1888 S Garfield Street

Denver, CO 80210

Incomes Property  $925,000  Sold

03-29-2018 04:08pm

The fourplex is well-maintained with numerous recent improvements including new vinyl, double-pane windows. The units are all two-bedroom, one bathroom. The units feature private front and rear entrances, in-unit laundry, and off-street parking. The property is ideally located within walking distance to the Colorado Light Rail Station. Moreover, an abundance of retail offerings are only a few blocks from the property. The property is located in a submarket with persistent low vacancy. The vacancy rate across all of 2017 was an incredibly low 3.1%.

MLS#
7538434
MLS Originator
REcolorado (Denver)
Off Market Date
02-27-2018 12:00am
Original Price
$915,000
Nearby Attraction
Corner Lot

Property
Income
Property Subtype
Income
Sold
Status Conditions
None Known
Last Update
03-29-2018 04:08pm
Bedrooms
8
Bathrooms
4
SqFt
3288
Year Built
1955
Der PSF Total
281.33

SqFt Lot
6350.00
SqFt Finished
3288
SqFt Above
3288

Sold Price
$925,000
Previous Year Tax
$4,020
Terms and Conditions
Cash, Conventional
Owner Paid Utilities
Insurance,Lawn Service,Maintenance,Trash,Water
Transaction Type
For Sale

Appliances
Dishwasher, Disposal, Dryer, Microwave Oven, Refrigerator (Kitchen), Stove/Range/Oven, Washer
Flooring
Carpet
Cooling
None
Heating
Baseboard
Heating Fuel
Gas

Laundry Availability
Washer/Dryer Included

General
Corner Lot
Base Size
None
Parking Spaces
1
Vehicle Spaces
4
Type
# of Space
L x W
Description
Off-Street
4
-

Building Type
Quadplex (all units)
Roof
Composition Shingles
Construction
Brick
Construction Method
Frame

School District
Denver 1
Elementary School
University Park
Middle School
Merrill
High School
South

Annual Actual Expenses
18805
Annual Projected Expenses
15442
Annual Actual Income
63801
Annual Projected Income
68228
Annual Actual Net Income
44996
Annual Projected Net Income
52786
Unit Furnished
0

PPA
6166666.67
Lot Width
0.00

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