Overview

Rare opportunity to acquire a multifamily asset in the coveted Cory Merrill neighborhood. All units have been updated including kitchens & baths. Many systems have been upgraded within the last 5 years, including the roof, boiler and windows. Low maintenance, brick exterior & separate meters lead to minimal owner-paid expenses. 4 Car Attached garage plus off street parking for 4 more. Fantastic location is a quick jaunt to DU, South Gaylord St & Wash Park, Cherry Creek and Glendale. Minutes from the shopping and amenities of Colorado Blvd, the Light Rail and ideal I-25 access. Massive 13,600 sf lot could have future redevelopment potential. Units are rented under market value and could be leased at market rates starting 1-1-2018. Coin-Op laundry included for added income. Property was used previously as a 4 unit and may have the ability to be converted. Buyer to verify.

Location

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Neighborhood

Cory Merrill (34)

Property Details

  • Days on PL 39
  • Parking 4 Spaces
  • Lot Size 13,600 SF (0 Acres)
  • PSF $270
  • MLS ID 3208592
  • Type Income
  • Style Low Rise (1-3)
  • Architecture Mid-Century Modern
  • Structure Type Ranch/1 Story
  • Seller Individual
  • Above Grade sqft 4,818 SF
  • Finished sqft 4,818 FSF
  • Total sqft 4,818 TSF
  • Hoa Fees None
  • Year Built 1955
  • Faces
  • Amenities 1031 Exchange, Balcony, Cable Available, Ceiling Fan, Covered Deck, Covered Patio, Deck, Dishwasher, Disposal, Double Pane Windows, Eating Space / Kitchen, Fence, Front Porch, Garden Area, Income Potential, Laminate, Master Bath, Master Suite, Patio, Refrigerator (Kitchen), Remodeled, Smoke Free, Stove/Range/Oven, Tenant Occupied, Tile Floor, Updated, Vaulted, Vinyl/Linoleum, Walk-in Closets, Wood Floors, Yard

Additional Details

  • City Denver
  • School Districts Denver 1
  • Elementary School Cory
  • Junior High School Merrill
  • High School South
  • Zoned E-SU-DX
  • Taxes $4,421
  • County Denver
  • Heat Delivery Hot Water, Steam
  • Heat Fuel Gas
  • Cooling Ceiling Fan
  • Water
  • Sewer
  • Fireplaces
  • Basement Type
  • Basement Finished % %
  • Year of Construction 1955

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