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1200 E 24th AVE Denver, CO 80205
0.29 Acres Lot
UPDATED:
Key Details
Property Type Other Types
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 4895373
Style Traditional
HOA Y/N No
Year Built 1945
Lot Size 0.291 Acres
Acres 0.29
Property Sub-Type Multi Family
Property Description
Tremendous opportunity with this very unique situation! This listing includes both 2344/2346 Downing Street & 1200-1206 E 24th Ave. Two separate legal parcels allow you to get two conventional (even FHA) loans and two insurance policies offering better rates and terms than commercial products. You could sell the parcels separately or go one step further and sell each unit individually through a party wall split. However, this also makes a great hold! Offered at a 6.47% cap rate on actual numbers, this turnkey asset boasts 2 to 1 parking, WA/DR in each unit, separate hot water heaters and HVAC systems. (5 of the 6 have central air) Large lot that would allow you to build additional units through an ADU. Long term tenants who pay their own electric and gas. Ideally located close to downtown, Rino, RTD, parks, shopping, restaurants, etc. Current rent roll and 2025 I&E's can be found in supplements.
Location
State CO
County Denver
Zoning U-SU-B1
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected
Waterfront Description Public
Roof Type Composition
Private Pool No
Building
Lot Description Corner Lot, Near Public Transit
Sewer Public Sewer
Water Public
Architectural Style Traditional
Others
Tax ID 2352-20-001
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed bySynergy Associates Inc
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