1101 N Emerson Street

    Denver, CO 80218
    • $1,325,000
    • STATUS: Under Contract
    • ON SITE: 191 days
    • ID#: 3497830
    Under Contract
    $1,325,000
    • 8
      BEDS
    • 0.11
      ACRES
    • 5
      BATHS
    • 0
      1/2 BATHS
    • 4,400
      SQFT
    • $301
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1894
    County:
    Area:

    School Ratings & Info

    School District:
    Offered by Marcus & Millichap Inc.

    Description

    This is a perfect owner occupied, Airbnb, and investment property in the heart of Cheesman Park! WITH UPDATED NUMBERS THIS PROEPRTY IS CURRENTLY A 6.72% CAP RATE. This property has a total of 4 units: three large 1/1 bath units and one two-story 5/2 bath unit that is over 2,000 SF. The units include exposed brick walls, plentiful natural light, tall ceilings, original hardwood floors, original wood work, patios, decks, and incredible historical charm. The property has a newer roof, newer furnace, copper plumbing, and mostly newer windows. It currently collects $7,600/month in rental income with very minimal expenses. Lastly, the property includes a shared yard and five off-street parking spaces. The location of this property is irreplaceable as it is only a few blocks from Cheesman Park and is surrounded by bars, nightlife, restaurants, and shopping in the Capitol Hill neighborhood. Please do not disturb tenants and contact listing broker for showing.

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    Licensed in the State of Colorado, USA

    The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (IDX) program of METROLIST, INC., DBA RECOLORADO®. Real estate listings held by brokers other than The DeGrood Team | Brokers Guild are marked with the IDX Logo. This information is being provided for the consumers’ personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

    1. This publication is designed to provide information regarding the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

    2. The information contained in this publication is subject to change without notice. METROLIST, INC., DBA RECOLORADO MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC., DBA RECOLORADO SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

    3. PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.

    4. METROLIST, INC., DBA RECOLORADO will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.

    5. ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. The information contained herein including but not limited to all text, photographs, digital images, virtual tours, may be seeded and monitored for protection and tracking.

    © 2019 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved 6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA

    www.degroodteam.com/homes/92561348

    1101 N Emerson Street Denver, CO 80218

    • Price: $1,325,000
    • Status: Under Contract
    • ID#: 3497830
    8
    Beds
    5
    Baths
    0
    ½ Baths
    0.11
    Acres
    4,400
    SQFT
    $301
    $/SQFT
    1894
    Built
    Neighborhood:
    Capitol Hill
    County:
    Denver
    Area:
    Denver
    School District:
    Denver 1
    Property Description
    This is a perfect owner occupied, Airbnb, and investment property in the heart of Cheesman Park! WITH UPDATED NUMBERS THIS PROEPRTY IS CURRENTLY A 6.72% CAP RATE. This property has a total of 4 units: three large 1/1 bath units and one two-story 5/2 bath unit that is over 2,000 SF. The units include exposed brick walls, plentiful natural light, tall ceilings, original hardwood floors, original wood work, patios, decks, and incredible historical charm. The property has a newer roof, newer furnace, copper plumbing, and mostly newer windows. It currently collects $7,600/month in rental income with very minimal expenses. Lastly, the property includes a shared yard and five off-street parking spaces. The location of this property is irreplaceable as it is only a few blocks from Cheesman Park and is surrounded by bars, nightlife, restaurants, and shopping in the Capitol Hill neighborhood. Please do not disturb tenants and contact listing broker for showing.
    Exterior Features

    Construction Materials Brick Construction Methods Brick Exterior Features Front PorchGarden AreaPatioYard Parking Off-Street (5 Spaces) Parking Total Searchable 5 Road Surface Paved Road Roof Composition Shingles Site Features Corner Lot View City View

    Interior Features

    Basement Size Full Cooling Air Conditioning-Central Heating Forced Air Heating Fuel Gas Sq Ft Above 3002 Sq Ft Basement 1398 Sq Ft Finished 4400

    Property Features

    Annual Expense Actual 22156 Annual Expense Proj 18615 Annual Income Actual 93000 Annual Income Proj 99498 Annual Net Income Actual 70844 Annual Net Income Proj 80883 Building Type Quadplex (All Units) Capitalization Rate 4.86 Contingent Approval Conditions None Known Has Hoa YN No Listing Financing CashConventionalExchangeOtherPrivate Financing Owner Paid Utilities ElectricityGasTrashWater Potential Rental Income Annual 99498 Seller Type Individual Status Conditions None Known Tax Amount 4699.00 Tax Year 2018 Transaction Type For Sale Unit Count 2 Zoning G-Rh-3

    Listing courtesy of Marcus & Millichap Inc: MLS #3497830


    Licensed in the State of Colorado, USA

    The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (IDX) program of METROLIST, INC., DBA RECOLORADO®. Real estate listings held by brokers other than The DeGrood Team | Brokers Guild are marked with the IDX Logo. This information is being provided for the consumers’ personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

    1. This publication is designed to provide information regarding the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

    2. The information contained in this publication is subject to change without notice. METROLIST, INC., DBA RECOLORADO MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC., DBA RECOLORADO SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

    3. PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.

    4. METROLIST, INC., DBA RECOLORADO will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.

    5. ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. The information contained herein including but not limited to all text, photographs, digital images, virtual tours, may be seeded and monitored for protection and tracking.

    © 2019 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved 6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA

     
    The DeGrood Team | Brokers Guild
    7995 E Hampden Ave, Suite 100
    Denver CO, 80231
    Offered by Marcus & Millichap Inc.