Overview

Remodeled, turn-key 6 Unit apartment building on a huge lot, plus a development opportunity to build 10 more units to create a 16 unit building! Strong leases deliver high gross income! PRIME DENVER LOCATION. Five 3 Bedroom units and one 2 bedroom unit with plenty of off-street parking! This remodeled building is located in the University Hills neighborhood of Denver just minutes away from the prestigious University of Denver, Cherry Creek Shopping Center and just walking distance to many shops and restaurants along Colorado Blvd. SOLID and sustainable rents are in place. Keep the building as-is for a healthy cash flow or expand to a 16 unit while you collect rent! Architecture plans and renderings have been prepared for the buyer to convert to a 16 unit building to substantially increase value and income. Investors and Developers here's your chance!

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Neighborhood

University Hills

University Hills (20)

Property Details

  • Days on PL 63
  • Parking 10 Spaces
  • Lot Size 12,700 SF (0 Acres)
  • PSF $291
  • MLS ID 3956170
  • Type Income
  • Style
  • Architecture
  • Structure Type Multi-Story
  • Seller Individual
  • Above Grade sqft 6,168 SF
  • Finished sqft 6,168 FSF
  • Total sqft 6,168 TSF
  • Hoa Fees None
  • Year Built 1973
  • Faces
  • Amenities 1031 Exchange, Air Conditioning-Individual, Cable Available, Carpet, City View, Corner Lot, Dishwasher, Disposal, Eating Space / Kitchen, Income Potential, Microwave Oven, Refrigerator (Kitchen), Remodeled, Self-Cleaning Oven, Stove/Range/Oven, Tenant Occupied, Tile Floor, Updated, Wood Floors, Work Shop (Interior)

Additional Details

  • City Denver
  • School Districts Denver 1
  • Elementary School University Park
  • Junior High School Merrill
  • High School Thomas Jefferson
  • Zoned G-MU-8
  • Taxes $3,542
  • County Denver
  • Heat Delivery Forced Air
  • Heat Fuel Gas, Hot Water
  • Cooling Air Conditioning-Individual
  • Water
  • Sewer
  • Fireplaces
  • Basement Type
  • Basement Finished % %
  • Year of Construction 1973