$1,000,000
SOLD FEB 7, 2025
8 Beds
4 Baths
2,900 Sq Ft
9,583 Sq Ft Lot

Recently Sold

$345 Per Sq Ft

10% Below List Price

181 Days on Market

Highlights

  • Open Floorplan
  • Property is near public transit
  • No HOA
  • Contemporary Architecture
  • Granite Countertops
  • Laundry closet

About This Home

As of February 2025

This four-plex is just minutes from downtown Denver in the up-and-coming Barnum neighborhood. Here is your opportunity to buy a multifamily property with $7300 monthly rental income, generating a 7.5% cap rate. Live in one unit and rent out the others so your tenants pay your mortgage while you build equity! Each unit is; 725 sqft, 2 bedrooms and 1 bath (total sqft 2900) with great parking (4 spaces/unit). BONUS: The entire complex has been redone with new everything.. over $200k of upgrades inside and out! Outside; newer sewer line and new fencing with storage for each unit. Newer roof and new exterior paint and doors. Gas and electric meters are separated for each unit. Inside; all units have open floor plans with new luxury vinyl-wood flooring, new kitchens with gray shaker cabinets with soft closing draws and pulls, granite countertops, subway tile backsplash and new stainless steel appliances. The bathrooms are all new with fixtures and lighting. 2 units have new windows and other 2 newer windows. The furnaces are 4 years old and new water heaters. All new electrical and plumbing, plus trim, doors, and paint. Each unit has stackable W&D. Gas and electrical are paid by tenants. All units are currently occupied but Owner Occupancy Is Available with a 1 month notice. This investment property offers it all - too good to pass up!

Last Agent to Sell the Property

Kathy Goodman

HomeSmart Brokerage Email: kathygoodman33@gmail.com,720-985-1701 License #100083661 Listed on: 07/16/2024

HomeSmart

Last Buyer's Agent

Scott Trench

Brokers Guild Homes License #100068725

Brokers Guild Homes

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,428

Year Built

  • Built in 1954 | Remodeled

Lot Details

  • 9,583 Sq Ft Lot
  • Two or More Common Walls
  • West Facing Home
  • Property is Fully Fenced

Parking

  • 16 Parking Spaces

Home Design

  • Contemporary Architecture
  • Quadruplex
  • Block Foundation
  • Frame Construction
  • Composition Roof
  • Vinyl Siding
  • Concrete Block And Stucco Construction

Interior Spaces

  • 2,900 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Vinyl Flooring

Kitchen

  • Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry closet
  • Dryer
  • Washer

Schools

  • Newlon Elementary School
  • Kepner Middle School
  • West High School

Utilities

  • Forced Air Heating System
  • 110 Volts
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • Rain Gutters
  • Property is near public transit

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, internet, telephone, trash collection
  • The owner pays for insurance, taxes, water
  • Assessor Parcel Number 5074-03-015

Community Details

Overview

  • No Home Owners Association
  • Barnum Subdivision

Building Details

  • Operating Expense $721

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,428

Year Built

Built in 1954 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadplex
  • Architectural Style: Urban Contemporary
  • Structure Type: Quadruplex
  • Levels: Two
  • Year Built: 1954
  • Above Grade Finished Sq Ft: 2900
  • Current Use: Live/Work
  • Exclusions: NONE
  • Living Area: 2900
  • Property Condition: Updated/Remodeled
  • SubdivisionName: Barnum
  • Ownership: Agent Owner
  • Property Attached Yn: Yes
  • ResoBuildingAreaSource: PublicRecords
  • REC_RVSpaces: 0
  • Ratio Close Price By Original Li: 0.88889
  • Attribution Contact: kathygoodman33@gmail.com,720-985-1701
  • Special Features: None

Interior Features

  • Appliances: Cooktop, Dishwasher, Disposal, Dryer, Gas Water Heater, Microwave, Oven, Refrigerator, Washer
  • Interior Amenities: Granite Counters, Open Floorplan
  • Flooring: Vinyl
  • Common Walls: 2+ Common Walls
  • Basement: No
  • Total Bedrooms: 8

Exterior Features

  • Direction Faces: West
  • Foundation Details: Block
  • Roof: Composition
  • Construction Materials: Block, Concrete, Frame, Vinyl Siding
  • Exterior Features: Rain Gutters

Garage/Parking

  • Attached Garage: No
  • Total Parking Spaces: 16
  • REC_ParkingCount: 1
  • Unit Numberof Parking Per Unit: 4
  • Unit Numberof Parking Per Unit: 4
  • Unit Numberof Parking Per Unit: 4
  • Unit Numberof Parking Per Unit: 4

Utilities

  • Utilities: Cable Available, Electricity Available, Electricity Connected
  • Sewer: Public Sewer
  • Cooling: Other
  • Heating: Forced Air
  • Water Source: Public
  • Electric: 110V
  • Laundry Features: In Unit, Laundry Closet

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
  • REC_MultipleAssociationsYN: 0

Fee Information

  • Operating Expense: 721

Schools

  • Middle Or Junior School: Kepner

Lot Info

  • Parcel Number: 5074-03-015
  • Lot Size Acres: 0.22
  • Fencing: Full
  • Building Area Total: 2900
  • Lot Features: Near Public Transit
  • Lot Size Sq Ft: 9583.2
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Insurance, Taxes, Water
  • Tenant Pays: Cable TV, Electricity, Gas, Internet, Telephone, Trash Collection

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 3428

MLS Schools

  • Elementary School: Newlon
  • High School: West

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/07/2025 02/07/25 Sold $1,000,000 -4.7% $345 / Sq Ft
12/18/2024 12/18/24 Price Changed $1,049,000 -1.9% $362 / Sq Ft
11/13/2024 11/13/24 Price Changed $1,069,000 -1.8% $369 / Sq Ft
11/02/2024 11/02/24 Price Changed $1,089,000 -1.8% $376 / Sq Ft
11/02/2024 11/02/24 For Sale $1,109,000 +10.9% $382 / Sq Ft
09/04/2024 09/04/24 Off Market $1,000,000 -- --
07/31/2024 07/31/24 Price Changed $1,109,000 -1.4% $382 / Sq Ft
07/16/2024 07/16/24 For Sale $1,125,000 -- $388 / Sq Ft
Source: REcolorado®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: REcolorado®

MLS Number: 9553916

REcolorado®