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Off market

Buy a multi-family propertyat 4 W Arkansas Ave Unit R-1, R-2, R-3, Denver, CO 80223

$700,000

$0/mo

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Multifamily

1,574 Sq. Ft.

399 Days on market

9492970 MLS ID

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About 4 W Arkansas Ave Unit R-1, R-2, R-3 multi-family property

Excellent house hack opportunity. 4 West Arkansas Ave is a fully renovated triplex located in the heart of Denver and just steps away from popular retail on S Broadway. The propertys location offers excellent walkability and bike-ability scores and is conveniently situated within 15 minutes of Downtown Denver, Cherry Creek, and DTC. Additionally, the turn key property is less than a mile away from popular areas like Washington Park and Platt Park. With a variety of unit options available, the property offers a diverse mix of choices for potential renters. New ownership has the ability to increase revenue by replacing the current management and significantly bumping up rents. There is an additional option to re-deed each unit separately, thereby enabling their individual sale. 4 W Arkansas Ave is the perfect opportunity to own a one-of-a-kind Denver property with fresh upgrades and in a prime location.
Excellent house hack opportunity. 4 West Arkansas Ave is a fully renovated triplex located in the heart of Denver and just steps away from popular retail on S Broadway. The propertys location offers excellent walkability and bike-ability scores and is conveniently situated within 15 minutes of Downtown Denver, Cherry Creek, and DTC. Additionally, the turn key property is less than a mile away from popular areas like Washington Park and Platt Park. With a variety of unit options available, the property offers a diverse mix of choices for potential renters. New ownership has the ability to increase revenue by replacing the current management and significantly bumping up rents. There is an additional option to re-deed each unit separately, thereby enabling their individual sale. 4 W Arkansas Ave is the perfect opportunity to own a one-of-a-kind Denver property with fresh upgrades and in a prime location.

Property details

Schools

High School: South

Elementary School: McKinley-Thatcher

High School District: Denver 1

Middle Or Junior School: Grant

House

Above Grade Finished Area: 1574

Building Area Total: 1574

Construction Materials: "Brick/Brick Veneer"

Total Sq Ft: 1574

Levels: "Two"

Living Area: 1574

Living Area Source: Appraiser

Living Area Units: Square Feet

Stories: 2

Year Built: 1915

Appliances and Equipment

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

Home Owner's Association

Association Fee: 127

Association Fee Frequency: Monthly

Association Fee Includes: "Trash", "Snow Removal", "Maintenance Structure"

Association YN: t

Has Association Fee: Yes

HOA Transfer Fee: No

Bathrooms

Bathrooms Total Integer: 3

Bedrooms

Bedrooms Total: 4

Location

City: Denver

Country: US

County Or Parish: Denver

Locale: Denver

Latitude: 39.691025

Longitude: -104.987877

MLS Area Major: Metro Denver

Postal Code: 80223

State Or Province: CO

Street Dir Prefix: W

Street Name: Arkansas

Street Number: 4

Street Suffix: Ave

Subdivision Name: Broadway Arkansas

Unit Number: R-1, R-2, R-3

Unparsed Address: 4 W Arkansas Ave R-1, R-2, R-3 Denver CO 80223

Cooling

Cooling: "Room Air Conditioner"

Cooling YN: t

Utilities

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

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

Is Water Meter Installed: Yes

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

Income

Gross Income: 51948

Net Operating Income: 40830

Heating

Heating: "Forced Air"

Heating YN: t

Property

Crops: None

Property Condition: "Not New, Previously Owned"

Property Sub Type: Income Property

Property Type: Residential Income

Garage

Garage Type: None

Taxes

Has Metro Tax District: No

Tax Annual Amount: 2988

Tax Year: 2022

Water

Has Water Rights: No

Water Source: "City Water"

Listing

Price Per Sq Ft: 444.73

Listing Id: 9492970

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

List Price: 700000

Mls Status: Active

Number Of Units Total: 3

Special Listing Conditions: "Private Owner"

Standard Status: Active

Lot

Lot Size Units: Square Feet

Expenses

Operating Expense: 11118

Tenant Pays

Tenant Pays: "Gas", "Electricity"

Monthly cost

Estimated monthly cost

$4,315/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$658,000

+$21,000

$679,000

Seller agent commission$21,000 (3%)*

$0 (0%)

Buyer agent commission$21,000 (3%)*

$21,000 (3%)*

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

Get $21,000 more selling your home
with an Unreal Estate agent

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Unreal Estate checked: Apr 25, 2024 at 11:50 a.m.

Data updated: Mar 24, 2023 at 5:46 a.m.

Courtesy of Andrew Vollert, Kaufman Hagan
This content last updated on 03/24/2023. 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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