50 Osceola St Active Save Request In-Person Tour Request Virtual Tour
Denver,CO 80219
Key Details
Property Type Single Family Home
Sub Type Income Property
Listing Status Active
Purchase Type For Sale
Square Footage 2,900 sqft
Price per Sqft $368
Subdivision Barnum
MLS Listing ID 9553916
Style Contemporary/Modern
Bedrooms 8
HOA Y/N false
Abv Grd Liv Area 2,900
Originating Board REcolorado
Year Built 1954
Annual Tax Amount $3,428
Lot Size 9,583 Sqft
Acres 0.22
Property Description
This four-plex is just minutes from downtown Denver in the up-and-coming Barnum neighborhood. Here is your opportunity to buy a multifamily property with $7300 a month in rental income, generating a 7.7 cap rate. Live in one unit and rent out the others so your tenants pay your mortgage while you build equity! Seller is offering $10,000 for buy down on points for a lower interest rate or to cover closing costs. Each unit is; 725 sqft, 2 bedrooms and 1 bath (total sqft 2900) with great parking (4 spaces/unit). BONUS: The entire complex has been redone with new everything.. over $200k of upgrades inside and out! Outside; newer sewer line and new fencing with storage for each unit. Newer roof and new exterior paint and doors. Gas and electric meters are separated for each unit. Inside; all units have open floor plans with new luxury vinyl-wood flooring, new kitchens with gray shaker cabinets with soft closing draws and pulls, granite countertops, subway tile backsplash and new stainless steel appliances. The bathrooms are all new with fixtures and lighting. 2 units have new windows and other 2 newer windows. The furnaces are 4 years old and new water heaters. All new electrical and plumbing, plus trim, doors, and paint. Each unit has stackable W&D. Gas and electrical are paid by tenants. All units are currently occupied but Owner Occupancy Is Available with a 1 month notice. This investment property offers it all - too good to pass up!
Location
State CO
County Denver
Area Metro Denver
Zoning E-SU-D1X
Interior
Interior Features Open Floorplan
Heating Forced Air
Appliance Dishwasher,Refrigerator,Washer,Dryer,Microwave,Disposal
Exterior
Garage Spaces 16.0
Fence Fenced
Utilities Available Electricity Available,Cable Available
Waterfront false
Roof Type Composition
Building
Lot Description Gutters
Faces West
Story 2
Sewer City Sewer,Public Sewer
Water City Water
Level or Stories Two
Structure Type Wood/Frame,Block,Vinyl Siding,Concrete
New Construction false
Schools
Elementary Schools Newlon
Middle Schools Kepner
High Schools West
School District Denver 1
Others
Senior Community false
SqFt Source Assessor
Special Listing Condition Other Owner