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2903 E 14th Avenue

Denver, CO 80206
  • $2,050,000
  • STATUS: Active
  • ON SITE: 76 Days
  • ID#: 8912719
UPDATED: 47 min ago
$2,050,000
  • 0
    BEDS
  • 0.1
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,712
    SQFT
  • $305
    $/SQFT
Type:
Multi-Family
Built:
1908
County:
Area:

School Ratings & Info

REcolorado logo Offered by West Rock Realty, Llc.

Description

Beautiful brick 6-plex in a prime location between Congress Park and City Park, 100% occupied at a 5.1% cap rate with upside. This unique floor plan has 3 large townhouse style units (two 3 bedroom units, one 4 bedroom unit) and an additional three 1 bedroom units. The property has a proven value add strategy of converting 3 bedroom units to 4 bedroom units and in the past two years one of the six units had a full remodel and two units had lighter remodels leaving plenty of room for future upside. Other recent improvements are: 3 new furnaces in 2022 and new paint on exterior trim, fascia, window trim, soffit, entry stone. Clean building, great location and simple ways to increase revenue with both under markets in place rents and rehab opportunities. Please email listing agent to request an Offer Memorandum. Buyers to submit POF for down payment prior to scheduling showings to limit intrusion on our tenants.

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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 | Compass 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.

REcolorado logo © 2022 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved 6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA

www.degroodteam.com/homes/129335893
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2903 E 14th Avenue Denver, CO 80206

  • Price: $2,050,000
  • Status: Active
  • On Site: 76 Days
  • Updated: 47 min ago
  • ID#: 8912719
0
Beds
0
Baths
0
½ Baths
0.1
Acres
6,712
SQFT
$305
$/SQFT
1908
Built
County:
Denver
Area:
Denver
Property Description
Beautiful brick 6-plex in a prime location between Congress Park and City Park, 100% occupied at a 5.1% cap rate with upside. This unique floor plan has 3 large townhouse style units (two 3 bedroom units, one 4 bedroom unit) and an additional three 1 bedroom units. The property has a proven value add strategy of converting 3 bedroom units to 4 bedroom units and in the past two years one of the six units had a full remodel and two units had lighter remodels leaving plenty of room for future upside. Other recent improvements are: 3 new furnaces in 2022 and new paint on exterior trim, fascia, window trim, soffit, entry stone. Clean building, great location and simple ways to increase revenue with both under markets in place rents and rehab opportunities. Please email listing agent to request an Offer Memorandum. Buyers to submit POF for down payment prior to scheduling showings to limit intrusion on our tenants.
Exterior Features

Architectural Style Square DesignLow Rise Attached Garage YN No Carport Spaces 0 Carport YN No Covered Spaces 0 Exterior Features BalconyGarden Garage YN No Lot Features Corner Lot Lot Size Area 0.1 Lot Size Square Feet 4470 Parking Features Concrete Parking Total 3 Patio And Porch Features Balcony Road Frontage Type Public Road Road Surface Type Alley PavedPaved Roof ArchitecturalShingle Structure Type Low Rise

Interior Features

Levels Two

Property Features

Construction Materials Brick Listing Terms CashConventional Possession Closing Property Sub Type Multi Family Sewer Public Sewer Tax Annual Amount 7769 Tax Year 2021 Utilities Cable AvailableElectricity ConnectedNatural Gas ConnectedSewer Connected Water Source Agriculture/Ditch WaterPublic Zoning U-Rh-3A

REcolorado logo Listing courtesy of West Rock Realty, Llc:303-808-2217. MLS #8912719


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 | Compass 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.

REcolorado logo © 2022 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 | Compass
4643 S Ulster St, Suite 500
Denver CO, 80237
REcolorado logo Offered by West Rock Realty, Llc.