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Key Details
Sold Price $1,440,000
Property Type Multi-Family
Sub Type Quadplex
Listing Status Sold
Purchase Type For Sale
Square Footage 4,732 sqft
Price per Sqft $304
Subdivision West Colfax
MLS Listing ID 2575548
Sold Date 09/30/24
Style Traditional
Bedrooms 8
HOA Y/N No
Abv Grd Liv Area 4,732
Originating Board recolorado
Year Built 1925
Annual Tax Amount $5,945
Tax Year 2023
Lot Size 8,276 Sqft
Acres 0.19
Property Description
** BUY DOWN THAT RATE LIKE IT'S 2022 -- SELLER OPEN TO CONCESSIONS! **
Looking for a great investment opportunity or an owner-occupy-plus-income situation? This spacious, updated, charming Craftsman-Era fourplex, is in the West Colfax/Sloan's Lake Neighborhood. Situated in a prime area with high rental demand, it ensures consistent occupancy and rental income, making it a solid and dependable asset. The property has been meticulously maintained and requires minimal upkeep, making it an ideal turnkey investment. The building consists of four individual units: 2 up and 2 down, each with over 1100 square feet, 2 bedrooms/1 bath providing ample living space for active lifestyles. Each unit has W/D hookups, with 3 W/Ds, along with all other appliances, included in the sale. The unit intended to be owner occupied has a completely remodeled kitchen with quartz counter tops, tall white shaker soft-close cabinets, convection/air fryer range, and stainless appliances. The expansive exterior living area has a flowing fountain/pond, a large paver patio, gas grill, picnic tables, sun shades and swing, an alcove for bike storage, and an 8' x 16' storage shed, all included in the sale. Each unit has at least one designated off-street parking, as well. Substantial upside lies in completing the Party Wall Agreement with recent survey, adding two 2-car garages behind property, as well as revealing the original oak wood floors under carpet in the upper levels.
Location
State CO
County Denver
Zoning U-RH-2.5
Interior
Interior Features Built-in Features, Ceiling Fan(s), Open Floorplan, Walk-In Closet(s)
Heating Forced Air
Cooling Other
Flooring Carpet, Wood
Fireplaces Type Other
Fireplace N
Laundry In Unit
Exterior
Exterior Feature Garden, Private Yard, Rain Gutters, Water Feature
Fence Full
Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Available
Roof Type Composition
Total Parking Spaces 5
Garage No
Building
Lot Description Landscaped, Level, Near Public Transit, Sprinklers In Rear, Subdividable
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Brick
Schools
Elementary Schools Colfax
Middle Schools Strive Lake
High Schools North
School District Denver 1
Others
Senior Community No
Ownership Corporation/Trust
Acceptable Financing 1031 Exchange, Cash, Conventional, Jumbo
Listing Terms 1031 Exchange, Cash, Conventional, Jumbo
Special Listing Condition None
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Bought with Discover Realty Group, LLC
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Diana Nelson
Team Leader | License ID: FA100065608
Team Leader License ID: FA100065608