4587 Federal Boulevard #4591

Denver, CO 80211 — Denver County

Commercial Sale  $1,950,000  Pending  MLS# 9790378

8758.00 sqft    Lot size: 23000.00 sqft    0.53 acres    1981 build   

12-28-2020 01:40pm

  Property Description

OPPORTUNITY: Significantly raise rents with minimal CapEx and be fully stabilized by fall 2021. Budget $7k per unit as tenants turn to get $1600/month per unit. Leases begin to expire 2/28/21 and the last lease expires 7/31/21. Additional income opportunity of approx. $800/month by leasing unfinished basement as sectioned storage lockers.LOCATION: Location, location, location! These tenants enjoy all that is offered in Highlands, Sunnyside and Berkeley. Everything from historic restaurants like Gaetano’s to all the new and trendy destinations (too many to list). A short bike ride gets you to Tennyson Street where you can spend the day in a wide variety of bars, restaurants, boutiques, specialty grocery or get some rest in a spa, salon or yoga studio. This location is perfect anyone who loves the urban lifestyle. Just two blocks away is Rocky Mountain Lake Park and Regis University. Quick access to I-70 puts you in Downtown Denver to the east or Golden to the west in just 10 minutes. PROPERTY: Parking is never an issue with three spaces per unit. All units have an eat-in kitchen and in-unit washer/dryer hook ups. These units are more spacious than most of the rent comparables in the area. Always professionally managed. New parking lot sealant. Newer roof. Little to no deferred maintenance.

  Listing Details

Property Type
Commercial Sale
MLS#
9790378
MLS Originator
REcolorado (Denver)
Last Updated
12-28-2020 01:40pm
Status
Pending
Status Conditions
None Known
Der PSF Total
222.65
Off Market Date
12-19-2020 12:00am

  Property Details

Property Subtype
Multi-Family
Sold Price
$1,950,000
Original Price
$1,950,000
Price
$1,950,000
Location
Denver, CO 80211
SqFT
8758.00
Year Built
1981
Acres
0.53
Parking Count
1

  Map

  Property Level and Sizes

SqFt Lot
23000.00
Lot Size
0.53

  Financial Details

PSF Total
$222.65
Previous Year Tax
$12,545
Year Tax
2019

  Interior Details

Utilities
Cable Available, Electricity Available, Electricity Connected, Internet Access (Wired), Natural Gas Available, Natural Gas Connected, Phone Available, Phone Connected, Sewer Connected

  Exterior Details

Water
Public
Sewer
Public Sewer

  Room Details

  Garage & Parking

Parking Spaces
1
Parking Features
Asphalt

  Exterior Construction

Roof
Architectural Shingles
Construction
Brick
Architectural Style
Traditional

  Land Details

PPA
3679245.28

  Schools



  Listing Media

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  Walk Score





  Average Values based on MLS data (realtime)

The following Average Values are calculated based on the following property information
- Property Address: 4587 Federal Boulevard #4591, Denver, CO 80211
- Property Type: Commercial Sale, - beds, - baths, 8758.00 SqFT
- Selling Price: $1,950,000
 
Average Price (Cumulative Number of Properties)
 
Last 3 months
Last 6 months
Last 9 months
Last 12 months
Area 1 (< 1 mile)
$0 (0)
$0 (0)
$0 (0)
$0 (0)
Area 2 (1-2 miles)
$0 (0)
$0 (0)
$0 (0)
$0 (0)
Area 3 (2-3 miles)
$1,425,000 (1)
$1,425,000 (1)
$1,425,000 (1)
$1,425,000 (1)
Area 4 (3-5 miles)
$2,233,720 (5)
$1,998,933 (6)
$1,998,933 (6)
$1,998,933 (6)

  Contact Agent

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