1101 N Emerson Street

Denver, CO 80218
  $1,242,500  Sold

10-21-2019 02:31pm

Property Description

This is a perfect owner occupied, Airbnb, and investment property in the heart of Cheesman Park! WITH UPDATED NUMBERS THIS PROEPRTY IS CURRENTLY A 6.72% CAP RATE. This property has a total of 4 units: three large 1/1 bath units and one two-story 5/2 bath unit that is over 2,000 SF. The units include exposed brick walls, plentiful natural light, tall ceilings, original hardwood floors, original wood work, patios, decks, and incredible historical charm. The property has a newer roof, newer furnace, copper plumbing, and mostly newer windows. It currently collects $7,600/month in rental income with very minimal expenses. Lastly, the property includes a shared yard and five off-street parking spaces. The location of this property is irreplaceable as it is only a few blocks from Cheesman Park and is surrounded by bars, nightlife, restaurants, and shopping in the Capitol Hill neighborhood. Please do not disturb tenants and contact listing broker for showing.

Listing Details

MLS#
3497830
MLS Originator
REcolorado (Denver)
Off Market Date
08-02-2019 12:00am
Original Price
$1,400,000
Nearby Attraction
Corner Lot

Property Details

Property
Income
Property Subtype
Income
Status
Sold
Status Conditions
None Known
Last Update
10-21-2019 02:31pm
Bedrooms
8
Bathrooms
5
SqFt
4400
Year Built
1894
Der PSF Total
282.39

Map

Property Level and Sizes

SqFt Lot
4791.00
SqFt Finished
4400
SqFt Basement
1398
SqFt Above
3002

Financial Details

Sold Price
$1,242,500
Previous Year Tax
$4,699
Terms and Conditions
Cash, Conventional, Exchange, Other, Private Financing
Owner Paid Utilities
Electricity,Gas,Trash,Water
Transaction Type
For Sale

Interior Details

Cooling
Air Conditioning-Central
Heating
Forced Air
Heating Fuel
Gas

Exterior Details

General
Corner Lot
Features
Front Porch, Garden Area, Patio, Yard
Base Size
Full
Parking Spaces
1
Vehicle Spaces
5
Type
# of Space
L x W
Description
Off-Street
5
-
Lot View
City View

Exterior Construction

Building Type
Quadplex (all units)
Roof
Composition Shingles
Construction
Brick
Exterior Features
Front Porch, Garden Area, Patio, Yard
Construction Method
Brick

Schools

School District
Denver 1

Condominium Projections

Annual Actual Expenses
22156
Annual Projected Expenses
18615
Annual Actual Income
93000
Annual Projected Income
99498
Annual Actual Net Income
70844
Annual Projected Net Income
80883
Unit Furnished
0

Land Details

PPA
11295454.55
Lot Width
0.00
Road Surface
Paved Road

Contact Agent

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