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Source Home Group

admin@sourceofhome.com +1(970) 528-0604

$1,350,000

Est. payment - /mo

0.29 Acres Lot

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Key Details

Property Type Multi-Family, Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 4895373

Style Traditional

HOA Y/N No

Year Built 1945

Lot Size 0.291 Acres

Acres 0.29

Property Sub-Type Multi Family

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 a 6.47% 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. Current rent roll and 2025 I&E's can be found in supplements.

Location

State CO

County Denver

Zoning U-SU-B1

Exterior

Utilities Available Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected

Waterfront Description Public

Roof Type Composition

Private Pool No

Building

Lot Description Corner Lot, Near Public Transit

Sewer Public Sewer

Water Public

Architectural Style Traditional

Others

Tax ID 2352-20-001

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Listed bySynergy Associates Inc

Nearby School & Business

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Source Home Group

+1(970) 528-0604

Agent FA.100072314

1200 E 24th AVE Denver, CO 80205

Source Home Group

Key Details

Location

Exterior

Building

Others

Nearby School & Business

Get More Information