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Denver,CO 80219
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 8566059
Year Built 1960
Annual Tax Amount $5,373
Tax Year 2024
Lot Size 0.363 Acres
Property Sub-Type Multi Family
Property Description
Great investment opportunity for worry-free cash flow supported by stable occupancy, along with value add potential. The building is 100% occupied as of the listing date, with several long term tenants.
The next owner can increase revenue even without raising rent by implementing RUBS and paid parking, and reducing expenses with professional or self management. Average rent is currently 15% below market. Unit updates on turnover will ensure this property continues to perform at market rate.
Location is perfect for workforce housing, in a quiet neighborhood just off Federal Blvd, near bus routes, schools, and urgent care. Local amenities include numerous restaurants, parks, and outdoor entertainment. In-unit amenities include washer/dryer hookups and individual furnace and water heater.
Location
State CO
County Denver
Zoning S-MU-3
Building
Lot Description Corner Lot
Sewer Public Sewer
Water Public
Structure Type Brick
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional