58 W 1st Avenue

Denver, CO 80223

Incomes Property  $740,000  Under Contract

12-18-2017 01:29pm

Recently converted tri-plex in the HOT Baker neighborhood. Huge upside on this Value-add investment opportunity with below market rents OR owner-occupant with income. This is a fixer upper that can be a GEM. Roof, Furnace, Sewer are in need of replacement. Great location just west of Broadway and Punch Bowl Social on 1st Avenue.

MLS#
5296410
MLS Originator
REcolorado (Denver)
Off Market Date
12-18-2017 12:00am
Original Price
$799,000

Property
Income
Property Subtype
Income
Status
Under Contract
Status Conditions
None Known
Last Update
12-18-2017 01:29pm
Bedrooms
8
Bathrooms
4
SqFt
2450
Year Built
1890
Der PSF Total
302.04

SqFt Lot
3272.00
SqFt Finished
2450
SqFt Basement
574
SqFt Above
1876

Previous Year Tax
$2,640
Terms and Conditions
Cash, Conventional, Exchange, FHA, Jumbo
Transaction Type
For Sale

Cooling
Air Conditioning-Individual
Heating
Forced Air
Heating Fuel
Gas

Baths Full
0

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

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

School District
Denver 1
Elementary School
Valverde
Middle School
Grant
High School
West

Annual Actual Expenses
10040
Annual Projected Expenses
10040
Annual Actual Income
54000
Annual Projected Income
63600
Annual Actual Net Income
43960
Annual Projected Net Income
53560
Unit Furnished
0

PPA
9250000.00
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: 58 W 1st Avenue, Denver, CO 80223
- Property Type: Incomes Property, 8 beds, 4 baths, 2450 SqFT
- Selling Price: $740,000
 
Average Price (Cumulative Number of Properties)
 
Last 3 months
Last 6 months
Last 9 months
Last 12 months
Area 1 (< 1 mile)
$740,000 (1)
$740,000 (1)
$740,000 (1)
$740,000 (1)
Area 2 (1-2 miles)
$740,000 (1)
$740,000 (1)
$740,000 (1)
$740,000 (1)
Area 3 (2-3 miles)
$740,000 (1)
$740,000 (1)
$740,000 (1)
$740,000 (1)
Area 4 (3-5 miles)
$740,000 (1)
$740,000 (1)
$740,000 (1)
$740,000 (1)

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