2645 S Cherry Street

Denver, CO 80222

Incomes Property  $1,800,000  Sold

09-27-2017 06:24pm

All 3 duplexes and lots will be sold together: 2645 S Cherry St #2675, Denver, CO 80222, 4591 E Yale Ave #4593, Denver, CO 80222, 4585 E Yale Ave #4587, Denver, CO 80222. Between the close proximity to the University of Denver (1.5 miles) and the S-MU-5 zoning, this grouping of well maintained duplexes leaves little to be desired. Scrape to make room for new construction or keep tenants in place and collect rent. The University Hills Neighborhood offers many amenities including: public transportation, shopping, restaurants, gyms, Wellshire Golf Course, parks and more.

MLS#
8660201
MLS Originator
REcolorado (Denver)
Off Market Date
05-19-2017 12:00am
Original Price
$1,775,000
Nearby Attraction
Corner Lot, Near Public Transit

Property
Income
Property Subtype
Income
Status
Sold
Status Conditions
None Known
Last Update
09-27-2017 06:24pm
Bedrooms
12
Bathrooms
6
SqFt
6174
Year Built
1958
Der PSF Total
291.55

SqFt Lot
19800.00
SqFt Finished
6174
SqFt Above
6174

Sold Price
$1,800,000
Previous Year Tax
$2,528
Terms and Conditions
Cash, Conventional, Exchange
Transaction Type
For Sale

Appliances
Dishwasher, Refrigerator (Kitchen), Stove/Range/Oven
Flooring
Carpet, Vinyl/Linoleum, Wood Floors
Cooling
None
Heating
Hot Water
Heating Fuel
Electric

Baths Full
0
Laundry Availability
W/D Hookups in Unit

General
Corner Lot, Near Public Transit
Features
Sprinkler System, Yard
Base Size
Partial
Parking Spaces
2
Vehicle Spaces
6
Type
# of Space
L x W
Description
Carport (Detached)
3
-
Garage (Detached)
3
-

Building Type
Duplex (all units)
Structure
Ranch/1 Story
Roof
Composition Shingles
Construction
Brick
Exterior Features
Sprinkler System, Yard
Construction Method
Brick
Builder Source
County Records

School District
Denver 1
Elementary School
University Park
Middle School
Merrill
High School
Thomas Jefferson

Annual Actual Expenses
18655
Annual Projected Expenses
20147
Annual Actual Income
128400
Annual Projected Income
138672
Annual Actual Net Income
109745
Annual Projected Net Income
118525
Unit Furnished
0

PPA
4000000.00
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: 2645 S Cherry Street, Denver, CO 80222
- Property Type: Incomes Property, 12 beds, 6 baths, 6174 SqFT
- Sold Price: $1,800,000
 
Average Price (Cumulative Number of Properties)
 
Last 3 months
Last 6 months
Last 9 months
Last 12 months
Area 1 (< 1 mile)
$1,800,000 (1)
$1,800,000 (1)
$1,800,000 (1)
$1,800,000 (1)
Area 2 (1-2 miles)
$1,800,000 (1)
$1,800,000 (1)
$1,800,000 (1)
$1,800,000 (1)
Area 3 (2-3 miles)
$1,800,000 (1)
$1,800,000 (1)
$1,800,000 (1)
$1,800,000 (1)
Area 4 (3-5 miles)
$2,150,000 (2)
$2,150,000 (2)
$2,150,000 (2)
$2,150,000 (2)

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