2931 S Downing Street

Englewood, CO 80113

Incomes Property  $500,000  Withdrawn

09-13-2019 05:33pm

Property Description

With a 6.7% cap rate, this house checks all the boxes. There is even an easy option to convert the home into a separate basement. The house is positioned between two large hospitals (but little noise) and the University of Denver. The neighborhood consists of professionals in academia, health care, and young families or students who like to utilize Washington Park located a mile away. Tenants can walk five minutes to two parks, and 10 minutes to coffee shops, restaurants, grocery stores, DU, shops on Evans and Downing and Charles Hay Elementary School. Most recent updates occurred in August and included: new warranted roof, updated kitchen, sun-room drywall, whole house paint, and basement bar counter-tops. There are several options to make this spacious home exactly how you want it. The basement can be an exercise room, kids play room, game room, or you can convert the bar into a kitchen and create separate living space. Don't miss your chance for long lasting income potential.

Listing Details

MLS#
4635762
MLS Originator
REcolorado (Denver)
Off Market Date
09-13-2019 12:00am
Original Price
$500,000
Distance to Bus
0.01
Distance to Rail
2.00

Property Details

Property
Income
Property Subtype
Income
Status
Withdrawn
Last Update
09-13-2019 05:33pm
Bedrooms
4
Bathrooms
3
SqFt
3213
Year Built
1970
Der PSF Total
155.62

Map

Property Level and Sizes

SqFt Lot
6839.00
SqFt Finished
2912
SqFt Basement
1470
SqFt Above
1470

Financial Details

Previous Year Tax
$2,350
Terms and Conditions
Cash, Conventional, FHA, Jumbo, VA
Owner Paid Utilities
Insurance,Maintenance,Property Tax
Transaction Type
For Sale

Interior Details

Interior Features
Cable Available, Double Pane Windows, Eating Space / Kitchen, Exercise Room, Heated Basement, Interior Basement Entrance, Master Bath, Pantry, Remodeled, Smoke Free, Updated
Appliances
Cook Top, Dishwasher, Disposal, Dryer, Freezer, Refrigerator (Kitchen), Refrigerator (Other), Smoke Alarm, Stove/Range/Oven, Washer
Flooring
Carpet, Concrete, Laminate, Wood
Cooling
Air Conditioning-Central
Heating
Forced Air
Heating Fuel
Gas, Wood
Fireplaces Features
Wood

Room Details

Laundry Availability
Washer/Dryer Included

Exterior Details

Features
Covered Patio, Dog Run, Fence, Garden Area, Patio, Sprinkler System, Yard
Base Type
Standard
Base Finished
Yes
Base Floor Plan
Slab
Base Size
Full
Basement Finished %
95
Parking Spaces
1
Parking Features
220 Volts, Driveway-Concrete, Oversized Deep, Oversized Door, Oversized Wide
Vehicle Spaces
2
Type
# of Space
L x W
Description
Garage (Attached)
2
-
Oversized 2-Car Garage, Workshop, 220V Hookup

Exterior Construction

Structure
Ranch/1 Story
Roof
Composition Shingles
Construction
Brick, Wood Siding
Exterior Features
Covered Patio, Dog Run, Fence, Garden Area, Patio, Sprinkler System, Yard
Construction Method
Brick,Concrete,Frame
Builder Source
County Records

Schools

School District
Englewood 1
Elementary School
Charles Hay
Middle School
Englewood
High School
Englewood

Condominium Projections

Annual Actual Expenses
5450
Annual Projected Expenses
5450
Annual Actual Income
38975
Annual Projected Income
33525
Annual Actual Net Income
33525
Annual Projected Net Income
28075
Unit Furnished
0

Land Details

PPA
3125000.00
Lot Width
0.00
Road Surface
Alley, Paved Road

Contact Agent

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