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Est. payment | /mo
3,101 SqFt
$ 1,500,000
Est. payment | /mo
3,101 SqFt
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,101 sqft
Price per Sqft $483
MLS Listing ID 4895373
Style Traditional
HOA Y/N No
Year Built 1945
Annual Tax Amount $4,618
Tax Year 2024
Lot Size 0.291 Acres
Acres 0.29
Property Sub-Type Multi Family
Source recolorado
Property Description
Tremendous opportunity with this very unique situation! This listing includes both 2344/2346 Downing Street & 1200-1206 E 24th Ave. Two separate legal parcels allow you to get two conventional (even FHA) loans and two insurance policies offering better rates and terms than commercial products. You could sell the parcels separately or go one step further and sell each unit individually through a party wall split. However, this also makes a great hold! Offered at over a 5.8% cap rate on actual numbers, this turnkey asset boasts 2 to 1 parking, WA/DR in each unit, separate hot water heaters and HVAC systems. (5 of the 6 have central air) Large lot that would allow you to build additional units through an ADU. Long term tenants who pay their own electric and gas. Ideally located close to downtown, Rino, RTD, parks, shopping, restaurants, etc.
Location
State CO
County Denver
Zoning U-SU-B1
Interior
Fireplace N
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected
Roof Type Composition
Total Parking Spaces 12
Garage No
Building
Lot Description Corner Lot, Near Public Transit
Sewer Public Sewer
Water Public
Structure Type Brick
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed by Synergy Associates Inc