$1,750,000 Price Analysis    ♡   Denver, CO 80223 16 bed 8 bath 5,450 SqFt ($321/SqFt) 8,003SqFt lot. Built 2008 Listed 2024-04-04, Taxes $4,326 | Ⓧ USDA Ineligible due to price & location near Denver |
1333 Arizona Ave is a well maintained town-house style fourplex.
This property is offered at a 6% cap rate with future lease changes scheduled to increase the income even higher. Located in the West Denver neighborhood of Ruby Hill, it is one block north of Sanderson Gulch Playground and close to Ruby Hill Park and the Overland Park and Golf Course. This central Denver location is situated near prominent City thoroughfares such as Mississippi Ave, Santa Fe Drive and I-25.
It is 15 minutes from Downtown Denver and located near various retail areas such as Broadway Blvd, with iconic Denver areas such as DU and Washington Park to the east. This property offers long-term tenants with exceptional rents. Originally built in 2008, this proprty has been consistently maintained and well-kept, making it an ideal buy-and-hold investment in one of the hottest markets in the country. See offering Memorandum for details or call listing broker Erik Carman .
Presented by Erik Carman at
COMPASS.
Property MLS #3051183 from REcolorado
Full Bathrooms: 8
Dryer
Oven
Refrigerator
Washer
Laundry Features: In Unit
Lot Size Acres: 0.1837236
Lot Size Square Feet: 8003
Elementary School District: Denver 1
High School: Abraham Lincoln
High School District: Denver 1
Middle School: Grant
Middle or Junior School District: Denver 1
Map directions Map directions Map directions Map directionsTenant Pays: Electricity, Gas, Water
Source Listing Status: Active
County: Denver
Tax Year: 2022
Source Property Type: Residential Income
Exclusions: seller and tenants personal property.
Source Neighborhood: Manchester Heights
Owner Pays: Exterior Maintenance, Insurance, Taxes, Water
Parcel Number: 5211-06-043
Subdivision: Manchester Heights
Zoning: E-TH-2.5
Property Subtype: Quadplex
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $42,940 + $11,460 $54,400 | $4,326 |
| 2021 | $45,150 + $12,050 $57,200 | $4,268 |
| 2020 | $45,730 + $7,500 $53,230 | $3,949 |
| 2019 | $45,730 + $7,500 $53,230 | $3,838 |
| 2018 | $34,020 + $6,470 $40,490 | $3,132 |
| 2017 | $34,020 + $6,470 $40,490 | $3,123 |
| 2016 | $32,450 + $2,680 $35,130 | $2,864 |
| 2015 | $32,450 + $2,680 $35,130 | $2,744 |
| 2014 | $22,980 + $3,180 $26,160 | $2,172 |
| 2013 | $22,980 + $3,180 $26,160 | $2,173 |
| 2012 | $15,952 + $4,458 $20,410 | $1,715 |
| 2010 | $15,952 + $4,458 $20,410 | $2,649 |
| 2009 | $35,332 + $4,458 $39,790 | $2,591 |
| 2008 | $35,332 + $4,458 $39,790 | $3,265 |
$1,750,000
REcolorado
Sold 2011-02-22
$385,000
Public Record
Operating Expense Includes: Advertising, Insurance, Maintenance, Real Estate Tax, Utilities
Year Built: 2008
Above Grade Finished Area: 5450
Common Walls: 2+ Common Walls
Construction Materials: Frame
Levels: Two
Property Age: 16
Property Attached: Yes
Property Condition: Updated/Remodeled
Structure Type: Quadruplex
Architectural Style: A-Frame
Water Source: Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.