$1,600,000
$1,500,000
6.7%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
4 Baths
2,766 SqFt
SOLD DATE : 04/22/2022
Key Details
Sold Price $1,600,000
Property Type Multi-Family
Sub Type Quadplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,766 sqft
Price per Sqft $578
Subdivision Alamo Placita
MLS Listing ID 7757496
Sold Date 04/22/22
Style Denver Square
Bedrooms 4
HOA Y/N No
Abv Grd Liv Area 2,766
Originating Board recolorado
Year Built 1906
Annual Tax Amount $4,746
Tax Year 2022
Acres 0.06
Property Description
Available for only the second time in 25 years, this turnkey quadplex is fully furnished and completely renovated, yet still overflowing with vintage character. New kitchens in every unit feature quartz countertops, subway tile backsplashes and new white shaker cabinets. Stainless steel appliances glimmer with century old exposed brick as a backdrop. New bathrooms feature modern tile showers with custom glass surrounds. Upgrades include: New plumbing, new insulation, new windows, newer roof (2015), updated electrical, LED lighting throughout, tuck-pointed brick, new smoke/CO detectors, new water heaters, new zoned furnace on one side and two new central air conditioners.
Soaring ceilings contrast refinished hardwood floors, fireplaces and built-ins. Large windows fill every room with Colorado's abundant sunlight. Covered front porches, cozy balconies and raised decks beacon you to linger outside. Explore this prime location; one of the most walkable neighborhoods in the city (93 walk score, 96 bike score).
Beautifully situated on a corner lot, the established landscaping includes a grove of aspen trees, perennial roses and sprinklered lawn. Around back discover a hidden patio with deck seating for 6, bbq grill, storage, laundry room with 2 washers/2 dryers, and owner's basement.
Currently 2 of the 4 units (each sleeps 4) are rented on a monthly basis to traveling nurses/remote workers. Choose to put long term renters in here for ease of operation or maximize monthly income with mid-term rentals (30+ days). A great property for primary owner-occupants or investors that rents very easily due to the combination of vintage charm and modern conveniences.
Future value add possibilities: Add a spiral staircase to access the 1400 sqft rooftop with 360 degree views? Sauna or Hot Tub? Add revenue with coin operated laundry? Divide the units and sell individually? Finish the basements? There is so much untapped potential in this incredibly preserved property.
Location
State CO
County Denver
Zoning U-SU-B1
Rooms
Basement Exterior Entry, Full, Unfinished
Interior
Interior Features Built-in Features, Entrance Foyer, High Ceilings, High Speed Internet, Pantry, Quartz Counters, Smart Thermostat, Smoke Free, Utility Sink
Heating Natural Gas
Cooling Central Air
Flooring Tile, Vinyl, Wood
Fireplaces Number 3
Fireplaces Type Living Room
Fireplace Y
Appliance Dishwasher, Disposal, Dryer, Electric Water Heater, Freezer, Gas Water Heater, Microwave, Oven, Range, Range Hood, Refrigerator, Washer
Laundry Common Area, In Basement
Exterior
Exterior Feature Balcony, Barbecue, Garden, Lighting, Private Yard, Rain Gutters
Fence Partial
Utilities Available Electricity Connected, Internet Access (Wired), Natural Gas Connected, Phone Connected
View City, Mountain(s)
Roof Type Membrane
Garage No
Building
Lot Description Corner Lot, Landscaped, Near Public Transit, Sprinklers In Front
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Brick, Concrete, Frame
Schools
Elementary Schools Dora Moore
Middle Schools Morey
High Schools East
School District Denver 1
Others
Senior Community No
Ownership Corporation/Trust
Acceptable Financing 1031 Exchange, Cash, Conventional, FHA, Jumbo, VA Loan
Listing Terms 1031 Exchange, Cash, Conventional, FHA, Jumbo, VA Loan
Special Listing Condition None
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