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Off market

Buy a multi-family propertyat 784 Garfield St, Denver, CO 80206

$1,350,000

$0/mo

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Multifamily

3,040 Sq. Ft.

5,940 Sq. Ft. lot

367 Days on market

4759020 MLS ID

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About 784 Garfield St multi-family property

Fantastic investment property located near 8th and Colorado in Congress Park area of Denver. Walk through video on YouTube available here: https://www.youtube.com/watch?v=asv3IMuyS00&t=21s Property use options: 1) Continue to rent as a quadplex. See current (~$86K) and projected (~$97K) rent amounts. All leases expire in under 90 days. 2) Renovate and flip each side of the building to sell each side as a duplex. The layout allows for easy conversion to two units. 3) House hack: Live in one unit and rent out the others. Great location will draw in tenants. Four blocks from Colorado Blvd, Trader Joe's and Snooze. Walkable to Cherry Creek shopping and dining. Close to Rose Medical Center. Entire building is for sale: 790 Garfield is the north side and 784 Garfield is the south side of the building. 2 car detached garage and dedicated parking area off alley for two vehicles plus easy street parking. Shared washer/dryer on each side. Forced air heat on each side. Central air conditioning in 784. Current zoning U-SU-C. More zoning details online here: https://bit.ly/3H8XUco Recent updates: Roof and gutters with leaf guard - 2017, Furnace replacement #784 - 2020, The water heater was replaced in #784 in 2017 and in #790 in 2018, Bathroom remodel in #784 in 2021. Consistently rented and solid building will make this property a strong investment for years to come.
Fantastic investment property located near 8th and Colorado in Congress Park area of Denver. Walk through video on YouTube available here: https://www.youtube.com/watch?v=asv3IMuyS00&t=21s Property use options: 1) Continue to rent as a quadplex. See current (~$86K) and projected (~$97K) rent amounts. All leases expire in under 90 days. 2) Renovate and flip each side of the building to sell each side as a duplex. The layout allows for easy conversion to two units. 3) House hack: Live in one unit and rent out the others. Great location will draw in tenants. Four blocks from Colorado Blvd, Trader Joe's and Snooze. Walkable to Cherry Creek shopping and dining. Close to Rose Medical Center. Entire building is for sale: 790 Garfield is the north side and 784 Garfield is the south side of the building. 2 car detached garage and dedicated parking area off alley for two vehicles plus easy street parking. Shared washer/dryer on each side. Forced air heat on each side. Central air conditioning in 784. Current zoning U-SU-C. More zoning details online here: https://bit.ly/3H8XUco Recent updates: Roof and gutters with leaf guard - 2017, Furnace replacement #784 - 2020, The water heater was replaced in #784 in 2017 and in #790 in 2018, Bathroom remodel in #784 in 2021. Consistently rented and solid building will make this property a strong investment for years to come.

Property details

House

Above Grade Finished Area: 3040

Architectural Style: "Cottage/Bung"

Building Area Total: 3040

Construction Materials: "Brick/Brick Veneer"

Total Sq Ft: 3040

Levels: "Two"

Living Area: 3040

Living Area Source: Assessor

Living Area Units: Square Feet

Stories: 2

Year Built: 1924

Property Access

Accessibility Features: "Level Lot"

Appliances and Equipment

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

Basement

Basement: "Full"

Bathrooms

Bathrooms Total Integer: 4

Bedrooms

Bedrooms Total: 8

Location

City: Denver

Country: US

County Or Parish: Denver

Locale: Denver

Latitude: 39.728943

Longitude: -104.943733

MLS Area Major: Metro Denver

Postal Code: 80206

State Or Province: CO

Street Name: Garfield

Street Number: 784

Street Suffix: St

Subdivision Name: Congress Park

Unparsed Address: 784 Garfield St Denver CO 80206

Cooling

Cooling: "Central Air"

Cooling YN: t

Garage

Covered Spaces: 2

Garage Spaces: 2

Garage YN: t

Garage Type: Detached

Utilities

Electric: "Electric", "Separate Meter Electricity"

Gas: "Separate Meter Gas"

Is Water Meter Installed: Yes

Utilities: "Electricity Available"

Schools

Elementary School: Steck

High School: George Washington

High School District: Denver 1

Middle Or Junior School: Hill

Fence

Fencing: "Partial"

Fireplaces

Fireplace Features: "2+ Fireplaces"

Fireplace YN: t

Income

Gross Income: 86520

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

Taxes

Has Metro Tax District: No

Tax Annual Amount: 3301

Tax Year: 2022

Water

Has Water Rights: No

Water Source: "City Water"

Listing

Price Per Sq Ft: 444.08

Listing Id: 4759020

Listing Terms: "Cash", "Conventional"

List Price: 1350000

Mls Status: Active

Number Of Units Total: 4

Standard Status: Active

Interior Features

Interior Features: "Eat-in Kitchen", "Kitchen Island"

Laundry

Laundry Features: "Common Area"

Lot

Lot Features: "Gutters", "Level"

Lot Size Acres: 0.14

Lot Size Area: 5940

Lot Size Square Feet: 5940

Lot Size Units: Square Feet

Expenses

Operating Expense: 11700

Parking

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

Exterior Features

Patio And Porch Features: "Patio", "Deck"

Monthly cost

Estimated monthly cost

$8,322/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$1,269,000

+$40,500

$1,309,500

Seller agent commission$40,500 (3%)*

$0 (0%)

Buyer agent commission$40,500 (3%)*

$40,500 (3%)*

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

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with an Unreal Estate agent

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

Data updated: May 9, 2023 at 5:47 a.m.

Courtesy of Jackie White, Your Castle Real Estate Inc
This content last updated on 05/09/2023. 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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