571 N Emerson Street

Denver, CO 80218

Incomes Property  $769,000  Expired

08-14-2017 12:10am

Property is also offered as a Single Family Residence (SFR) with a mother in law apartment in the basement. See MLS# 1897196 Property is vacant, but very easy to rent in this market. Actual income and expenses are from 2016 tax return. $2850/month and $1150/month are the rents form the most recent annual leases. This gives a gross annual income of $48k. Proforma rent of $3000/month and $1200/month, yielding $50,400 gross annual income. Proforma cap rate of 5.2%. Tenants pay Excel directly for gas and electricity. Owner bills tenants for water.

MLS#
8145247
MLS Originator
REcolorado (Denver)
Off Market Date
08-10-2017 12:00am
Original Price
$789,751
Nearby Attraction
Historical District

Property
Income
Property Subtype
Income
Status
Expired
Last Update
08-14-2017 12:10am
Bedrooms
5
Bathrooms
2
SqFt
2304
Year Built
1911
Der PSF Total
333.77

SqFt Lot
4160.00
SqFt Finished
2304
SqFt Basement
768
SqFt Above
1536

Previous Year Tax
$2,422
Terms and Conditions
Cash, Conventional
Owner Paid Utilities
Other,Trash
Transaction Type
For Sale

Interior Features
Built-Ins, Pet Free, Remodeled, Skylights, Updated
Appliances
Dishwasher, Disposal, Refrigerator (Kitchen), Self-Cleaning Oven, Smoke Alarm, Stove/Range/Oven
Flooring
Carpet, Tile Floor, Wood Floors
Cooling
Air Conditioning-Central
Heating
Forced Air
Heating Fuel
Gas
Utilities
Cable TV, Internet Access (Wired), Telephone

Baths Full
0

General
Historical District
Features
Balcony, Fence, Front Porch, Patio, Yard
Base Type
Garden Level
Base Finished
Yes
Base Size
Full
Basement Finished %
100
Parking Spaces
1
Vehicle Spaces
0
Type
# of Space
L x W
Description
None
0
-
Lot View
City View

Building Type
Duplex (all units)
Structure
Multi-Story
Roof
Composition Shingles
Construction
Brick
Architectural Style
Denver Square
Exterior Features
Balcony, Fence, Front Porch, Patio, Yard
Construction Method
Brick
Builder Source
County Records

School District
Denver 1
Elementary School
Dora Moore
Middle School
Morey
High School
East

Annual Actual Expenses
9056
Annual Projected Expenses
9100
Annual Actual Income
42250
Annual Projected Income
50400
Annual Actual Net Income
33194
Annual Projected Net Income
41300
Unit Furnished
0

PPA
7690000.00
Lot Width
0.00

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