$475,000
$475,000
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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
Originating Board recolorado
Year Built 1936
Annual Tax Amount $2,090
Tax Year 2020
Lot Size 6,534 Sqft
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 ROXANE@MYHOMETEAMDENVER.COM.
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
Story One
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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