$4,200,000
$4,250,000
1.2%For more information regarding the value of a property, please contact us for a free consultation.
1.31 Acres Lot
SOLD DATE : 10/06/2022
Key Details
Sold Price $4,200,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 8952165
Sold Date 10/06/22
HOA Y/N No
Originating Board recolorado
Year Built 1925
Annual Tax Amount $17,579
Tax Year 2022
Lot Size 1.310 Acres
Acres 1.31
Property Description
• Great Unit Mix: (1) Studio; (11) 1Bd/1Ba & (7) 2Bd/1Ba
• Massive Additional Income from 27 On-Site Garage/Storage Units
• Many Recent Capital Improvements Including: Partially Renovated Units, New Roofs & Exterior Paint
• 5.68% Proforma CAP Rate
• 1.31 Acre Lot Primed for Future Redevelopment
• Excellent Visibility on West 38th Avenue
• Located in High Priority Redevelopment Area Nicknamed the Ridge at 38
• Zoned MU-N (Mixed-Use Neighborhood)
• Just Four Miles West of Downtown Denver
• Strong Neighborhood Demographics
Location
State CO
County Jefferson
Zoning MU-N
Interior
Fireplace N
Exterior
Garage Spaces 27.0
Utilities Available Cable Available, Electricity Available, Electricity Connected, Phone Available, Phone Connected, Sewer Connected
Roof Type Composition
Total Parking Spaces 27
Garage No
Building
Lot Description Landscaped, Near Public Transit
Sewer Public Sewer
Water Public
Structure Type Brick, Frame, Wood Siding
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Bought with Pinnacle Real Estate Advisors