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    1245 Clayton Street

    Denver, CO 80206
    • $1,350,000
    • STATUS: Closed
    • ON SITE: 56 days
    • ID#: 4881209
    Sold - 11/16/2020
    $1,350,000
    SOLD - 11/16/2020
    • 7
      BEDS
    • 0.14
      ACRES
    • 6
      BATHS
    • 0
      1/2 BATHS
    • 4,666
      SQFT
    • $289
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1898
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Offered by Homesmart.

    Description

    Beautiful Congress Park home in the heart of Denver, available for residential investment property or live in this amazing Denver Square home, built in 1898 and earn income as you enjoy your new home. The home is currently a quadreplex with add'l. studio in bsmt. Rentals includes a 3 bdrm, 2 bath apt, a 2 brdm, 1 bath 2nd floor apt, a 3rd floor, 1 bdrm, 1 bath apt, a 1 bdrm, 1 bath basement apt and one studio, with a murphy bed space & small office. There are a total of 5 kitchens & 6 bathrooms. The home is nicely updated and could easily be converted to a single family home. (Move 2 walls!) Enjoy all the ambiance of wood trim, decorative fireplaces, wood flooring, updated kitchens and a cute courtyard/ backyard with bbq. All apt. are updated and have large windows for great light. There are 2, double car garages, an addl parking space and a small shed for storage. There is also a carriage house above the garage which could be converted to another residential unit. Looking for an opportunity in Denver, this is it. Call for details or showings. INVESTMENT SUMMARY: Price: $1,575,000 Price/Unit $315000 Price/Sq Ft $337 Pro Forma Cap Rate 4.8% CASH FLOW INDICATORS Net Operating Income $72800 Addl Potential Income $9600 Expenses $16000 Future Cap Rate 5.17%

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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.

    © 2020 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved 6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA

    www.degroodteam.com/homes/110836898
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    1245 Clayton Street Denver, CO 80206

    • Price: $1,490,000
    • Status: Closed
    • ID#: 4881209
    7
    Beds
    6
    Baths
    0
    ½ Baths
    0.14
    Acres
    4,666
    SQFT
    $289
    $/SQFT
    1898
    Built
    Neighborhood:
    Congess Park
    County:
    Denver
    Area:
    Denver
    Elementary School:
    Teller
    Middle School:
    Morey
    High School:
    East
    School District:
    Denver 1
    Property Description
    Beautiful Congress Park home in the heart of Denver, available for residential investment property or live in this amazing Denver Square home, built in 1898 and earn income as you enjoy your new home. The home is currently a quadreplex with add'l. studio in bsmt. Rentals includes a 3 bdrm, 2 bath apt, a 2 brdm, 1 bath 2nd floor apt, a 3rd floor, 1 bdrm, 1 bath apt, a 1 bdrm, 1 bath basement apt and one studio, with a murphy bed space & small office. There are a total of 5 kitchens & 6 bathrooms. The home is nicely updated and could easily be converted to a single family home. (Move 2 walls!) Enjoy all the ambiance of wood trim, decorative fireplaces, wood flooring, updated kitchens and a cute courtyard/ backyard with bbq. All apt. are updated and have large windows for great light. There are 2, double car garages, an addl parking space and a small shed for storage. There is also a carriage house above the garage which could be converted to another residential unit. Looking for an opportunity in Denver, this is it. Call for details or showings. INVESTMENT SUMMARY: Price: $1,575,000 Price/Unit $315000 Price/Sq Ft $337 Pro Forma Cap Rate 4.8% CASH FLOW INDICATORS Net Operating Income $72800 Addl Potential Income $9600 Expenses $16000 Future Cap Rate 5.17%
    Exterior Features

    Attached Garage YN No Carport Spaces 0 Carport YN No Covered Spaces 0 Exterior Features BalconyBarbecueGardenRain Gutters Fencing Partial Garage YN Yes Lot Features Sprinklers In FrontLevel Lot Size Square Feet 6245 Parking Total 5 Patio And Porch Features CoveredFront PorchPatioBalcony Roof Composition Structure Type Quadruplex View City View YN Yes

    Interior Features

    Appliances DishwasherDisposalMicrowaveRange Basement Full Basement YN Yes Below Grade Finished Area 1092 Cooling None Entry Level 1 Entry Location Exterior Access Fireplace Features Living Room Fireplace YN Yes Fireplaces Total 2 Flooring Wood Heating Radiant Heating YN Yes Interior Features Eat-In KitchenHigh CeilingsLaminate Counters Laundry Features Common AreaIn Basement Levels Three Or More Living Area Sq Ft 4666

    Property Features

    Above Grade Finished Area 3574 Association YN No Building Area Source Public Records Buyer Financing Cash Common Walls 1 Common Wall Construction Materials Brick Contingency None Known Electric 110 Volts220 Volts Exclusions Tenants Personal Property Home Warranty YN No Listing Terms CashConventional1031 Exchange Ownership Estate Possession Subject To Tenant Rights Property Condition Updated/Remodeled Property Sub Type Quadruplex Security Features Carbon Monoxide Detector(S)Smoke Detector(S) Sewer Public Sewer Special Listing Conditions None Tax Annual Amount 6268 Tax Year 2019 Utilities Cable AvailableElectricity ConnectedNatural Gas ConnectedHigh Speed Internet AvailablePhone Connected Water Source Public Zoning U-Rh-3A

    Listing courtesy of Homesmart: MLS #4881209


    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.

    © 2020 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved 6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA

     
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    The DeGrood Team | Brokers Guild
    7995 E Hampden Ave, Suite 100
    Denver CO, 80231
    Offered by Homesmart.