342 S Lincoln Street

Denver, CO 80209

Incomes Property  $605,000  Sold

01-08-2018 04:23pm

Charming triplex located in the West Washington Park neighborhood, near everything South Broadway has to offer! Close proximity to restaurants and grocery stores: Lucile's Cafe, Blue Bonnet, Sam's Club, and the brand-new Natural Grocers (located across the street). Updated investment property with minimal maintenance expenses, in turn-key condition. Spacious floor plans with shared outdoor spaces for tenant use. Less than 1 mile to two RTD light rail stations (Alameda Station and Broadway Station) gives tenants easy access to all of Metro-Denver. Main unit (2Br/1Ba) is currently renting for $1,760/month, the ground floor 1Br/1Ba is currently renting for $1,045/month, and the basement apartment (1Br/1Ba) is currently renting for $885/month.

MLS#
6037646
MLS Originator
REcolorado (Denver)
Off Market Date
12-02-2017 12:00am
Original Price
$615,000
Distance to Rail
1.00
Nearby Attraction
Near Public Transit

Property
Income
Property Subtype
Income
Sold
Status Conditions
None Known
Last Update
01-08-2018 04:23pm
Bedrooms
4
Bathrooms
3
SqFt
2206
Year Built
1919
Der PSF Total
274.25

SqFt Lot
4100.00
SqFt Finished
2206
SqFt Basement
740
SqFt Above
1466

Sold Price
$605,000
Previous Year Tax
$2,249
Terms and Conditions
Cash, Conventional, Exchange
Owner Paid Utilities
None
Transaction Type
For Sale

Interior Features
Built-Ins, Eating Space / Kitchen, Exterior Basement Entrance, Heated Basement, Updated, Window Coverings
Appliances
Dishwasher, Disposal, Dryer, Refrigerator (Kitchen), Smoke Alarm, Stove/Range/Oven, Washer
Flooring
Tile Floor, Wood Floors
Cooling
Air Conditioning-Individual, Ceiling Fan
Heating
Forced Air, Hot Water
Heating Fuel
Gas
Fireplaces Features
Wood

Laundry Availability
Washer/Dryer Included

General
Near Public Transit
Features
Fence, Front Porch, Yard
Base Type
Apartment
Base Finished
Yes
Base Size
Full
Basement Finished %
95
Parking Spaces
1
Vehicle Spaces
3
Type
# of Space
L x W
Description
Off-Street
3
-

Building Type
Triplex (all units)
Structure
Multi-Story
Roof
Composition Shingles
Construction
Brick
Architectural Style
Traditional
Exterior Features
Fence, Front Porch, Yard
Construction Method
Brick,Frame
Builder Source
County Records

School District
Denver 1
Elementary School
Lincoln
Middle School
Grant
High School
South

Annual Actual Expenses
10257
Annual Projected Expenses
10956
Annual Actual Income
48591
Annual Projected Income
49234
Annual Actual Net Income
38334
Annual Projected Net Income
38278
Unit Furnished
0

PPA
6722222.22
Lot Width
0.00
Road Surface
Paved Road

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Average Values based on MLS data (realtime)

The following Average Values are calculated based on the following property information
- Property Address: 342 S Lincoln Street, Denver, CO 80209
- Property Type: Incomes Property, 4 beds, 3 baths, 2206 SqFT
- Sold Price: $605,000
 
Average Price (Cumulative Number of Properties)
 
Last 3 months
Last 6 months
Last 9 months
Last 12 months
Area 1 (< 1 mile)
$0 (0)
$605,000 (1)
$605,000 (1)
$605,000 (1)
Area 2 (1-2 miles)
$0 (0)
$605,000 (1)
$605,000 (1)
$605,000 (1)
Area 3 (2-3 miles)
$1,050,000 (1)
$1,126,667 (3)
$1,126,667 (3)
$1,126,667 (3)
Area 4 (3-5 miles)
$897,780 (5)
$974,129 (7)
$974,129 (7)
$974,129 (7)

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