Denver, CO 80218,1364 N Franklin ST
Denver, CO 80218,1364 N Franklin ST
Denver, CO 80218,1364 N Franklin ST
Denver, CO 80218,1364 N Franklin ST
Denver, CO 80218,1364 N Franklin ST
Denver, CO 80218,1364 N Franklin ST
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$1,120,000

$1,150,000

2.6%
Est.Price: ?

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Est. payment /mo

7 Beds

4 Baths

3,946 SqFt


SOLD DATE : 11/15/2021

Key Details

Sold Price $1,120,000

Property Type Multi-Family

Sub Type Triplex

Listing Status Sold

Purchase Type For Sale

Square Footage 3,946 sqft

Price per Sqft $283

Subdivision Cheesman Park

MLS Listing ID 6662165

Sold Date 11/15/21

Style Denver Square

Bedrooms 7

HOA Y/N No

Originating Board recolorado

Year Built 1900

Annual Tax Amount $4,470

Tax Year 2019

Lot Size 6,098 Sqft

Acres 0.14

Property Description

Amazing location one block from Cheesman Park in the highly desirable East High School district. Gorgeous turn of the century Denver Square converted mansion. You won’t want to miss your chance to own a piece of Denver architectural history. Countless period touches like the main staircase, original doorbell, hardwood floors and on and on. Multiple incredible opportunities: 1. Live in one unit (mortgage free) and rent out two as Airbnb or to traditional year-round tenants to pay the mortgage. 2. Great cash flow opportunity as is fully tenant occupied. 3. Easy conversion back to a single family for a flip or to live in and enjoy. Two of the three units have their own laundry setup in the unit. Currently situation is as follows: Unit A $2900 (includes two car garage) pays 55% of utility bills. Lease ends 5/30/22. 4 bed 2 bath (possible $200/mo bump if they add another room mate). Top two floors with the entrance on the front door on the porch. Unit B $1950 (two parking spots) pays 30% of utility bills. Lease ends 6/1/22. 2 bed 1 bath. Main floor with the entrance on the South side of the house. Unit C $950 (one parking spot). Lease is currently month-to-month. 1 bed 1 bath. Basement with the entrance from the back of the house. Rent Total is $5,800 per month. Each unit has private access. Unit B could likely get an additional $100+ more per month on the next lease renewal. This is a fully occupied turnkey investment opportunity. Always easy to rent and low maintenance. Solid long-term investment in a premium location. Tenants in the area love the historical charm of the home and the fantastic location. There is a detached two car garage and three off alley parking spaces in total. Amazing central location on the North side of Cheesman Park with access to all the bars and restaurants on the Colfax corridor, Cheesman Park, Denver Botanic Gardens, City Park, Congress Park, Cherry Creek and Downtown.

Location

State CO

County Denver

Zoning U-RH-3A

Rooms

Basement Partial

Interior

Heating Forced Air

Cooling Air Conditioning-Room

Flooring Carpet, Tile, Wood

Fireplaces Number 1

Fireplaces Type Bedroom

Fireplace Y

Appliance Cooktop, Dishwasher, Disposal, Dryer, Gas Water Heater, Oven, Refrigerator, Washer

Laundry In Unit, Multiple Locations

Exterior

Exterior Feature Balcony, Private Yard, Rain Gutters

Garage Exterior Access Door

Garage Spaces 2.0

Fence Full

Utilities Available Electricity Connected, Natural Gas Connected, Phone Connected

Roof Type Composition

Parking Type Exterior Access Door

Total Parking Spaces 2

Garage No

Building

Lot Description Historical District, Irrigated, Level, Sprinklers In Front, Sprinklers In Rear, Subdividable

Story Three Or More

Foundation Structural

Sewer Public Sewer

Water Public

Level or Stories Three Or More

Structure Type Brick, Frame

Schools

Elementary Schools Dora Moore

Middle Schools Morey

High Schools East

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 Realty Success
Bought with Keller Williams Realty Success

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Matt Thomas

Consultant | Broker Associate | FA100030130

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