Estimated Value: $973,000 - $1,279,628
Fantastic, turn-key duplex located in the heart of beautiful Congress Park. Both sides are fully updated/renovated. Strong rental history and little turnover, with most tenants leasing for 2-5 years. Newer roof, easy to maintain landscaping, and great curb appeal. Live in one, rent the other for owner-occupied financing! 1001 Adams has 3 Bedrooms featuring a master suite with an en-suite master bath. The basement has a non-conforming bedroom with a large tv/entertainment room and a wet bar. 1003 Adams has 3 Bedrooms and 1.75 baths (basement bedroom is non-conforming), featuring an eat-in breakfast nook (or a home office area), a large bedroom in the basement with two closets (could easily be split into 2 bedrooms making this a 4 bedroom or converted to master suite). Both units have beautiful hardwood floors, exposed brick in the basements, individual laundry-rooms, and ample storage. There is 3 car garage (2 spaces are currently included with the 1001 lease and 1 car is included with 1003 lease) and a large patio area at the rear of the property. Opportunity to add investment value by raising rents (1001 rent has not been raised in 5 years), charging for garage spaces, charging the tenants for the water bill, and putting the lawn responsibility to the tenant. This is an incredible opportunity to purchase a full-duplex in Congress Park either as an investment property or to offset your own mortgage in the hottest neighborhood in Denver by renting one side and living in the other.
Please do not disturb the tenants.
Last Agent to Sell the Property
VanWest Real Estate Group, LLC License #100024970 Listed on: 09/18/2020
Home Type
Est. Annual Taxes
Year Built
Lot Details
Parking
Home Design
Interior Spaces
Kitchen
Bedrooms and Bathrooms
Laundry
Finished Basement
Home Security
Eco-Friendly Details
Outdoor Features
Schools
Utilities
Listing and Financial Details
Overview
Building Details
$1,299,000
The Residences at 5th Avenue are situated in a highly desirable and walkable area of Denver. This 3-unit rental property benefits from proximity to amenities such as parks, schools, restaurants, and public transportation. The demand for rental properties in this location is likely to remain strong for years to come.
Teal Nipp Hagan Kaufman Hagan
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Wilbanks Leigh | $1,221,250 | Stewart Title | |
| Anne Cosby Revocable Trust | -- | None Available | |
| Cosby Anne | -- | None Available | |
| Anne Cosby Revocable Trust | -- | None Available | |
| Cosby Michael P | $515,000 | Land Title | |
| Klodzen George | -- | -- | |
| Klodzen George | -- | -- |
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Wilbanks Leigh | $791,700 | |
| Previous Owner | Cosby Anne | $391,000 | |
| Previous Owner | Peterson Shannon C | $409,750 | |
| Previous Owner | Cosby Michael P | $412,000 |
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/31/2020 12/31/20 | Sold | $1,221,500 | -2.3% | $339 / Sq Ft |
| 12/08/2020 12/08/20 | Pending | -- | -- | -- |
| 11/23/2020 11/23/20 | Price Changed | $1,250,000 | -5.7% | $347 / Sq Ft |
| 09/18/2020 09/18/20 | For Sale | $1,325,000 | -- | $368 / Sq Ft |
Seller's Agent in 2020
Jay Johnson
VanWest Real Estate Group, LLC
(303) 886-2913
1 in this area
5 Total Sales
Buyer's Agent in 2020
Leigh Wilbanks
Compass - Denver
(303) 884-9166
5 in this area
197 Total Sales
Source: REcolorado®
MLS Number: 3675947
APN: 05014-08-007-000
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