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: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

2 Beds

3 Baths

1,842 SqFt


SOLD DATE : 11/24/2021

Key Details

Sold Price $475,000

Property Type Multi-Family

Sub Type Triplex

Listing Status Sold

Purchase Type For Sale

Square Footage 1,842 sqft

Price per Sqft $257

Subdivision Kentucky Gardens

MLS Listing ID 6779557

Sold Date 11/24/21

Bedrooms 2

HOA Y/N No

Abv Grd Liv Area 1,450

Originating Board recolorado

Year Built 1936

Annual Tax Amount $2,090

Tax Year 2020

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

Zoning E-SU-D1X

Rooms

Basement Finished, Partial

Interior

Heating Forced Air, Natural Gas

Cooling None

Flooring Carpet, Laminate, Tile

Fireplace N

Appliance Dishwasher, Oven, Range, Refrigerator

Laundry In Unit

Exterior

Utilities Available Cable Available

Roof Type Composition

Total Parking Spaces 6

Garage No

Building

Lot Description Level

Sewer Public Sewer

Water Public

Level or Stories One

Structure Type Brick, Frame

Schools

Elementary Schools Castro

Middle Schools Compass Academy

High Schools Abraham Lincoln

School District Denver 1

Others

Senior Community No

Ownership Individual

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Special Listing Condition None

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REColorado (REColorado MLS)
Listed by Keller Williams Advantage Realty LLC
Bought with HomeSmart
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+1(303) 858-8100

[email protected]

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

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