Turnkey, high-yield historic 4-plex in a premium Denver rental corridor. Over $100K in recent capital expenditures eliminates deferred maintenance risk: fully excavated/waterproofed foundation, Newer roof, gutters and downspouts, new gas line, new lead-free water lines, and partial new exterior brickwork. Excellent utility structure with 5 newly upgraded electrical panels (1 per unit) and 1 for the shared laundry room to easily pass power costs to tenants. Full 1-year leases already in place for each unit. Highly stable asset with immediate day-one income and zero vacancy friction. Tenants pay utilities. Located in a high-demand, low-vacancy pocket steps from Cheesman Park, Congress Park, and the Bluebird Theater.
Property details
Property
Type
Quadruplex
MLS type
Residential Income
Status
Active
Year built
1901
Stories
2
Living area
2,892 sqft
Price / sqft
$328
MLS #
3436992
Interior
Features
Ceiling Fan(s), Eat-in Kitchen, Entrance Foyer, High Ceilings, High Speed Internet, Vaulted Ceiling(s)