UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 5,043 sqft
Subdivision Athmar Park
MLS Listing ID IRE9735734
Bedrooms 8
Full Baths 4
Half Baths 4
HOA Y/N No
Year Built 1979
Annual Tax Amount $6,545
Tax Year 2024
Lot Size 7,840 Sqft
Acres 0.18
Source ires
Property Description
Three units are currently occupied (all June 1st expirations), providing a new owner to renew current leases, capturing the immediate income, while one unit is vacant and fully renovated, featuring new drywall, fresh paint, new carpet, and updated appliances - ideal for an owner-occupant or to lease at market rent; or provides a new owner an opportunity to not renew the remaining tenants and have a fully vacant 4-unit building to reposition.
The asset offers a compelling blend of in-place cash flow and upside through rent increases, with similar units in the area supporting higher rental rates. Recent improvements and ongoing exterior cleanup enhance the property's appeal and reduce near-term capital needs.
Located with convenient access to major corridors, public transportation, and neighborhood amenities, this property presents an excellent opportunity for investors seeking a stable, small multifamily asset with operational upside.
Location
State CO
County Denver
Community Athmar Park
Area Metro Denver
Zoning E-TU-C
Rooms
Basement Radon Test Available
Interior
Interior Features Pantry
Heating Forced Air
Cooling Central Air, Ceiling Fan(s)
Appliance Dishwasher, Refrigerator, Washer, Dryer, Microwave, Disposal
Exterior
Parking Features Off Street
Garage Spaces 8.0
Fence Fenced
View Y/N No
Roof Type Other
Porch Patio
Garage Yes
Building
Lot Description Level, Outbuildings, House/Lot Faces NE, Paved, Gutters
Sewer Public Sewer
Water City
Level or Stories Two
Structure Type Frame,Concrete
New Construction false
Schools
Elementary Schools Goldrick
Middle Schools Kepner
High Schools Denver District 1
School District Denver District 1
Others
Acceptable Financing Cash, Conventional, FHA, Lease Purchase, 1031 Exchange
Listing Terms Cash, Conventional, FHA, Lease Purchase, 1031 Exchange
Nearby Locations
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