NEW PRICE! 5.3% cap rate, exceptional condition and location! Beautiful tri-plex blocks to City Park and 17th Ave Restaurant Row! Nicely remodeled over the past 5 years and currently legally zoned for 3 units with City of Denver. Each floor is approximately 1,100 SF with a gorgeous shared entry area for access to Units A and B. All original woodwork intact. Original windows on main floor with decorative glass and original refinished wood.Wood flooring throughout under 1 year old high end carpet. New windows on 2nd floor and main floor kitchen and bathrooms. Roof and sewer inspected in past year. Upgraded to Central AC and gas forced air heat within past 5 years! The third unit, C, has a private entry along the side of the house. Each unit comes with one tandem parking space, shared fenced back yard with patio and furniture included.
5,000SF corner lot a couple blocks to city park zoned G-RO-3 which allows for office/residential/mixed use/daycare, etc. up to 3 stories high. Currently only 2 stories utilized and future ADU can easily be approved and built in the existing parking area for additional income!
The 2nd floor unit has a cute covered balcony off the kitchen that has been reinforced with a new railing for safety. The main floor unit has a rear mud room with private entry as the bonus enclosed front porch currently used as an office/yoga studio by renters. This home has been updated with new paint inside and out, new appliances, and a remodeled basement apartment. All units rented in one day at the current rents and are occupied until June 30, 2022. No concessions were given to tenants.
Please ask the listing agent or your agent for access to financial reports and video tours of each unit in the supplemental materials on MLS. This property is in process of being refinanced and once that happens it will be off the market. Please act quickly if you are interested!
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