$875,000
$900,000
2.8%For more information regarding the value of a property, please contact us for a free consultation.
3 Beds
3 Baths
2,630 SqFt
SOLD DATE : 05/19/2022
Key Details
Sold Price $875,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,630 sqft
Price per Sqft $332
Subdivision Brown Smith & Porters Add To Denver
MLS Listing ID 9344374
Sold Date 05/19/22
Bedrooms 3
HOA Y/N No
Originating Board recolorado
Year Built 1907
Annual Tax Amount $3,608
Tax Year 2021
Lot Size 3,484 Sqft
Acres 0.08
Property Description
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.
Location
State CO
County Denver
Rooms
Basement Full, Unfinished
Interior
Heating Forced Air
Cooling None
Fireplace N
Exterior
Exterior Feature Garden
Utilities Available Electricity Connected, Natural Gas Connected
Roof Type Architecural Shingle
Total Parking Spaces 2
Garage No
Building
Lot Description Corner Lot
Story Two
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Block, Brick
Schools
Elementary Schools Dora Moore
Middle Schools Morey
High Schools East
School District Denver 1
Others
Senior Community No
Ownership Individual
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Special Listing Condition None
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Bought with Urbanstars Realty LLC
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