$1,900,000 Price Analysis    ♡   Denver, CO 80209 10 bed 5 bath 4,140 SqFt ($458/SqFt) 0.29 acre lot. Built 1952 Listed 2024-05-07, Taxes $6,591 | Ⓧ USDA Ineligible due to price & location near Denver |
This trophy asset presents the rare opportunity to own a well maintained and irreplaceable fourplex in Washington Park
One of Denver's most desirable neighborhoods. The property boasts a highly desirable unit mix of 3 two bed/ one bath units and 1 expansive bi-level four bed/ two bath unit. The three two bedroom units are month to month while the large four bedroom unit is vacant for marketing purposes. All of the units feature hardwood floors, updated bathrooms, front and back entrances, designated yard space and 7 off-street parking spaces (4 of which are covered). This property caters to many different real estate investors offering multiple different ownership strategi es.
The first being a lucrative opportunity to do a party wall split and sell each unit individually. The second being a prfect buy and hold strategy for long term owners of one of Denver's best neighborhoods. This is especially interesting if the expansive basement space underneath the back two bedroom unit can be turned into liveable space. The third option is that it is a extraordinary candidate for owner occupants who can live in any of the 4 units while renting the others out. Lastly, the property sits on 12, 700 square feet of land that could be conducive for development of multiple homes, duplexes or a combination of both. For more details or inquiries, please reach out to Ryan Bloodworth or Nik MacCarter.
Presented by Nik Maccarter at
Modus Real Estate.
Property MLS #3389430 from REcolorado
Full Bathrooms: 5
Heating Features: Forced Air, Steam
Private Yard
Fencing: Partial
Patio And Porch Features: Covered, Patio
Road Responsibility: Public Maintained Road
Parking Total: 7
Lot Size Acres: 0.29
Lot Size Square Feet: 12700
Elementary School District: Denver 1
High School: South
High School District: Denver 1
Middle School: Merrill
Middle or Junior School District: Denver 1
Map directions Map directions Map directions Map directionsSource Listing Status: Active
County: Denver
Directions: Clarkson and Alameda
Tax Year: 2022
Source Property Type: Residential Income
Exclusions: Tenants Personal Property
Source Neighborhood: Shackelton Place
Parcel Number: 5114-17-005
Subdivision: Shackelton Place
Zoning: U-SU-B
Property Subtype: Quadplex
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2021 | $30,630 + $57,710 $88,340 | $6,591 |
| 2020 | $31,730 + $39,680 $71,410 | $5,298 |
| 2019 | $31,730 + $39,680 $71,410 | $5,149 |
| 2018 | $57,920 + $36,320 $94,240 | $7,290 |
| 2017 | $57,920 + $36,320 $94,240 | $7,269 |
| 2016 | $27,580 + $36,150 $63,730 | $5,196 |
| 2015 | $27,580 + $36,150 $63,730 | $4,979 |
| 2014 | $35,100 + $13,940 $49,040 | $4,072 |
| 2013 | $35,100 + $13,940 $49,040 | $4,074 |
| 2012 | $27,353 + $19,677 $47,030 | $3,953 |
| 2010 | $27,353 + $19,677 $47,030 | $3,033 |
| 2009 | $25,883 + $19,677 $45,560 | $2,967 |
| 2008 | $25,883 + $19,677 $45,560 | $3,305 |
| 2007 | $23,264 + $26,236 $49,500 | $3,311 |
$1,900,000
REcolorado
Operating Expense Includes: Insurance, Maintenance, Real Estate Tax, Utilities
Year Built: 1952
Above Grade Finished Area: 4140
Common Walls: 2+ Common Walls
Construction Materials: Brick
Direction Faces: West
Foundation Details: Concrete Perimeter
Levels: One
Property Age: 72
Property Attached: Yes
Property Condition: Updated/Remodeled
Roof: Architectural Shingles
Structure Type: Quadruplex
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.