$700,000
$749,900
6.7%For more information regarding the value of a property, please contact us for a free consultation.
6 Beds
2 Baths
1,820 SqFt
SOLD DATE : 12/30/2021
Key Details
Sold Price $700,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,820 sqft
Price per Sqft $384
Subdivision University Park Amended Map
MLS Listing ID 8819741
Sold Date 12/30/21
Style Mid-Century Modern
Bedrooms 6
HOA Y/N No
Originating Board recolorado
Year Built 1955
Annual Tax Amount $2,900
Tax Year 2020
Lot Size 2,178 Sqft
Acres 0.05
Property Description
Attached Up/Down Duplex with lower unit a garden level. Steps to University of Denver campus and is surrounded by restaurants, parks, and shops and sits halfway between downtown and DTC, both easily accessible by public transit, light rail just a few blocks away. No HOA. Open floor plan. Enjoy easy access to I-25, Observatory Park, Wash Park, DTC, Downtown Denver, Cherry Creek and Front Range. Quick move-in possible! Rare four off-street parking spaces (tandum). Utility room with full size washer and dryer.
This property is currently configured with 2 bedrooms. Proforma features converting living room to third bedroom with a closet. See proposed floor plan in photos. Proforma rents based on adjacent DU housing complex which rents 3 bedroom units for $1,100 PER bedroom. Proforma uses $1,000 per bedroom for rents. Even better Cap Rate if you go head to head with Student Housing and change going rate. Zillow rental rates show as per unit but you can call the housing department and confirm the price is per bedroom. Lots of upside with this property by simply adding a wall and closet.
Access to unit is down alley on North side of property and then to the front doors on the South side of the property.
Ownership of other units on the property is by other parties.
Location
State CO
County Denver
Zoning G-MU-5
Interior
Interior Features Eat-in Kitchen
Heating Forced Air, Natural Gas
Cooling None
Flooring Carpet, Tile, Wood
Fireplace Y
Appliance Dishwasher, Dryer, Gas Water Heater, Range, Refrigerator
Laundry In Unit
Exterior
Exterior Feature Balcony, Rain Gutters
Garage Driveway-Dirt, Tandem
Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Connected
Roof Type Composition
Parking Type Driveway-Dirt, Tandem
Total Parking Spaces 4
Garage No
Building
Lot Description Corner Lot, Level
Story Multi/Split
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Level or Stories Multi/Split
Structure Type Brick, Frame
Schools
Elementary Schools University Park
Middle Schools Merrill
High Schools South
School District Denver 1
Others
Senior Community No
Ownership Agent Owner
Acceptable Financing 1031 Exchange, Cash, Conventional, FHA
Listing Terms 1031 Exchange, Cash, Conventional, FHA
Special Listing Condition None
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Bought with BSW Real Estate, LLC