$1,249,000

Quadruplex In Denver

  • 5 Hab.
  • 4 Baños
  • 3,613 Sqft
  • 9,370 Sqft lot
  • Actualizado: Septiembre 16
  • Fuente:
    REcolorado  MLS#4673068

Sobre la propiedad

La descripción se tradujo automáticamente.
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Awesome covered-land play opportunity! This exceptional corner lot offers a fantastic development opportunity on a 9,370-square-foot site with U-RH-3A zoning, ideally located just one block from the coveted Sloan’s Lake Park.
The existing units benefit from strong rental demand, quick leasing, and phenomenal tenant retention, making this an attractive opportunity for both immediate income and
Awesome covered-land play opportunity! This exceptional corner lot offers a fantastic development opportunity on a 9,370-square-foot site with U-RH-3A zoning, ideally located just one block from the coveted Sloan’s Lake Park.
The existing units benefit from strong rental demand, quick leasing, and phenomenal tenant retention, making this an attractive opportunity for both immediate income and future development potential.

Adding to the appeal, the City of Denver plans to invest $50 million in improvements to Sloan’s Lake, including shoreline restoration and water-quality improvements. These significant enhancements are expected to further improve the surrounding area and enhance the long-term appeal of the property.

Immediate income upside: Two family members currently occupy two of the units at below-market rents. Bringing both units to market rents supports an estimated 4.5% cap rate.
The family member occupying the two-bedroom unit is vacating by the end of October, creating an opportunity to increase annual rental income by more than $7,500.
The family member residing at 1591 Utica is currently below market, with a lease ending July ’27.
With strong existing rental performance, significant near-term income upside, desirable zoning, and a prime location near Sloan’s Lake, this property presents an excellent combination of current cash flow and future development potential.

Showing Instructions: Listing agent Will McKinlay must be present for all showings. Please provide tenants with at least 24 hours’ notice prior to any showing.
  • Tipo de propiedad

    Otros

  • Año de construcción

    1954

  • Precio/pie²

    $345

Características

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4500 W 16th Avenue, Denver, Colorado, Estados Unidos Ver en Google Maps
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Capital Property Group LLC - DENVER

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Capital Property Group LLC - DENVER
Colorado, United States
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Capital Property Group LLC - DENVER
DENVER, Colorado, United States
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Última actualización
Septiembre 16
Primera publicación
Sep 10
Referencia del anuncio
4673068
Estado del anuncio
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