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721 W 9th AVE Denver, CO 80204
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Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,588 sqft
Price per Sqft $434
Subdivision Smiths
MLS Listing ID 4373854
Sold Date 05/12/23
Bedrooms 3
HOA Y/N No
Abv Grd Liv Area 906
Originating Board recolorado
Year Built 1921
Annual Tax Amount $2,964
Tax Year 2021
Lot Size 2,178 Sqft
Acres 0.05
Property Description
Through no fault of the seller, this property is back on the market! Incredible investment opportunity for a turn key duplex in the fantastic Lincoln Park neighborhood! This property offers a main house on the street level. Featuring 2 large bedrooms, 1 full bathroom, large kitchen with updates, dining room and living room. The unit downstairs features 1 bedroom, 1 full bathroom, a full kitchen and a separate living area. Shared laundry located in the basement. Both units are currently occupied with great tenants. Rents are currently below market rent and could both be raised $200-$400/mo as well as expenses decreased if utilities were charged back to tenants. If aesthetic improvements were done to the property, rents could easily soar beyond projected numbers! Don't miss out on this wonderful income property that can cashflow day 1 with lots of potential! If buyer wanted to occupy the main house, there's a great opportunity to offset their mortgage with the downstairs apartment income!
Location
State CO
County Denver
Zoning C-MX-3
Rooms
Basement Finished
Interior
Interior Features Built-in Features, Smoke Free
Heating Hot Water
Cooling Air Conditioning-Room
Flooring Wood
Fireplaces Number 1
Fireplace Y
Appliance Convection Oven, Dishwasher, Disposal, Dryer, Microwave, Oven, Refrigerator, Washer
Laundry Common Area
Exterior
Fence Full
Roof Type Composition
Garage No
Building
Lot Description Level
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Brick
Schools
Elementary Schools Dora Moore
Middle Schools Kepner
High Schools West
School District Denver 1
Others
Senior Community No
Ownership Corporation/Trust
Acceptable Financing 1031 Exchange, Cash, Conventional, Other
Listing Terms 1031 Exchange, Cash, Conventional, Other
Special Listing Condition None
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Bought with MODUS Real Estate