Positioned at 1154 Corona Street, this well-located four-unit property offers investors a compelling combination of stable in-place income, recent capital improvements, and immediate upside potential. The property features a desirable unit mix of one 3-bedroom, one 2-bedroom, one 1-bedroom, and one studio unit. Tenants and owners alike will benefit from a rare 1:1
parking ratio. Recent updates to the roof and electrical systems provide valuable peace of mind and reduce near-term capital expenditure concerns. Two long-term tenants contribute to the property’s stability while also giving a new owner the opportunity to bring rents up to current market levels over time. Residents enjoy an exceptional central Denver location within easy walking distance of Cheesman Park, with convenient access to Cherry Creek, neighborhood restaurants, retail, entertainment, public transportation, and major employment centers. With a versatile unit mix, dedicated parking, recent major-system improvements, strong neighborhood appeal, and built-in rental upside, 1154 Corona Street is an attractive acquisition for investors seeking both dependable income and long-term growth in one of Denver’s most desirable urban neighborhoods.
Property details
Property
Type
Quadruplex
MLS type
Residential Income
Status
Active
Year built
1906
Stories
3
Living area
3,081 sqft
Price / sqft
$389
Lot
0.14 AC / 6,312 SF
MLS #
3313341
Interior
Features
Full
Heating
Radiant
Exterior & lot
Roof
Shingle
Fence
Full
Garage spaces
2
Schools
District
Denver 1
Elementary
Dora Moore
Middle
Dora Moore
High
East
Utilities
Utilities
Electricity Connected, Natural Gas Connected
Water
Public
Sewer
Public Sewer
Financial
Annual tax
$5,873
Parcel
05022-32-003-000
Special conditions
None Known
Location
Subdivision
Capitol Hill
County
Denver
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Listed by Austin Bengford, NorthPeak Commercial Advisors, LLC