$796,500
$750,000
6.2%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
2 Baths
1,784 SqFt
SOLD DATE : 03/28/2023
Key Details
Sold Price $796,500
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,784 sqft
Price per Sqft $446
Subdivision Evanston
MLS Listing ID 3277484
Sold Date 03/28/23
Style Contemporary
Bedrooms 4
HOA Y/N No
Originating Board recolorado
Year Built 1953
Annual Tax Amount $3,074
Tax Year 2021
Lot Size 6,098 Sqft
Acres 0.14
Property Description
Splendid over/under fully leased brick duplex located on the corner of the 2400 block of South Gilpin St. The strategic location of this property allows it to pull its tenant base from Centura Porter Adventist Hospital, the University of Denver, and people who either work in downtown Denver or the Denver Tech Center. Additionally, it is steps away from the Harvard Gulch pedestrian Trail allowing easy access to Downing St amenities such as Harvard Gulch mini park, DoBoer Park, Denver Beer CO, Little India, Lil Coffee Shop, Right Cream Ice Cream, and a Conoco gas station. The property is fully leased. The upper unit is paying $1900 + 50% G&E with a lease expiring May 31, 2023. The lower unit tenant is paying $1600 +50% G&E on a MTM basis and will be vacating at the end of April which gives the future owner immediate access to markets rents. The upper unit market rent equates to approximately $2300/mo and The Garden Level unit market rent should be approximately $1800/mo. This property will have very little down time between tenants and the previous owner had the upper unit pre-leased during the acquisition. Recent upgrades include: New HVAC unit installed June 2021. New Garden Level unit shower by Bathfitter installed February 2023. New Baseboard heater in living room of garden level unit installed 2022. New tiling in the kitchen of the upper unit and the bathroom of the lower unit installed June 2021. New Furnace installed March 2022. New Carpet & paint in the upper unit installed June 2021. New Egress Windows in lower unit bedrooms installed June 2021.
Location
State CO
County Denver
Zoning E-TU-C
Rooms
Basement Daylight, Exterior Entry, Finished, Interior Entry
Interior
Interior Features Ceiling Fan(s), Eat-in Kitchen, Pantry, Smoke Free, Utility Sink
Heating Baseboard, Forced Air
Cooling Central Air
Flooring Carpet, Linoleum, Tile, Wood
Fireplace Y
Appliance Disposal, Dryer, Gas Water Heater, Oven, Refrigerator, Washer
Laundry In Basement, Main Level
Exterior
Exterior Feature Lighting, Private Yard, Rain Gutters
Garage Concrete
Garage Spaces 2.0
Fence Partial
Utilities Available Cable Available, Electricity Connected, Internet Access (Wired), Natural Gas Connected
Roof Type Architecural Shingle
Parking Type Concrete
Total Parking Spaces 2
Garage No
Building
Lot Description Corner Lot, Flood Zone, Landscaped, Level, Sprinklers In Front, Sprinklers In Rear
Story One
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Brick
Schools
Elementary Schools Asbury
Middle Schools Grant
High Schools South
School District Denver 1
Others
Senior Community No
Ownership Agent Owner
Acceptable Financing 1031 Exchange, Cash, Conventional, FHA, Jumbo, VA Loan
Listing Terms 1031 Exchange, Cash, Conventional, FHA, Jumbo, VA Loan
Special Listing Condition None
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Bought with Compass - Denver
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