1571 Race Street

    Denver, CO 80206
    • $812,500
    • STATUS: Sold
    • ON SITE: 125 days
    • ID#: 4950711
    Sold - 08/19/2019
    $812,500
    SOLD - 08/19/2019
    • 3
      BEDS
    • 0.15
      ACRES
    • 3
      BATHS
    • 0
      1/2 BATHS
    • 3,109
      SQFT
    • $261
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1908
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Offered by Cjv Real Estate.

    Description

    Amazing City Park West Denver Victorian home impeccably maintained with historic wood work, fireplaces and charm on a great block, hugging both Colfax & 17th Ave Restaurant Row. Huge 6,661 sq.ft. G-RO-3 Zoned Lot with huge income potential. 7 marked user-friendly Race Street private fenced and driveway accessed PARKING behind the building. Main floor has 2 spacious offices with 'dining' area & front room that could serve as reception/waiting area or simply another office plus XL copier/storage room. Upstairs has 4 offices, one with an enclosed sunroom. Finished basement has 1000 sq ft. finished usable space with private SIDE entrance that could be leased as hourly/daily conference space or could be a separate tenant all together for higher income potential. Every floor is served with a bathroom. Currently owner uses entire main floor so there is immense potential to increase income. Projected cap rate as an investment owner is 7%. This special and unique property is a rare find!

    Monthly Payment Calculator



    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/95914761

    1571 Race Street Denver, CO 80206

    • Price: $800,000
    • Status: Sold
    • ID#: 4950711
    3
    Beds
    3
    Baths
    0
    ½ Baths
    0.15
    Acres
    3,109
    SQFT
    $261
    $/SQFT
    1908
    Built
    Neighborhood:
    City Park West
    County:
    Denver
    Area:
    Denver
    Elementary School:
    Cole Arts And Science Academy
    Middle School:
    Wyatt
    High School:
    East
    School District:
    Denver 1
    Property Description
    Amazing City Park West Denver Victorian home impeccably maintained with historic wood work, fireplaces and charm on a great block, hugging both Colfax & 17th Ave Restaurant Row. Huge 6,661 sq.ft. G-RO-3 Zoned Lot with huge income potential. 7 marked user-friendly Race Street private fenced and driveway accessed PARKING behind the building. Main floor has 2 spacious offices with 'dining' area & front room that could serve as reception/waiting area or simply another office plus XL copier/storage room. Upstairs has 4 offices, one with an enclosed sunroom. Finished basement has 1000 sq ft. finished usable space with private SIDE entrance that could be leased as hourly/daily conference space or could be a separate tenant all together for higher income potential. Every floor is served with a bathroom. Currently owner uses entire main floor so there is immense potential to increase income. Projected cap rate as an investment owner is 7%. This special and unique property is a rare find!
    Exterior Features

    Architectural Style Victorian Construction Materials BrickWood Siding Construction Methods Brick Distance To Bus 1.00 Exterior Features Covered PatioDeck Parking Parking Lot (7 Spaces) Parking Features Driveway-Asphalt Parking Total Searchable 7 Road Surface Paved Road Roof Built-Up(Tar & Gravel)Composition Shingles Storage Units Number Of 2 Structural Style Multi-Story Style Characteristics Low Rise (1-3) Unit Access CorridorExterior AccessGarden Level

    Interior Features

    Basement Finished YN Yes Basement Percent Finished 95 Basement Size Full Basement Type Standard Cooling Evaporative Cooler (Swamp) Flooring CarpetWood Heating Hot WaterRadiant Heating Fuel GasHot Water Interior Features Built-InsCable AvailableExterior Basement EntranceHeated BasementInterior Basement EntranceSmoke Free Kitchen Appliances DishwasherRefrigerator (Kitchen)Smoke Alarm Laundry Availability None Per Unit Features Assigned ParkingIndividual Basement Sq Ft Above 2110 Sq Ft Basement 999 Sq Ft Finished 3109

    Property Features

    Additional Information Income History AvailableIncome PotentialTenant Occupied Annual Expense Actual 34000 Annual Expense Proj 34000 Annual Income Actual 38000 Annual Income Proj 38000 Annual Net Income Actual 4000 Annual Net Income Proj 4000 Building Area Source County Records Building Type 5+ Plex (All Units)Low Rise (All Units) Business Type Business/Professional Services Contingent Approval Conditions None Known Features Individual Basement Has Hoa YN No Listing Financing CashConventional Number Of Units Furnished 3 Number Of Units Vacant 1 Owner Paid Utilities ElectricityGasInsuranceInternetLawn ServiceMaintenancePhoneProperty TaxTrashWater Potential Rental Income Annual 90000 Real Estate Taxes 15350 Reports Available Lead Based PaintLeasesP And L AvailableRental Average Seller Type Individual Status Conditions None Known Tax Amount 15542.00 Tax Year 2018 Transaction Type For Sale Unit Count 7 Water Annual Expense 600 Zoning G-Ro-3

    Listing courtesy of Cjv Real Estate: MLS #4950711


    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 Cjv Real Estate.