NOT LISTED FOR SALE

Estimated Value: $894,000 - $1,138,000

4 Beds
4 Baths
1,815 Sq Ft
$552/Sq Ft Est. Value

Last Sold May 19, 2023

Last sale price $1,175,000 $647 Per Sq Ft

Est. 15% decrease in value since last sale

Current estimated payment $5,620/month

7 Days on Market

Highlights

  • Deck
  • Private Yard
  • Front Porch
  • South High School Rated A-
  • No HOA
  • Forced Air Heating and Cooling System

About This Home

As of May 2023

423 E 2nd Ave is a turnkey 4-unit in Denver’s coveted West Wash Park neighborhood. Located just blocks from popular nightlife and the Cherry Creek bike path, the property has large apartments with a unit mix of two 2-bedrooms, one 1-bedroom, and one studio that all feature new renovations to kitchens, bathrooms, flooring and fixtures. Central AC, in-unit washer/dryer, a two-car garage plus two surface parking spaces make this a must-see.

Tenants will be attracted to the early 1900’s charm on the outside and fall in love with the modern amenities on the inside. Recent capital improvements include a newer furnace, newer hot water heaters, and newer AC condensers.

This recent building transformation will provide low vacancy and predictable cashflow for a future own¬er looking forward to hitting cruise control for the foreseeable future. Surrounded by multimillion dollar homes, new construction and popular nightlife, 423 E 2nd will continue to benefit from an A+ location in one of Denver’s most popular neighborhoods.

Last Agent to Sell the Property

Conner Piretti

NorthPeak Commercial Advisors, LLC License #100022346 Listed on: 04/10/2023

Last Buyer's Agent

Brendan Bartic

Keller Williams Integrity Real Estate LLC

Keller Williams Integrity Real Estate LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,366

Year Built

  • Built in 1912 | Remodeled

Lot Details

  • 3,525 Sq Ft Lot
  • Level Lot
  • Private Yard

Parking

  • 2 Car Garage

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Architectural Shingle Roof

Interior Spaces

  • 2-Story Property
  • Finished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Deck
  • Front Porch

Schools

  • Dora Moore Elementary School
  • Grant Middle School
  • South High School

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Exclusions: Tenant personal property.
  • The owner pays for electricity, exterior maintenance, gas, insurance, taxes, trash collection, water
  • Assessor Parcel Number 5101-15-031

Community Details

Overview

  • No Home Owners Association
  • Washington Park West Subdivision

Building Details

  • Operating Expense $15,307

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,366

Year Built

Built in 1912 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadplex
  • Structure Type: Quadruplex
  • Levels: Two
  • Year Built: 1912
  • Above Grade Finished Sq Ft: 1815
  • Exclusions: Tenant personal property.
  • Living Area: 1815
  • Property Condition: Updated/Remodeled
  • SubdivisionName: Washington Park West
  • Ownership: Individual
  • REC_BelowGradeUnfinishedArea: 1092.00
  • REC_RVSpaces: 0
  • Special Features: None

Interior Features

  • Basement: Finished, Full
  • Basement: Yes
  • Total Bedrooms: 4

Exterior Features

  • Roof: Architecural Shingle
  • Construction Materials: Block, Brick
  • Exterior Features: Private Yard
  • Patio and Porch Features: Deck, Front Porch

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2
  • Total Parking Spaces: 4
  • REC_ParkingCount: 2

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected
  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Forced Air
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Association/Amenities

  • REC_AssociationFee2Annual: 0.00
  • REC_AssociationFee3Annual: 0.00
  • REC_AssociationFeeAnnual: 0.00
  • REC_AssociationFeeTotalAnnual: 0.00

Fee Information

  • Operating Expense: 15307

Schools

  • Middle Or Junior School: Grant

Lot Info

  • Parcel Number: 5101-15-031
  • Lot Size Acres: 0.08
  • Building Area Total: 2907
  • Lot Features: Level
  • Lot Size Sq Ft: 3525
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Owner Pays: Electricity, Exterior Maintenance, Gas, Insurance, Taxes, Trash Collection, Water

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 3366

MLS Schools

  • Elementary School: Dora Moore
  • High School: South

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2023
Closed on
May 19, 2023
Sold by
423 E 2Nd Avenue Llc
Bought by
Tedeschi Ruby M and Mcintosh Colin S
Seller's Agent
Conner Piretti
NorthPeak Commercial Advisors, LLC
Buyer's Agent
Brendan Bartic
Keller Williams Integrity Real Estate LLC
List Price
$1,175,000
Sold Price
$1,175,000
Views
20
Current Estimated Value
$1,002,423

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$172,577
Avg. Annual Appreciation
-7.64%
Original Mortgage
$881,250
Outstanding Balance
$861,884
Interest Rate
6.27%
Mortgage Type
New Conventional
Estimated Equity
$111,321

Purchase Details

Closed on
Mar 15, 2013
Sold by
Lang Enterprises Series Llc
Bought by
423 E 2Nd Ave Llc

Purchase Details

Closed on
Apr 14, 2010
Sold by
Stoddard Sally
Bought by
Lang Enterprises Series Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,000
Interest Rate
4.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 28, 2008
Sold by
Wachovia Mortgage Bank Fsb
Bought by
Stoddard Sally

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,000
Interest Rate
6.11%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 27, 2008
Sold by
Barton Gerald
Bought by
World Savings

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,000
Interest Rate
6.11%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 1, 2005
Sold by
Barton Gerald
Bought by
Eaton Kevin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,000
Interest Rate
6.12%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Sep 29, 2005
Sold by
Young Jeffrey L
Bought by
Barton Gerald

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,000
Interest Rate
6.12%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Oct 17, 1996
Sold by
Kickhoff James L
Bought by
Young Jeffrey L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,550
Interest Rate
5.3%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Tedeschi Ruby M $1,175,000 None Listed On Document
423 E 2Nd Ave Llc -- None Available
Lang Enterprises Series Llc -- None Available
Stoddard Sally $255,000 Title America
World Savings -- None Available
Eaton Kevin -- --
Barton Gerald $315,000 --
Young Jeffrey L $159,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tedeschi Ruby M $881,250
Previous Owner Stoddard Sally $204,000
Previous Owner Barton Gerald $236,250
Previous Owner Young Jeffrey L $143,550
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/19/2023 05/19/23 Sold $1,175,000 0.0% $647 / Sq Ft
04/17/2023 04/17/23 Pending -- -- --
04/10/2023 04/10/23 For Sale $1,175,000 -- $647 / Sq Ft
Source: REcolorado®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,662 $46,240 $16,200 $30,040
2023 $3,583 $46,240 $16,200 $30,040
2022 $3,487 $43,850 $20,630 $23,220
2021 $3,366 $45,110 $21,220 $23,890
2020 $3,079 $41,500 $14,360 $27,140
2019 $2,993 $41,500 $14,360 $27,140
2018 $3,019 $39,020 $13,200 $25,820
2017 $3,010 $39,020 $13,200 $25,820
2016 $2,699 $33,100 $13,206 $19,894
2015 $2,586 $33,100 $13,206 $19,894
2014 $2,265 $27,270 $6,312 $20,958
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REcolorado®

MLS Number: 3109424

REcolorado®

APN: 5101-15-031