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$ 950,000
Est. payment | /mo
4,840 SqFt
$ 950,000
Est. payment | /mo
4,840 SqFt
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,840 sqft
Price per Sqft $196
MLS Listing ID 2164392
HOA Y/N No
Year Built 1896
Annual Tax Amount $8,372
Tax Year 2024
Lot Size 6,250 Sqft
Acres 0.14
Property Sub-Type Multi Family
Source recolorado
Property Description
This classic Denver Square presents a compelling value-add opportunity in the highly desirable West City Park area. Configured into 6 apartment units, the property offers strong in-place income with additional upside potential.
Current Status:
5 units occupied, with 4 long-term tenants
All tenants are currently month-to-month, providing flexibility for rent adjustments or repositioning
Basement Unit (Unit 6) is vacant and ready for a full renovation, creating an opportunity to increase rental income
Property Features:
Central boiler system (installed in 2015)
Coin-operated laundry located in the basement
All utilities currently included in rent
Zoned G-RO-3, the property may allow for short-term rental opportunities (buyer to verify zoning and permitting), adding further income potential.
While the property requires TLC and updates, its location, unit count, and layout offer significant upside for increased cash flow and long-term appreciation.
Additional Information:
Listing broker is also the property manager and must be present for all showings
Buyer to verify square footage, zoning use, and cap rate
All information deemed reliable but not guaranteed
Current Status:
5 units occupied, with 4 long-term tenants
All tenants are currently month-to-month, providing flexibility for rent adjustments or repositioning
Basement Unit (Unit 6) is vacant and ready for a full renovation, creating an opportunity to increase rental income
Property Features:
Central boiler system (installed in 2015)
Coin-operated laundry located in the basement
All utilities currently included in rent
Zoned G-RO-3, the property may allow for short-term rental opportunities (buyer to verify zoning and permitting), adding further income potential.
While the property requires TLC and updates, its location, unit count, and layout offer significant upside for increased cash flow and long-term appreciation.
Additional Information:
Listing broker is also the property manager and must be present for all showings
Buyer to verify square footage, zoning use, and cap rate
All information deemed reliable but not guaranteed
Location
State CO
County Denver
Zoning G-RO-3
Interior
Fireplace N
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected
Roof Type Composition
Total Parking Spaces 6
Garage No
Building
Lot Description Corner Lot, Historical District, Near Public Transit, Sprinklers In Front
Sewer Public Sewer
Water Public
Structure Type Brick,Concrete
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed by MB Care Real Estate
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