1134 N Downing

Denver, CO 80218 — Denver County

Income Property  $850,000  Sold  MLS# 8305011

2720.00 sqft    Lot size: 4690.00 sqft    0.11 acres    1897 build   

09-09-2020 01:25pm

  Property Description

PRICE REDUCED $50,000 -- This is now a 5.5% CAP Rate in Cheesman Park! 1134 Downing is a beautiful 3-unit apartment building in the heart of Cheesman Park. The property consists of two 2-bedrooms and one 1-bedroom, which are all larger than average for the neighborhood. The units offer modern touches combined with vintage features including exposed brick, decorative fireplaces and wood detail that tenants fall in love with. Recent updates include a new furnace, new exterior paint and solar panels on the roof. 4 off-street parking spaces can be leased to increase income. An investor can cashflow a well kept building in an A+ location, or make updates to the units like granite countertops or exposing the original hardwoods to increase rents considerably and add to the overall value. Property Offering Memorandum and virtual tours of each unit are available by request.Showings available this Thursday, July 16th.

  Listing Details

Property Type
Income Property
MLS#
8305011
MLS Originator
REcolorado (Denver)
Last Updated
09-09-2020 01:25pm
Status
Sold
Status Conditions
None Known
Der PSF Total
312.50
Off Market Date
07-21-2020 12:00am

  Property Details

Property Subtype
Triplex
Sold Price
$850,000
Original Price
$915,000
List Price
$850,000
Location
Denver, CO 80218
SqFT
2720.00
Year Built
1897
Acres
0.11
Parking Count
1

  Map

  Property Level and Sizes

SqFt Lot
4690.00
Lot Size
0.11

  Financial Details

PSF Total
$312.50
PSF Finished
$312.50
PSF Above Grade
$312.50
Previous Year Tax
$3,878
Year Tax
2019
Is this property managed by an HOA?
Primary HOA Fees
0.00

  Interior Details

Cooling
Other
Heating
Forced Air

  Exterior Details

  Room Details

  Garage & Parking

Parking Spaces
1

  Exterior Construction

Roof
Architectural Shingles
Construction
Brick

  Land Details

PPA
7727272.73

  Schools

Elementary School
Dora Moore
Middle School
Dora Moore
High School
East



  Walk Score





  Average Values based on MLS data (realtime)

The following Average Values are calculated based on the following property information
- Property Address: 1134 N Downing , Denver, CO 80218
- Property Type: Income Property, - beds, - baths, 2720.00 SqFT
- Selling Price: $865,000
 
Average Price (Cumulative Number of Properties)
 
Last 3 months
Last 6 months
Last 9 months
Last 12 months
Area 1 (< 1 mile)
$845,000 (1)
$853,333 (3)
$853,333 (3)
$853,333 (3)
Area 2 (1-2 miles)
$835,975 (4)
$846,193 (15)
$813,490 (20)
$817,610 (21)
Area 3 (2-3 miles)
$816,978 (9)
$848,825 (24)
$843,112 (33)
$826,559 (37)
Area 4 (3-5 miles)
$820,650 (12)
$831,614 (29)
$838,543 (40)
$810,522 (50)

  Contact Agent

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