Estimated Value: $830,000 - $1,074,821
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 Listed By
NorthPeak Commercial Advisors, LLC License #100022346 Listed on: 04/10/2023
Home Type
Est. Annual Taxes
Year Built
Lot Details
Parking
Home Design
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Bedrooms and Bathrooms
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Listing and Financial Details
Overview
Building Details
$745,000
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Sue Perrault West and Main Homes Inc
$889,000
Welcome to 172 West Maple Avenue, Denver’s hidden gem that doubles as an investment masterpiece! This exquisite four-unit property offers a unique opportunity for savvy investors seeking both charm and potential. Each unit is a harmonious blend of modern convenience and classic allure, featuring one bedroom and one bathroom per unit, meticulously crafted to provide comfort and style.With 2,252
Nicholas Quenzer Compass - Denver
$999,999
A prime investment opportunity in Denver's highly desirable West Wash Park neighborhood, 342 S Lincoln, appraised at $1,295,000 in November 2023. This fully renovated, three-unit building offers a lucrative rental profile, featuring two spacious one-bedroom apartments with versatile den spaces, ideal for home offices, and a large three-bedroom, two-bathroom unit. Modern upgrades throughout
Vivi Gloriod eXp Realty, LLC
$944,000
6.56 Proforma Cap Rate! Fully Remodeled 6 bedroom, 4 bathroom Duplex. Potential gross monthly rental income of $6,200/month! Excellent AirBnb, House Hack, Short Term Rental or Long Term Rental Opportunity. New Kitchen, New Bathrooms! Fully remodeled, this stunning home features brand-new luxury vinyl wood flooring throughout, sleek stainless steel appliances in the kitchen, gorgeous granite
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$950,000
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Nick Hodapp Khaya Real Estate LLC
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Casey Miller LIV Sotheby's International Realty
$899,000
$16,000 Price Reduction – Exceptional Investment Opportunity in the Heart of Denver!Welcome to 1455 N Gilpin Street — a rare chance to own a multi-unit property in one of Denver’s most vibrant and rapidly growing neighborhoods. Whether you're an investor seeking solid returns or a savvy buyer looking to house hack by living in one unit and renting out the others, this property offers exceptional
Brad Gassman Synergy Associates Inc
| 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 | -- |
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Tedeschi Ruby M | $881,250 | |
| Previous Owner | Stoddard Sally | $206,000 | |
| Previous Owner | Stoddard Sally | $204,000 | |
| Previous Owner | Eaton Kevin | $92,000 | |
| Previous Owner | Barton Gerald | $236,250 | |
| Previous Owner | Barton Gerald | $51,000 | |
| Previous Owner | Young Jeffrey L | $255,000 | |
| Previous Owner | Young Jeffrey L | $960,000 | |
| Previous Owner | Young Jeffrey L | $256,000 | |
| Previous Owner | Young Jeffrey L | $144,529 | |
| Previous Owner | Young Jeffrey L | $143,550 |
| 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 |
| 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 |
Seller's Agent in 2023
Conner Piretti
NorthPeak Commercial Advisors, LLC
(720) 738-1944
1 in this area
44 Total Sales
Buyer's Agent in 2023
Brendan Bartic
Keller Williams Integrity Real Estate LLC
(720) 208-7200
3 in this area
1,216 Total Sales
Source: REcolorado®
MLS Number: 3109424
APN: 5101-15-031
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