3093 W Center Avenue

Denver, CO 80219

Incomes Property  $855,000  Under Contract

11-16-2019 07:29pm

Property Description

CASH COW investment opportunity. This Adams Park 4-plex tucked into a residential neighborhood is a rare find. Located essentially at Alameda and Federal you are so close to downtown Denver you will never want for a tenant. The solid brick no-muss-no-fuss building means no budgeting for exterior painting. And, if that wasn't hassle free enough the individually metered units for gas and electric services means no time consuming and complaint prone tenant utility bill back. This also means YOU will never be on the hook for unpaid gas/electric service. With a current ACTUAL income of 67,056/year (we're not marketing a bogus "pro-forma" income number here - no no no!) you can be sure that the demand for this rental is REAL. With a mix of long term and shorter term tenants each having their individual entrances to their own living spaces you will not be disappointed on how THIS property operates in your portfolio. Dive by and have a look!

Listing Details

MLS#
5354348
MLS Originator
REcolorado (Denver)
Off Market Date
11-12-2019 12:00am
Original Price
$855,000

Property Details

Property
Income
Property Subtype
Income
Status
Under Contract
Status Conditions
None Known
Last Update
11-16-2019 07:29pm
Bedrooms
8
Bathrooms
4
SqFt
3046
Year Built
1963
Der PSF Total
280.70

Map

Property Level and Sizes

SqFt Lot
9970.00
SqFt Finished
3046
SqFt Above
3046

Financial Details

Previous Year Tax
$2,852
Terms and Conditions
Cash, Conventional
Owner Paid Utilities
Trash,Water
Transaction Type
For Sale

Interior Details

Cooling
Air Conditioning-Individual
Heating
Forced Air
Heating Fuel
Gas

Exterior Details

Base Size
None
Parking Spaces
1
Vehicle Spaces
0
Type
# of Space
L x W
Description
None
0
-

Exterior Construction

Building Type
Quadplex (all units)
Structure
Multi-Story
Roof
Composition Shingles
Construction
Brick
Architectural Style
Other
Construction Method
Brick

Schools

School District
Denver 1
Elementary School
Munroe
Middle School
Kepner
High School
West

Condominium Projections

Annual Actual Expenses
12528
Annual Projected Expenses
12528
Annual Actual Income
67056
Annual Projected Income
67056
Annual Actual Net Income
54528
Annual Projected Net Income
54528
Unit Furnished
0

Land Details

PPA
3717391.30
Lot Width
0.00


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