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Cody Walker

cody@sourceofhome.com +1(619) 733-2250

$1,350,000

Est. payment - /mo

3,101 SqFt

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UPDATED:

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,101 sqft

Price per Sqft $435

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 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

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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Listed by Synergy Associates Inc

Nearby School & Business

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Cody Walker

+1(619) 733-2250

Agent | FA.100072314

Agent FA.100072314

1200 E 24th AVE Denver, CO 80205

Cody Walker

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

Get More Information