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Off market

Buy a multi-family propertyat 3220 W 8th Ave, Denver, CO 80204

$640,000

$680,000 (-5.88%)

$0/mo

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Multifamily

2,342 Sq. Ft.

5,860 Sq. Ft. lot

438 Days on market

7309163 MLS ID

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About 3220 W 8th Ave multi-family property

Light and bright, this charming triplex is the perfect investment opportunity to build passive income while staying close to the city! This property is conveniently located only 10 minutes from downtown Denver and South Broadway, and 5 minutes from Sloan's lake and I-25. Talk about location, location, location! This non-conforming triplex is the perfect house hackers dream. Live on the main level while your tenants cover your entire mortgage! The main level features 3 beds / 1 bath with the comfort of its own laundry. Part of the main level was closed off and converted into a studio with a kitchenette (not pictured). The basement includes 2 beds /1 bath also with its own laundry. If you want to quickly build equity in a up and coming neighborhood in Denver - this is the one for you! Property sits just blocks away from Federal Blvd which will soon be completely redeveloped! See link for more: https://denvergov.org/files/assets/public/doti/documents/programsservices/denver-moves-federal/federal-corridor-report-march2017.pdf . Please contact listing agent directly for showing information at 720-586-4533. Please do not disturb the tenants. This property is a NON-CONFORMING triplex. Property is zoned E-SU-D1 (https://www.denvergov.org/maps/map/zoning).
Light and bright, this charming triplex is the perfect investment opportunity to build passive income while staying close to the city! This property is conveniently located only 10 minutes from downtown Denver and South Broadway, and 5 minutes from Sloan's lake and I-25. Talk about location, location, location! This non-conforming triplex is the perfect house hackers dream. Live on the main level while your tenants cover your entire mortgage! The main level features 3 beds / 1 bath with the comfort of its own laundry. Part of the main level was closed off and converted into a studio with a kitchenette (not pictured). The basement includes 2 beds /1 bath also with its own laundry. If you want to quickly build equity in a up and coming neighborhood in Denver - this is the one for you! Property sits just blocks away from Federal Blvd which will soon be completely redeveloped! See link for more: https://denvergov.org/files/assets/public/doti/documents/programsservices/denver-moves-federal/federal-corridor-report-march2017.pdf . Please contact listing agent directly for showing information at 720-586-4533. Please do not disturb the tenants. This property is a NON-CONFORMING triplex. Property is zoned E-SU-D1 (https://www.denvergov.org/maps/map/zoning).

Property details

House

Above Grade Finished Area: 1400

Architectural Style: "A-Frame", "Ranch"

Below Grade Finished Area: 942

Building Area Total: 2342

Construction Materials: "Brick/Brick Veneer", "Concrete"

Lower Sq Ft: 942

Total Sq Ft: 2342

Living Area: 2342

Living Area Units: Square Feet

Stories: 1

Year Built: 1968

Property Access

Accessibility Features: "Level Lot"

Appliances and Equipment

Appliances: "Dishwasher", "Refrigerator", "Washer", "Dryer", "Microwave", "Disposal"

Basement

Basement: "90%+ Finished Basement"

Bathrooms

Bathrooms Total Integer: 3

Baths Full Additional: 0

Baths Full Basement: 0

Baths Half Additional: 0

Baths Half Basement: 0

Baths Three Quarters Additional: 0

Baths Three Quarters Basement: 0

Baths Three Quarters Lower: 0

Baths Three Quarters Upper: 0

Bedrooms

Bedrooms Total: 6

Location

City: Denver

Country: US

County Or Parish: Denver

Locale: Denver

Latitude: 39.729084

Longitude: -105.029289

MLS Area Major: Metro Denver

Postal Code: 80204

State Or Province: CO

Street Dir Prefix: W

Street Name: 8th

Street Number: 3220

Street Suffix: Ave

Subdivision Name: Villa Park

Unparsed Address: 3220 W 8th Ave Denver CO 80204

Cooling

Cooling: "Central Air"

Cooling YN: t

Garage

Covered Spaces: 5

Garage Spaces: 5

Garage YN: t

Garage Type: Off Street

Property

Direction Faces: North

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: "Natural Gas", "Master Meter-Gas"

Is Water Meter Installed: Yes

Utilities: "Natural Gas Available", "Electricity Available"

Schools

Elementary School: Eagleton

High School: North

High School District: Denver 1

Middle Or Junior School: Strive Lake

Exterior Features

Exterior Features: "Gas Grill"

Patio And Porch Features: "Patio"

Income

Gross Income: 64800

Net Operating Income: 48070

Heating

Heating: "Forced Air"

Heating YN: t

Taxes

Has Metro Tax District: No

Tax Annual Amount: 2084

Tax Year: 2021

Water

Has Water Rights: No

Water Source: "City Water"

Listing

Price Per Sq Ft: 273.27

Listing Id: 7309163

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

List Price: 640000

Mls Status: Active

Number Of Units Total: 3

Standard Status: Active

Lot

Lot Features: "Level"

Lot Size Acres: 0.13

Lot Size Area: 5860

Lot Size Square Feet: 5860

Lot Size Units: Square Feet

Expenses

Operating Expense: 16730

Parking

Other Parking: Parking Per Unit(1.5 Spaces/Unit)

Miscellaneous

Other Structures: "Outbuildings"

Monthly cost

Estimated monthly cost

$3,945/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$601,600

+$19,200

$620,800

Seller agent commission$19,200 (3%)*

$0 (0%)

Buyer agent commission$19,200 (3%)*

$19,200 (3%)*

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

Get $19,200 more selling your home
with an Unreal Estate agent

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Unreal Estate checked: Apr 26, 2024 at 12:47 p.m.

Data updated: Jun 30, 2023 at 3:44 p.m.

Courtesy of Gayane Atanesyan, Your Castle Realty LLC 720-586-4533
This content last updated on 06/30/2023. 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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