$1,566,000
$1,775,000
11.8%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
6 Baths
4,044 SqFt
SOLD DATE : 08/27/2024
Key Details
Sold Price $1,566,000
Property Type Multi-Family
Sub Type Quadplex
Listing Status Sold
Purchase Type For Sale
Square Footage 4,044 sqft
Price per Sqft $387
Subdivision North
MLS Listing ID 6353867
Sold Date 08/27/24
Style Traditional
Bedrooms 8
HOA Y/N No
Originating Board recolorado
Year Built 1954
Annual Tax Amount $8,173
Tax Year 2022
Lot Size 9,147 Sqft
Acres 0.21
Property Description
Mid-Century condos within one building in fabulous North Wash Park neighborhood. NO HOA Dues to pay, as you own the whole building. Six units- 4 One bed, one bath units and 2 Two bedroom, one bath units each with their own storage in the basement. The building has been well cared for and could yield a much higher cap rate with some cosmetic updates. The building has had one owner for 26+ years. Every unit is currently leased and when they do come available they are usually rented pretty quickly! Two units leases expire in June, 2024. The rents are currently drastically reduced due to the Tenant's longevity at their residences. Two units are rented for a full year close to market value. One unit is month to month and the last unit is rented through August 2024.
All showings are to be scheduled directly with the listing agent. Potential Buyers must show proof of financing and funds before showings.
Location
State CO
County Denver
Zoning G-MU-3
Rooms
Basement Exterior Entry, Finished
Interior
Heating Forced Air
Cooling Evaporative Cooling
Fireplace N
Appliance Dryer, Range, Refrigerator, Washer
Laundry In Basement
Exterior
Utilities Available Electricity Connected, Natural Gas Connected
Roof Type Composition
Total Parking Spaces 6
Garage No
Building
Lot Description Level, Sloped
Story One
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Brick
Schools
Elementary Schools Dora Moore
Middle Schools Grant
High Schools South
School District Denver 1
Others
Senior Community No
Ownership Corporation/Trust
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Special Listing Condition None
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Bought with Corcoran Perry & Co.
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Consultant | Broker Associate | FA100030130