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Buy a multi-family propertyat 1203/1207 Clayton Street, Denver, CO 80206

$1,649,900

$1,675,000 (-1.5%)

$0/mo

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Multifamily

4,388 Sq. Ft.

5,183 Sq. Ft. lot

8 Bedrooms

0 Bathrooms

350 Days on market

2628002 MLS ID

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About 1203/1207 Clayton Street multi-family property

Astounding opportunity is knocking in Historic Congress Park with this side-by-side 2 story (3rd Story Unfinished Attic) duplex (both sides) situated on a prime zoned corner (U-MS-2). This is arguably the last of the most coveted landmarks and locations you will ever hope for at the corner of 12th Avenue and Clayton Street in the heart of the 12th Avenue Business District. This zoning classification allows for multiple commercial uses in a residential neighborhood. The property has not been available for sale in over 22 years with one half presently being used as a work/live space on the owner occupant side with three additional income (rented) units on the adjacent side. Built in 1909, this Victorian Era building offers modern finishes while keeping its timeless architectural features preserved for the best living experience Denver has to offer. 8 bedrooms, 7 bathrooms, 3 covered porches, 2 patios, two balconies and a full unfinished attic space offers so many flex space opportunities, it’s impossible to explore the many options here. 3rd floor development and expansion could allow for city skyline views as well. Original wood floors, lead glass, stained glass, period lighting and 2 Schonbek Crystal Chandeliers. Updates include modern 5 steel storm doors, forced air furnaces, electric panels, copper main water supply from the street and indoor domestic copper water lines have been mostly replaced as well. Highbasement ceilings (7.5 feet) allow for usable coveted rental income and additional living space.
Astounding opportunity is knocking in Historic Congress Park with this side-by-side 2 story (3rd Story Unfinished Attic) duplex (both sides) situated on a prime zoned corner (U-MS-2). This is arguably the last of the most coveted landmarks and locations you will ever hope for at the corner of 12th Avenue and Clayton Street in the heart of the 12th Avenue Business District. This zoning classification allows for multiple commercial uses in a residential neighborhood. The property has not been available for sale in over 22 years with one half presently being used as a work/live space on the owner occupant side with three additional income (rented) units on the adjacent side. Built in 1909, this Victorian Era building offers modern finishes while keeping its timeless architectural features preserved for the best living experience Denver has to offer. 8 bedrooms, 7 bathrooms, 3 covered porches, 2 patios, two balconies and a full unfinished attic space offers so many flex space opportunities, it’s impossible to explore the many options here. 3rd floor development and expansion could allow for city skyline views as well. Original wood floors, lead glass, stained glass, period lighting and 2 Schonbek Crystal Chandeliers. Updates include modern 5 steel storm doors, forced air furnaces, electric panels, copper main water supply from the street and indoor domestic copper water lines have been mostly replaced as well. Highbasement ceilings (7.5 feet) allow for usable coveted rental income and additional living space.

Property details

Property Access

Road Responsibility: "Public Maintained Road"

Appliances and Equipment

"Disposal", "Dryer", "Gas Water Heater", "Microwave", "Oven", "Range", "Refrigerator", "Washer"

Basement

Basement

"Daylight", "Exterior Entry", "Finished", "Full", "Interior Entry", "Walk-Out Access"

Ceiling Height: 7.5

Bathrooms

7 total baths

Bedrooms

8 total bedrooms

House

Above Grade Finished Area: 2870

Architectural Style: "Denver Square"

Below Grade Finished Area: 1178

Below Grade Unfinished Area: 340.00

Common Walls: "1 Common Wall"

Construction Materials: "Brick"

Direction Faces: Southeast

Entry Location: Exterior Access

Levels: "Two"

Living Area: 4048

Occupant Type: Owner

Structure Type: "Quadruplex"

Total Area: 4388

Unit Count: 4

Unit Types: "Array", "Array", "Array", "Array"

Built in 1909

Cooling

Cooling: "Evaporative Cooling", "Other"

Disclosures

Attribution Contact: toddbarker@assist2sell.com,303-507-6448

Exclusions: 2639 E 12th Ave (1203 Clayton St) Owner's Personal Property, some furniture may convey and 1207 Clayton St Tenant's Personal Property Excluded

Expenses

Operating Expense Includes: "Insurance", "Real Estate Tax"

