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Off market

Buy a multi-family propertyat 1244 Stuart Street, Denver, CO 80204

$1,050,000

$1,150,000 (-8.7%)

$0/mo

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Residential

3,500 Sq. Ft.

9,558 Sq. Ft. lot

8 Bedrooms

4 Bathrooms

361 Days on market

9126680 MLS ID

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About 1244 Stuart Street multi-family property

Fully rented four-plex generating $6,000 per month, with permitted palns for a 13-unit condo developement in one of Denver's hotest neighborhoods. The property is just 200 feet from the Perry Street Light Rail stop and the W Line running from Downtown Denver to Golden. It's also adjacent to the Lakewood Drygulch Park and recreation path. The building and each of the four existing units was recently remodeled with a new roof, new carpeting and tile, cabinets, countertops, some appliances, freshly painted, sewer line cleaned and boiler serviced. All tenants on a one-year lease. You also have the option of building a beautifull 13-unit condominium building. The plans are fully permitted by the City. Plans include four 2-bed/2bath units, nine 1-bed/1-bath units, and 13 covered parking spaces. Each unit includes its own private outdoor space. Lots of versatility: Rent the entire building, sell part and keep part, or sell the entire thing. You can also sell/lease the parking spaces separate from the apartments. This project was approved prior to the City's affordable housing regulations. This is a great investment as a rental or redevelopemnt project.
Fully rented four-plex generating $6,000 per month, with permitted palns for a 13-unit condo developement in one of Denver's hotest neighborhoods. The property is just 200 feet from the Perry Street Light Rail stop and the W Line running from Downtown Denver to Golden. It's also adjacent to the Lakewood Drygulch Park and recreation path. The building and each of the four existing units was recently remodeled with a new roof, new carpeting and tile, cabinets, countertops, some appliances, freshly painted, sewer line cleaned and boiler serviced. All tenants on a one-year lease. You also have the option of building a beautifull 13-unit condominium building. The plans are fully permitted by the City. Plans include four 2-bed/2bath units, nine 1-bed/1-bath units, and 13 covered parking spaces. Each unit includes its own private outdoor space. Lots of versatility: Rent the entire building, sell part and keep part, or sell the entire thing. You can also sell/lease the parking spaces separate from the apartments. This project was approved prior to the City's affordable housing regulations. This is a great investment as a rental or redevelopemnt project.

Property details

Property Access

Road Frontage Type: "Public"

Road Responsibility: "Public Maintained Road"

Road Surface Type: "Paved"

Appliances and Equipment

"Dishwasher", "Gas Water Heater", "Range", "Refrigerator"

Basement

Basement Level Bathrooms: 0

Basement Level Bedrooms: 0

Bathrooms

2 bathrooms on the main level

2 bathrooms on the upper level

4 Full Bathrooms

4 Total Bathrooms

Bedrooms

4 bedrooms on the main level

4 bedrooms on the upper level

8 Total Bedrooms

House

Above Grade Finished Area: 3328

Architectural Style: "Contemporary"

Common Walls: "1 Common Wall"

Construction Materials: "Brick", "Frame"

Levels: "Two"

Living Area: 3328

Occupant Type: Tenant

Room Count: 15

Structure Type: "Quadruplex"

Total Area: 3500

Year Built: 1978

Cooling

Cooling: "None"

Disclosures

Attribution Contact: 0109B@0109B.com,303-442-3180

Exclusions: Tenants personal property

Exterior Features

Features: "Private Yard", "Rain Gutters"

Fence

Fencing: "Partial"

Floors

Flooring: "Carpet", "Tile"

Heating

Heating: "Baseboard", "Hot Water"

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

Interior Features

Features: "Breakfast Nook", "Laminate Counters"

Listing

Accepting Backup Offers: {value

Contingency: None Known

Listing Contract Date: 2023-04-18

Listing Id: REC9126680

Listing Terms: "Cash", "Conventional"

Mls Status: Active

Off Market Date: 2023-05-07

Original List Price: $1,150,000

Price Change Timestamp: 2023-04-29 14:16:17

Purchase Contract Date: 2023-05-07

Special Listing Conditions: "None"

Standard Status: Active

Status Change Timestamp: 2023-05-15 17:34:44

Location

City: Denver

County Or Parish: Denver

Postal Code: 80204

Subdivision Name: West Colfax

Distance To Bus: 2 Blocks

Lot

Acres: 0.22

Area: 9558

Features: "Near Public Transit"

Parcel Number: 5061-23-037

Square Feet: 9558

Owner Pays

Ownership: Agent Owner

Parking

Offstreet Spaces: 8

Parking Count: 1

Parking Total: 8

Reserved Spaces: 0

RV Spaces: 0

Possession

"Closing/DOD"

Property

Out Building Count: 0

Property Condition: "Updated/Remodeled"

Property Sub Type: Multi-Family

Zoning: G-MU-3

Roof

Roof: "Architecural Shingle"

Schools

High School: North

Middle Or Junior School: Strive Lake

Elementary School: Colfax

High School District: Denver 1

Middle Or Junior School District: Denver 1

Elementary School District: Denver 1

Sewer

Sewer: "Public Sewer"

Taxes

Annual Amount: 3816

Legal Description: WEST VILLA PARK B7 L13 TO 15 & WEST VILLA PARK ANNEX B7 L13TO 15 TOG/W PT VAC ALY ADJ L15 PER ORD 2009-0681

Tax Year: 2022

Utilities

Electric: "220 Volts"

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

Water Source: "Public"

Windows

Window Features: "Double Pane Windows"

Monthly cost

Estimated monthly cost

$6,472/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$987,000

+$31,500

$1,018,500

Seller agent commission$31,500 (3%)*

$0 (0%)

Buyer agent commission$31,500 (3%)*

$31,500 (3%)*

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

Get $31,500 more selling your home
with a Unreal Estate agent

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Unreal Estate checked: Aug 8, 2023 at 4:38 p.m.

Data updated: May 15, 2023 at 6:06 p.m.

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