Price

$975,000

Sqft

3144.00

Baths

4

Beds

5

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Description

When opportunity knocks, you answer! This 4-unit apartment house in the heart of Congress Park provides the perfect addition to your investment portfolio. The property offers three 1-bed 1-bath units, and an additional 2-bed 1-bath unit (a 2-story split between the second and third floors). Each unit is unique in layout with various updating performed throughout the years and plenty of room to get creative and capture top of the market rents - now pushing $2,000/month for 1 beds and $2,600/month for 2 beds in this area. For added income potential, there is a small office/storage room at the front of the building and plenty of additional storage space in the basement with laundry hookups to add coin operated laundry. As-is, the property will easily push a 5% CAP rate at market rents. On the maintenance side, a new roof was installed about 5 years ago, new dual furnace around 2015, freshly painted common area, electrical service has been upgraded and the city will be running copper water lines to the property. The owner has left one unit vacant to allow for showings and keep the opportunity open should any buyer wish to do some quick updating prior to finding a new tenant. Be sure to check out the 3D Matterport tour for a virtual walkthrough!

Virtual Tour / Video

Property Level and Sizes

SqFt Lot 4687.00
Lot Size 0.11
Basement Exterior Entry, Interior Entry/Standard, Partial, Unfinished
Common Walls 2+ Common Walls

Interior Details

Appliances Gas Water Heater, Oven, Range
Laundry Features In Basement
Electric None
Flooring Carpet, Tile, Wood
Cooling None
Heating Forced Air, Natural Gas
Utilities Cable Available, Electricity Connected, Internet Access (Wired), Natural Gas Connected, Phone Available

Exterior Details

Exterior Features Private Yard
Patio/Porch Features Front Porch, Patio
Lot View City
Water Public
Sewer Public Sewer

Land Details

PPA 8863636.36
Road Responsibility Public Maintained Road

Garage & Parking

Total Parking 1

Exterior Construction

Roof Composition
Construction Materials Brick, Frame
Architectural Style Denver Square
Security Features Carbon Monoxide Detector(s), Smoke Detector(s)
Builder Source Public Records

Financial Details

PSF Total 310.11
PSF Finished 360.84
PSF Above Grade 360.84
Previous Year Tax 4937.00
Tax Year 2021

Schools

Elementary School Teller
Middle School Morey
High School East

  Location

  Schools

Elementary SchoolTeller
Middle SchoolMorey
High SchoolEast

  Walk Score®

Contact Me

Anne O’Brien

Anne O’Brien

HomeSmart Realty Group

About Me & My Skills

Represent clients looking for properties in the Denver, Denver Metro, South Corridor and North Corridor counties of the Front Range. Work in the challenging Denver real estate market, with the skills needed to locate, negotiate, and close on challenging deals of valuable properties. Bachelors in Mathematics, bringing analytical and technical skills for top value. Successful in negotiation, and strive to exceed client expectations.

From first time home buyers, to investors, to retirees looking to downsize, I find my clients the home that fits their needs, making it one of the healthiest decisions they have made!

Contact me for a current market analysis of your property, and/or to help customize a live search for your perfect Colorado home.

My History

- Specialize in Multi-family: duplex, and triplex listings in Denver metro areas
- First time home buyers love me
- Highly reviewed by Seniors
- Successfully executed contracts
- Successfully winning bidding wars
- Investor network actively looking to build to their portfolio
- 1031 exchange resource
- Knowledgeable about current market trends
- Reliable, experienced, passionate and goes above and beyond!
- Private listings

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