1035 E 11th Ave Denver, CO 80218

Amazing live/work or rental opportunity in the heart of Capitol Hill! 1035 E 11th is a beautiful 3-unit apartment building that can continue to be operated as apartments, with the bonus of the zoning (G-MS-3) allowing for a wide range of uses including live/work, art studio, bed and breakfast. The units offer vintage features with modern touches making this attractive for a wide range of renters. The building was recently painted and has a newer roof and gutters (2016), and there has been a no pet and no smoking policy in place for 20+ years. The property consists of one large (450sf) studio, one large (700sf) 1-bedroom and one very large (1150sf) 2-bedroom, with each unit containing its own unique layout. The first floor consists of the large 2-bedroom unit which includes hardwood floors, bay window, fireplace, and a newly renovated bathroom. The second floor is split into a studio and a 1-bedroom, both of which could be expanded into the large attic space accessed by a future spiral staircase. Rents are well below market - two of the units have had very long-term tenancies and are over $100/month below market. An investor can cashflow a well-kept building in an A+ location, or make updates to the units including new appliances, updated fixtures, new countertops and expanding the units to increase rents considerably and add to the overall value.