Projected Annual Expense: $14,000

Exterior Features

Features: "Balcony", "Dog Run", "Garden", "Private Yard", "Rain Gutters"

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

Fence

Fencing: "Full", "Partial"

Fireplaces

2 fireplaces

Fireplace Features: "Basement", "Living Room", "Other"

Floors

Flooring: "Carpet", "Tile", "Vinyl", "Wood"

Heating

Heating: "Forced Air", "Natural Gas"

Home Owner's Association

Association Fee Total Annual: $0

Association Fee Annual: 0.00

Association Fee 2 Annual Expense: 0.00

Association Fee 3 Annual Expense: 0.00

Income

Projected Annual Net Income: $106,000

Projected Gross Income: $120,000

Interior Features

Features: "Ceiling Fan(s)", "Eat-in Kitchen", "Entrance Foyer", "High Ceilings", "High Speed Internet", "In-Law Floor Plan", "Kitchen Island", "Laminate Counters", "Pantry", "Solid Surface Counters", "Utility Sink", "Wet Bar", "Wired for Data"

Laundry

Features: "External Facility", "In Basement", "In Unit"

Listing

Listing Id: REC2628002

Standard Status: Active

Mls Status: Active

Accepting Backup Offers: {value

Contingency: Kickout - Contingent on home sale

Listing Contract Date: 2023-05-04

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

Off Market Date: 2023-07-03

Original List Price: $1,745,000

Rentals Allowed: Long Term,Short Term Lease

Special Listing Conditions: "None"

Location

County Or Parish: Denver

Subdivision Name: Congress Park

Distance To Bus: 1 Blocks

Lot

Acres: 0.12

Area: 5183

Features: "Corner Lot", "Landscaped", "Level", "Near Public Transit", "Sprinklers In Front", "Sprinklers In Rear", "Subdividable"

Parcel Number: 5012-26-037

Square Feet: 5183

Energy Saving

Green Verification Count: 0

Owner Pays

Owner Pays: "Electricity", "Gas", "Insurance", "Taxes", "Trash Collection", "Water"

Ownership: Individual

Parking

Parking Total: 0

Carport Spaces: 0

Offstreet Spaces: 0

Reserved Spaces: 0

RV Spaces: 0

Parking Count: 1

Possession

"Close Plus 30 to 60 Days", "Seller Rent Back", "Subject To Tenant Rights"

Property

Current Use: "Live/Work"

Livable Structure Count: 0

Out Building Count: 0

Property Sub Type: Quadplex

Zoning: U-MS-2

Roof

Roof: "Composition"

Schools

Elementary School: Teller

Elementary School District: Denver 1

Middle Or Junior School: Morey

Middle Or Junior School District: Denver 1

High School: East

High School District: Denver 1

Security System

Features: "Carbon Monoxide Detector(s)", "Security Entrance", "Smoke Detector(s)"

Sewer

Sewer: "Public Sewer"

Taxes

Annual Amount: 7310

Legal Description: ROHLFINGS SUB B14 L20 & 21 & S/2 OF L19 EXC W 42FT SD LTS

Tax Year: 2022

Tenant Pays

Tenant Pays: "None"

Utilities

Electric: "110V"

Power Production Count: 0

Utilities: "Electricity Connected", "Internet Access (Wired)", "Natural Gas Connected", "Phone Available"

Utility Billing To Tenants: Included in Rent

Utility Metering: Common Gas,Common Water,Separate Electric

Water Source: "Public"

Monthly cost

Estimated monthly cost

$10,170/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$1,550,906

+$49,497

$1,600,403

Seller agent commission$49,497 (3%)*

$0 (0%)

Buyer agent commission$49,497 (3%)*

$49,497 (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 4:38 p.m.

Data updated: Jul 21, 2023 at 8:06 p.m.

Courtesy of ASSIST 2 SELL DENVER METRO toddbarker@assist2sell.com,303-507-6448
The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange ("IDX") program of METROLIST, INC., DBA RECOLORADO® Real estate listings held by brokers other than 222 W Merchandise Mart Plaza #1212, Chicago, IL 60654 are marked with the IDX Logo. This information is being provided for the consumers\’ personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

This publication is designed to provide information with regard to the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

The information contained in this publication is subject to change without notice. METROLIST, INC., DBA RECOLORADO MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC., DBA RECOLORADO SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.

METROLIST, INC., DBA RECOLORADO will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.

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Listing Information © 2024 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved. 6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA

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