$800,000
$850,000
5.9%For more information regarding the value of a property, please contact us for a free consultation.
1280 N Race Denver, CO 80206
5 Beds
4 Baths
2,867 SqFt
Key Details
Sold Price $800,000
Property Type Multi-Family
Sub Type Quadplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,867 sqft
Price per Sqft $279
Subdivision Wymans
MLS Listing ID 3348094
Sold Date 05/06/24
Bedrooms 5
HOA Y/N No
Abv Grd Liv Area 2,867
Originating Board recolorado
Year Built 1894
Annual Tax Amount $5,988
Tax Year 2024
Lot Size 3,049 Sqft
Acres 0.07
Property Description
Value-Add quadplex one block away from Cheesman Park offered at a 5.87% cap rate.
Diverse unit mix consisting of one studio, two 1bds, and one 2bd. Two of these units have been recently renewed at higher lease rates.
New owner can increase income by renovating all units and increase rent.
Alley parking in the rear of the building.
Location
State CO
County Denver
Zoning G-MU-3
Rooms
Basement Partial
Interior
Heating Forced Air
Cooling None
Fireplace N
Exterior
Roof Type Composition
Total Parking Spaces 3
Garage No
Building
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Brick
Schools
Elementary Schools Bromwell
Middle Schools Morey
High Schools East
School District Denver 1
Others
Senior Community No
Ownership Individual
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 Hazel Sky Homes LLC