Overview

The Melbourne is an eclectic mixed-use building consisting of 16 units (7 retail stores and 9 lofts) located North of Downtown in the Welton Street Corridor. Enjoy amazing views of Downtown Denver and quick accessibility to Downtown restaurants, shops, and entertainment. Located very close to the D Lightrail Line and other modes of public transportation. 11 surface parking spaces. Over $1,000,000 of recent capital improvements since 2015. Desirable modern and urban style. 6.08% Cap Rate, 8.61% total return.

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Location

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Neighborhood

Five Points (75)

Property Details

  • Days on PL 51
  • Parking 11 Spaces
  • Lot Size 10,965 SF (0 Acres)
  • PSF $377
  • MLS ID 5463677
  • Type Income
  • Style
  • Architecture
  • Structure Type Multi-Story
  • Seller Individual
  • Above Grade sqft 15,117 SF
  • Finished sqft 15,117 FSF
  • Total sqft 15,117 TSF
  • Hoa Fees None
  • Year Built 1906
  • Faces
  • Amenities 1031 Exchange, Air Conditioning-Individual, City View, Corner Lot, Eating Space / Kitchen, Income Potential, Microwave Oven, Mountain View, Near Public Transit, Patio, Refrigerator (Kitchen), Remodeled, Security Entrance, Stove/Range/Oven, Tenant Occupied, Updated, Wood Floors

Additional Details

  • City Denver
  • School Districts Denver 1
  • Elementary School Gilpin
  • Junior High School Cole Arts And Science Academy
  • High School East
  • Zoned CMX
  • Taxes $38,443
  • County Denver
  • Heat Delivery Forced Air
  • Heat Fuel Gas
  • Cooling Air Conditioning-Individual
  • Water
  • Sewer
  • Fireplaces
  • Basement Type
  • Basement Finished % %
  • Year of Construction 1906