Outstanding value-add investment opportunity on a rare double lot in a prime central Denver location! Originally built as a single-family home, this property was converted into a four-unit income property featuring a studio, one-bedroom, two-bedroom, and three-bedroom unit, offering a diverse unit mix and multiple income streams.
Three of the four units are currently tenant occupied, providing immediate rental income. The fourth unit, a three-bedroom basement unit, is vacant following foundation repairs and is ready for the next owner to complete the renovation. With the remaining improvements finished, the property offers an excellent opportunity to increase rental income and build additional equity.
Situated on a double lot, the property features a large off-street parking area with space for approximately six vehicles—a valuable amenity in central Denver. Conveniently located near South Broadway, downtown Denver, shopping, restaurants, parks, public transportation, and major commuter routes, this property presents an excellent opportunity for investors seeking immediate cash flow with significant upside potential. Property is being sold AS-IS.
Property details
Property
Type
Quadruplex
MLS type
Residential Income
Status
Active
Year built
1925
Stories
1
Living area
2,352 sqft
Price / sqft
$335
Lot
0.21 AC / 8,950 SF
MLS #
2419981
Interior
Features
Finished, Full
Flooring
Carpet, Laminate, Linoleum, Vinyl
Heating
Baseboard
Exterior & lot
Roof
Composition
Lot
Level, Near Public Transit
Fence
Partial
Parking
Driveway-Gravel
Schools
District
Denver 1
Elementary
Lincoln
Middle
Grant
High
South
Utilities
Utilities
Electricity Connected, Internet Access (Wired), Natural Gas Connected, Phone Connected
Water
Public
Sewer
Public Sewer
Financial
Annual tax
$4,360
Parcel
5151-09-024
Special conditions
None Known
Location
Subdivision
South Broadway
County
Denver
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Listed by Greg Cunningham, Grace Management & Invest.