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Buy a multi-family propertyat 1440 N Columbine St, Denver, CO 80206

$1,050,000

$0/mo

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Multifamily

2,423 Sq. Ft.

4,500 Sq. Ft. lot

346 Days on market

1847840 MLS ID

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About 1440 N Columbine St multi-family property

1440 Columbine St. is a beautiful turn of the century converted mansion located in the heart of Congress Park. The building features three recently renovated units and a unit mix of one studio, one 1-bedroom, and one 2-bedroom. The property has undergone significant upgrades in the past five years, including a new roof in 2018, a new furnace in 2019, and vinyl windows installed throughout the building. Other recent capital improvements include new exterior paint, updated landscaping that includes a new retaining wall and new laundry equipment installed in the basement. The unfinished basement provides an opportunity to expand income potential by offering additional storage space to tenants or potentially building an extra rental unit. The building is ideally suited for an owner-operator looking for a low maintenance property that practically runs itself.
1440 Columbine St. is a beautiful turn of the century converted mansion located in the heart of Congress Park. The building features three recently renovated units and a unit mix of one studio, one 1-bedroom, and one 2-bedroom. The property has undergone significant upgrades in the past five years, including a new roof in 2018, a new furnace in 2019, and vinyl windows installed throughout the building. Other recent capital improvements include new exterior paint, updated landscaping that includes a new retaining wall and new laundry equipment installed in the basement. The unfinished basement provides an opportunity to expand income potential by offering additional storage space to tenants or potentially building an extra rental unit. The building is ideally suited for an owner-operator looking for a low maintenance property that practically runs itself.

Property details

House

Above Grade Finished Area: 2423

Below Grade Finished Area: 521

Building Area Total: 2944

Construction Materials: "Brick/Brick Veneer"

Lower Sq Ft: 521

Total Sq Ft: 2944

Levels: "Three Or More"

Living Area: 2423

Living Area Source: Assessor

Living Area Units: Square Feet

Stories: 3

Year Built: 1894

Basement

Basement: "Partial", "Unfinished"

Bathrooms

Bathrooms Total Integer: 3

Bedrooms

Bedrooms Total: 3

Location

City: Denver

Country: US

County Or Parish: Denver

Locale: Denver

Latitude: 39.739201

Longitude: -104.957176

MLS Area Major: Metro Denver

Postal Code: 80206

State Or Province: CO

Street Dir Prefix: N

Street Name: Columbine

Street Number: 1440

Street Suffix: St

Subdivision Name: Congress Park

Unparsed Address: 1440 N Columbine St Denver CO 80206

Garage

Covered Spaces: 4

Garage Spaces: 4

Garage YN: t

Garage Type: Off Street

Property

Direction Faces: West

Crops: None

Property Attached YN: t

Property Condition: "Not New, Previously Owned"

Property Sub Type: Attached Dwelling

Property Type: Residential Income

View: "City"

Utilities

Electric: "Electric", "Master Meter-Electric"

Gas: "Master Meter-Gas"

Is Water Meter Installed: Yes

Utilities: "Electricity Available"

Schools

Elementary School: Teller

High School: East

High School District: Denver 1

Middle Or Junior School: Morey

Exterior Features

Exterior Features: "Balcony"

Patio And Porch Features: "Patio"

Fence

Fencing: "Fenced"

Fireplaces

Fireplace Features: "Single Fireplace"

Fireplace YN: t

Foundation

Foundation Details: "Slab"

Income

Gross Income: 56978

Net Operating Income: 44489

Heating

Heating: "Forced Air"

Heating YN: t

Taxes

Has Metro Tax District: No

Tax Annual Amount: 4225.16

Tax Year: 2023

Water

Has Water Rights: No

Water Source: "City Water"

Listing

Price Per Sq Ft: 356.66

Listing Id: 1847840

Listing Terms: "Cash", "Conventional", "1031 Exchange"

List Price: 1050000

Mls Status: Active

Number Of Units Total: 3

Special Listing Conditions: "Private Owner"

Standard Status: Active

Lot

Lot Size Acres: 0.1

Lot Size Area: 4500

Lot Size Square Feet: 4500

Lot Size Units: Square Feet

Expenses

Operating Expense: 12488

Parking

Other Parking: Parking Per Unit(1 Space/Unit)

Monthly cost

Estimated monthly cost

$6,472/mo

All calculations are estimates and provided for informational purposes only. Actual amounts may vary.

Seller fees & commissions

Home sale price

$

Outstanding mortgage

$

Selling with traditional agent

Selling with Unreal Estate agent

Your total sale proceeds$987,000

+$31,500

$1,018,500

Seller agent commission$31,500 (3%)*

$0 (0%)

Buyer agent commission$31,500 (3%)*

$31,500 (3%)*

*Commissions are based on national averages and not intended to represent actual commissions of this property

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Unreal Estate checked: Apr 19, 2024 at 8:22 a.m.

Data updated: May 23, 2023 at 8:51 p.m.

Courtesy of Conner Piretti, NorthPeak Commercial Advisors, LLC
This content last updated on 05/23/2023. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Provided for limited non-commercial use only under IRES Rules. Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS.
Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © IRES 2024. All Rights Reserved.

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