Menu1204 Columbine Street
Denver, CO 80206 — Denver county
Price
$975,000
Sqft
3144.00 SqFt
Baths
4
Beds
5
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!
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
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
Parking Spaces
1
Exterior Construction
Roof
Composition
Construction Materials
Brick, Frame
Architectural Style
Denver Square
Exterior Features
Private Yard
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
Year Tax
2021
Primary HOA Fees
0.00
Location
Schools
Elementary School
Teller
Middle School
Morey
High School
East
Walk Score®
Contact me about this property
Anne O'Brien
HomeSmart Realty Group
8300 E Maplewood Ave
Greenwood Village, CO 80111, USA
8300 E Maplewood Ave
Greenwood Village, CO 80111, USA
- (303) 332-9504 (Mobile)
- Invitation Code: anneobrien
- anneobriencllc@gmail.com
- https://AnneObrienHomes.com
Contact Me
With courtesy of Re/max Alliance Posted by REcolorado (Denver)
Schedule a Showing
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