$825,000
$874,000
5.6%For more information regarding the value of a property, please contact us for a free consultation.
5 Beds
2 Baths
1,894 SqFt
SOLD DATE : 03/21/2024
Key Details
Sold Price $825,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,894 sqft
Price per Sqft $435
Subdivision Sloan'S Lake
MLS Listing ID 6791795
Sold Date 03/21/24
Bedrooms 5
HOA Y/N No
Originating Board recolorado
Year Built 1953
Annual Tax Amount $2,900
Tax Year 2022
Lot Size 5,662 Sqft
Acres 0.13
Property Description
Welcome to an outstanding real estate opportunity conveniently nestled near the picturesque SLOAN'S LAKE and near (0.2 mi) EMPOWER FIELD at Mile High, home to our beloved Denver Broncos and just 4 blocks from Sloan Lake. This property, located in one of the city's most sought-after neighborhoods, offers a unique blend of location, versatility, and potential.
This expansive property consists of two distinct units: Unit "A" features THREE BEDROOMS and one bathroom, while Unit "B" offers TWO BEDROOMS and one bathroom PLUS DEN, each unit with its own separate entrances. This arrangement is perfect for anyone seeking to maximize their investment by hosting long-term or (AIRBNB or VRBO) short-term rentals to help offset mortgage costs. Currently, the back unit is already rented, providing IMMEDIATE INCOME.
According to the Denver Zoning Code, what truly sets this property apart is its zoning status. It falls under the G-MU-3 zoning, allowing for a variety of future development possibilities with a maximum building height of three stories. This opens up the potential for compelling opportunity for future development or garage conversion for an additional unit.
Furthermore, ample parking space is available, thanks to a spacious 3-CAR GARAGE that is currently not rented and FOUR OFF-STREET parking spots. Whether you're an investor looking for a lucrative venture or a homeowner with a vision, this remarkable opportunity is not to be missed.
Location
State CO
County Denver
Zoning G-MU-3
Rooms
Basement Crawl Space
Interior
Interior Features Ceiling Fan(s), No Stairs
Heating Forced Air
Cooling Air Conditioning-Room, Central Air
Flooring Vinyl
Fireplace N
Appliance Dishwasher, Disposal, Dryer, Gas Water Heater, Oven, Refrigerator, Washer
Laundry In Unit
Exterior
Exterior Feature Private Yard
Garage Concrete, Oversized, Tandem
Garage Spaces 3.0
Fence Partial
Utilities Available Electricity Available, Natural Gas Available, Phone Available
View City
Roof Type Composition
Total Parking Spaces 7
Garage No
Building
Lot Description Landscaped, Near Public Transit
Story One
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Brick,Frame,Vinyl Siding
Schools
Elementary Schools Cheltenham
Middle Schools Skinner
High Schools North
School District Denver 1
Others
Senior Community No
Ownership Individual
Acceptable Financing 1031 Exchange, Cash, Conventional, FHA, VA Loan
Listing Terms 1031 Exchange, Cash, Conventional, FHA, VA Loan
Special Listing Condition None
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Bought with ACTION PROPERTIES INC
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Broker-Owner | Lic# 40035149
jenelle@supremerealtygroup.com
11786 Shaffer Place Unit S-201, Littleton, CO, 80127