous shared entry area for access to Units A and B. All original woodwork intact. Original windows on main floor with decorative glass and original refinished wood.Wood flooring throughout under 1 year old high end carpet. New windows on 2nd floor and main floor kitchen and bathrooms. Roof and sewer inspected in past year. Upgraded to Central AC and gas forced air heat within past 5 years! The third unit, C, has a private entry along the side of the house. Each unit comes with one tandem parking space, shared fenced back yard with patio and furniture included.
5,000SF corner lot a couple blocks to city park zoned G-RO-3 which allows for office/residential/mixed use/daycare, etc. up to 3 stories high. Currently only 2 stories utilized and future ADU can easily be approved and built in the existing parking area for additional income!
The 2nd floor unit has a cute covered balcony off the kitchen that has been reinforced with a new railing for safety. The main floor unit has a rear mud room with private entry as the bonus enclosed front porch currently used as an office/yoga studio by renters. This home has been updated with new paint inside and out, new appliances, and a remodeled basement apartment. All units rented in one day at the current rents and are occupied until June 30, 2022. No concessions were given to tenants.
Please ask the listing agent or your agent for access to financial reports and video tours of each unit in the supplemental materials on MLS. This property is in process of being refinanced and once that happens it will be off the market. Please act quickly if you are interested!
Location
State CO
County Denver
Area Metro Denver
Zoning G-RO-3
Direction Corner of 18th and High St
Interior
Heating Forced Air
Cooling Central Air, Ceiling Fan(s)
Fireplaces Type 2+ Fireplaces
Fireplace true
Window Features Triple Pane Windows
Appliance Dishwasher, Refrigerator, Washer, Dryer, Microwave, Disposal
Exterior
Exterior Feature Balcony
Garage Spaces 6.0
Fence Fenced
Utilities Available Electricity Available, Cable Available
Roof Type Composition
Handicap Access Level Lot
Porch Patio, Deck
Building
Lot Description Gutters, Lawn Sprinkler System, Corner Lot, Level
Faces East
Story 3
Foundation Slab
Sewer City Sewer, Public Sewer
Water City Water
Level or Stories Three Or More
Structure Type Brick/Brick Veneer
New Construction false
Schools
Elementary Schools Cole Arts And Science Academy
Middle Schools Cole Arts And Science Academy
High Schools East
School District Denver 1
Others
Senior Community false
SqFt Source Assessor
Special Listing Condition Private Owner
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