50 S Alcott Street

Denver, CO 80219

Incomes Property  $685,000  Sold

01-20-2017 04:25pm

Price Just Reduced!Beautiful converted Victorian located in the Valverde neighborhood, west of Denver, and sits on an attractive lot with downtown skyline views. It is in really good shape and has a new roof, gutters, windows, and boiler. The property has a great unit mix of (4) studios, (1) 1bd, and (2) 2bd. The owner is currently renting two of the units out as AirBnB rentals, and ~90% of the property comes furnished. Additional Highlights include: - 7.62% Current CAP Rate- Just $105,357/Unit- Partially Furnished Units- Easy Access to 6th Avenue and Federal Boulevard

MLS#
7624214
MLS Originator
REcolorado (Denver)
Off Market Date
12-06-2016 12:00am
Original Price
$737,500
Nearby Attraction
Near Public Transit

Property
Income
Property Subtype
Income
Sold
Status Conditions
None Known
Last Update
01-20-2017 04:25pm
Bedrooms
6
SqFt
5290
Year Built
1890
Der PSF Total
129.49

SqFt Lot
13296.00
SqFt Finished
4593
SqFt Basement
1067
SqFt Above
4223

Sold Price
$685,000
Previous Year Tax
$1,995
Terms and Conditions
Cash, Conventional, Exchange
Transaction Type
For Sale

Cooling
None
Heating
Hot Water
Heating Fuel
Gas

General
Near Public Transit
Base Size
Partial
Parking Spaces
1
Vehicle Spaces
0
Type
# of Space
L x W
Description
None
0
-

Building Type
5+ Plex (all units),Low Rise (all units)
Roof
Composition Shingles
Construction
Brick
Construction Method
Brick
Builder Source
County Records

School District
Denver 1
Elementary School
Valverde
Middle School
Strive Westwood
High School
West

Annual Actual Expenses
15326
Annual Projected Expenses
18506
Annual Actual Income
75300
Annual Projected Income
72600
Annual Actual Net Income
59974
Annual Projected Net Income
54094
Unit Furnished
0

PPA
2209677.42
Lot Width
0.00
Road Surface
Paved Road

Average Values based on MLS data (realtime)

The following Average Values are calculated based on the following property information
- Property Address: 50 S Alcott Street, Denver, CO 80219
- Property Type: Incomes Property, 6 beds, - baths, 5290 SqFT
- Sold Price: $685,000
 
Average Price (Cumulative Number of Properties)
 
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Area 1 (< 1 mile)
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Area 2 (1-2 miles)
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Area 3 (2-3 miles)
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Area 4 (3-5 miles)
$0 (0)
$687,000 (1)
$687,000 (1)
$687,000 (1)

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