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$ 1,300,000
Est. payment /mo
New
1340 N Race ST Denver, CO 80206
6,250 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 8805089
HOA Y/N No
Originating Board recolorado
Year Built 1898
Annual Tax Amount $6,655
Tax Year 2024
Lot Size 6,250 Sqft
Acres 0.14
Property Sub-Type Multi Family
Property Description
Incredible opportunity to own a classic Denver building blocks from Cheesman Park. Built in 1898 this single family home was converted to a six unit apartment building. Beautiful wood finishes in the halls. Main floor has a large one bedroom on south side with wood burning fireplace (currently not in working order). Second main floor unit is a north-side studio with large kitchen and bath. Second flor has two studios on east and west sides of building. Top floor has a remodeled one bedroom with fire escape off back of home and an updated studio. Bonus 7th unit in basement needs a lot of work and escapable window added but would be a nice addition. This property has great potential for growth, rents kept low to retain good, current tenants. Current figures used for cap rate affected by remodeling of one unit which was vacant most of 2024 and problematic eviction which has been completed.
Location
State CO
County Denver
Zoning G-MU-3
Interior
Fireplace N
Exterior
Parking Features Asphalt
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected
Roof Type Composition
Total Parking Spaces 7
Garage No
Building
Lot Description Near Public Transit
Sewer Community Sewer
Water Public
Structure Type Brick
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed by Ann Lampert Realty