3064 N Speer Boulevard

Denver, CO 80211

Incomes Property  $1,150,000  Sold

01-05-2018 03:06pm

12.24% Cash on Cash Return! Fully leased Multi-unit Victorian property with many of its vintage features located in the highly desirable Highlands neighborhood. Walking distance from Highlands, LoHi and Downtown and just yards to Highland Park. This four-unit property consists of 3 two bedroom units in the main house and a one bedroom unit in the carriage house. Ample off-street parking, 2 units have tandem spaces and 2 have one space each. The entire property and all units have been substantially updated. Improvements: New Roof and Gutters with warranty, New Furnaces, Upgraded Electrical Service Panel and New Exterior Paint. This is a low maintenance property located near public transit in a extremely dynamic and solid rental market! All units have separate furnaces and there are two separate laundry rooms. The property has a far superior configuration than similar multi-unit properties and features nice fenced patio areas. You won't find a better investment opportunity in Highlands!

MLS#
2552658
MLS Originator
REcolorado (Denver)
Off Market Date
10-20-2017 12:00am
Original Price
$1,250,000
Nearby Attraction
Near Public Transit

Property
Income
Property Subtype
Income
Sold
Status Conditions
None Known
Last Update
01-05-2018 03:06pm
Bedrooms
7
Bathrooms
4
SqFt
5170
Year Built
1901
Der PSF Total
222.44

SqFt Lot
6798.00
SqFt Finished
4691
SqFt Basement
479
SqFt Above
4691

Sold Price
$1,150,000
Previous Year Tax
$3,609
Terms and Conditions
Cash, Other
Owner Paid Utilities
Insurance,Water
Transaction Type
For Sale

Interior Features
Breakfast Nook
Appliances
Dishwasher, Disposal, Dryer, Microwave Oven, Refrigerator (Kitchen), Smoke Alarm, Stove/Range/Oven, Washer
Flooring
Wood Floors
Cooling
Air Conditioning-Room, Evaporative Cooler (Swamp)
Heating
Forced Air
Heating Fuel
Gas

Laundry Availability
Shared Laundry in Building,Washer/Dryer Included

General
Near Public Transit
Features
Balcony, Fence, Yard
Base Type
Cellar
Base Floor Plan
Slab
Base Size
Partial
Parking Spaces
1
Parking Features
Driveway-Concrete, Driveway-Gravel, Tandem
Vehicle Spaces
6
Type
# of Space
L x W
Description
Off-Street
6
-
2 Tandem Spaces & 2 Regular Spaces
Lot View
City View

Building Type
Quadplex (all units)
Structure
Multi-Story
Roof
Composition Shingles
Construction
Brick
Architectural Style
Victorian
Exterior Features
Balcony, Fence, Yard
Construction Method
Brick
Builder Source
Listor Measured

School District
Denver 1
Elementary School
Edison
Middle School
Strive Sunnyside
High School
North

Annual Actual Expenses
11176
Annual Projected Expenses
11176
Annual Actual Income
90000
Annual Projected Income
90000
Annual Actual Net Income
78824
Annual Projected Net Income
78824
Unit Furnished
4

PPA
19166666.67
Lot Width
0.00

Average Values based on MLS data (realtime)

The following Average Values are calculated based on the following property information
- Property Address: 3064 N Speer Boulevard, Denver, CO 80211
- Property Type: Incomes Property, 7 beds, 4 baths, 5170 SqFT
- Sold Price: $1,150,000
 
Average Price (Cumulative Number of Properties)
 
Last 3 months
Last 6 months
Last 9 months
Last 12 months
Area 1 (< 1 mile)
$0 (0)
$1,150,000 (1)
$1,150,000 (1)
$1,150,000 (1)
Area 2 (1-2 miles)
$0 (0)
$1,150,000 (1)
$1,150,000 (1)
$1,150,000 (1)
Area 3 (2-3 miles)
$0 (0)
$1,150,000 (1)
$1,150,000 (1)
$1,150,000 (1)
Area 4 (3-5 miles)
$0 (0)
$1,150,000 (1)
$1,150,000 (1)
$1,150,000 (1)

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