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Off market

Buy a multi-family propertyat 5005 W 1st Ave, Denver, CO 80219

$1,000,000

$0/mo

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Multifamily

3,743 Sq. Ft.

10,890 Sq. Ft. lot

388 Days on market

6556513 MLS ID

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About 5005 W 1st Ave multi-family property

Cash flowing asset that brings in a great cap rate! Complex has seen extensive remodeling and has not had issues being rented. Unique unit mix with two 3 bedrooms one 1 bedroom and a studio. Basement 3 bedroom is rented long term to a guest that is receiving public assistance which means her rent comes in every month and can be raised every year. Three bed upstairs is currently rented to traveling nurses leaving the possibility of the buyer house hacking. One bedroom is rented to a traveling nurse for 3+ more months. Studio is rented furnished for the next month. Makes for a great house hack as you could live in the studio or one bedroom and live for free or live with more style in the 3 bedroom and pay a small mortgage if any. Located near 6th avenue with easy access to Downtown Denver or the Belmar Shopping area
Cash flowing asset that brings in a great cap rate! Complex has seen extensive remodeling and has not had issues being rented. Unique unit mix with two 3 bedrooms one 1 bedroom and a studio. Basement 3 bedroom is rented long term to a guest that is receiving public assistance which means her rent comes in every month and can be raised every year. Three bed upstairs is currently rented to traveling nurses leaving the possibility of the buyer house hacking. One bedroom is rented to a traveling nurse for 3+ more months. Studio is rented furnished for the next month. Makes for a great house hack as you could live in the studio or one bedroom and live for free or live with more style in the 3 bedroom and pay a small mortgage if any. Located near 6th avenue with easy access to Downtown Denver or the Belmar Shopping area

Property details

House

Above Grade Finished Area: 2160

Architectural Style: "Ranch"

Below Grade Finished Area: 1663

Building Area Total: 3823

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

Lower Sq Ft: 1663

Total Sq Ft: 3823

Living Area: 3743

Living Area Source: Assessor

Living Area Units: Square Feet

Stories: 1

Year Built: 1957

Property Access

Accessibility Features: "Level Lot"

Basement

Basement: "90%+ Finished Basement"

Bathrooms

Bathrooms Total Integer: 6

Bedrooms

Bedrooms Total: 7

Location

City: Denver

Country: US

County Or Parish: Denver

Locale: Denver

Latitude: 39.718472

Longitude: -105.050858

MLS Area Major: Metro Denver

Postal Code: 80219

State Or Province: CO

Street Dir Prefix: W

Street Name: 1st

Street Number: 5005

Street Suffix: Ave

Subdivision Name: Lowrey Heights

Unparsed Address: 5005 W 1st Ave Denver CO 80219

Cooling

Cooling: "Central Air"

Cooling YN: t

Garage

Covered Spaces: 7

Garage Spaces: 7

Garage YN: t

Garage Type: Off Street

Property

Direction Faces: South

Crops: None

Property Attached YN: t

Property Condition: "Not New, Previously Owned"

Property Sub Type: Attached Dwelling

Property Type: Residential Income

Utilities

Electric: "Master Meter-Electric"

Gas: "Master Meter-Gas"

Is Water Meter Installed: Yes

Schools

Elementary School: Newlon

High School: West

High School District: Denver 1

Middle Or Junior School: Grant

Fence

Fencing: "Fenced"

Foundation

Foundation Details: "Slab"

Income

Gross Income: 95400

Net Operating Income: 71013

Heating

Heating: "Forced Air"

Heating YN: t

Taxes

Has Metro Tax District: No

Tax Annual Amount: 2392

Tax Year: 2021

Water

Has Water Rights: No

Water Source: "City Water"

Listing

Price Per Sq Ft: 261.57

Listing Id: 6556513

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

List Price: 1000000

Mls Status: Pending

Number Of Units Total: 4

Special Listing Conditions: "Other Owner"

Standard Status: Pending

Lot

Lot Features: "Level"

Lot Size Acres: 0.25

Lot Size Area: 10890

Lot Size Square Feet: 10890

Lot Size Units: Square Feet

Expenses

Operating Expense: 24387

Parking

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

Miscellaneous

Other Structures: "Outbuildings"

Monthly cost

Estimated monthly cost

$6,164/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$940,000

+$30,000

$970,000

Seller agent commission$30,000 (3%)*

$0 (0%)

Buyer agent commission$30,000 (3%)*

$30,000 (3%)*

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

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Unreal Estate checked: Aug 8, 2023 at 4:37 p.m.

Data updated: Mar 31, 2023 at 8:46 p.m.

Courtesy of Nick Donato, 3GEN Real Estate
This content last updated on 03/31/2023. 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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