2323-2325 E 12th Avenue

Denver, CO 80206

Incomes Property  $750,000  Sold

02-15-2017 12:55pm

Incredible turn-key opportunity with proven rental history (short/long-term and corporate) and impressive list of updates. 3 units - just blocks from Cheesman Park, Congress Park, and Denver Botanic Gardens. The main floor and basement units were completely remodeled in 2015/16 and are being sold completely furnished (corporate rental quality). The upstairs unit was updated in 2014/15 and is being sold unfurnished. Newer roof, exterior/interior paint, windows, appliances, water heaters (2-40 gallon units means plenty of hot H20!) and sewer line. You will love the excellent condition and lack of work to do on this property. Tenants love the finishes, private entrances, washer/dryers in each unit, walkable neighborhood, access to public transportation, and nearby bike share stations! This property is ready to go - cash flow this right away!

MLS#
3095153
MLS Originator
REcolorado (Denver)
Off Market Date
01-03-2017 12:00am
Original Price
$750,000

Property
Income
Property Subtype
Income
Sold
Status Conditions
None Known
Last Update
02-15-2017 12:55pm
Bedrooms
2
Bathrooms
3
SqFt
2520
Year Built
1906
Der PSF Total
297.62

SqFt Lot
2500.00
SqFt Finished
2520
SqFt Basement
840
SqFt Above
1680

Sold Price
$750,000
Previous Year Tax
$2,452
Terms and Conditions
Cash, Conventional
Transaction Type
For Sale

Interior Features
Cable Available, Internet Access (Wired), Remodeled, Smoke Free, Updated
Appliances
Dishwasher, Disposal, Dryer, Microwave Oven, Refrigerator (Kitchen), Smoke Alarm, Stove/Range/Oven, Washer
Flooring
Tile Floor, Wood Floors
Cooling
Air Conditioning-Room
Heating
Forced Air
Heating Fuel
Gas
Fireplaces Features
Wood

Laundry Availability
Washer/Dryer Included

Base Type
Apartment
Base Finished
Yes
Base Size
Full
Parking Spaces
1
Vehicle Spaces
1
Type
# of Space
L x W
Description
Garage (Detached)
1
-
Currently assigned to Unit 2323

Building Type
Triplex (all units)
Structure
Multi-Story
Roof
Composition Shingles
Construction
Brick
Architectural Style
Denver Square
Construction Method
Brick
Builder Source
Appraiser Measured

School District
Denver 1
Elementary School
Bromwell
Middle School
Morey
High School
East

Annual Actual Expenses
15800
Annual Projected Expenses
17000
Annual Actual Income
70000
Annual Projected Income
70000
Annual Actual Net Income
54200
Annual Projected Net Income
53000
Unit Furnished
2

PPA
12500000.00
Lot Width
0.00
Road Surface
Paved Road

Average Values based on MLS data (realtime)

The following Average Values are calculated based on the following property information
- Property Address: 2323-2325 E 12th Avenue, Denver, CO 80206
- Property Type: Incomes Property, 2 beds, 3 baths, 2520 SqFT
- Sold Price: $750,000
 
Average Price (Cumulative Number of Properties)
 
Last 3 months
Last 6 months
Last 9 months
Last 12 months
Area 1 (< 1 mile)
$0 (0)
$0 (0)
$0 (0)
$0 (0)
Area 2 (1-2 miles)
$0 (0)
$0 (0)
$0 (0)
$0 (0)
Area 3 (2-3 miles)
$0 (0)
$0 (0)
$0 (0)
$0 (0)
Area 4 (3-5 miles)
$739,999 (1)
$739,999 (1)
$739,999 (1)
$739,999 (1)

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