422 Garfield Street

    Denver, CO 80206
    • $1,640,000
    • STATUS: Active
    • ON SITE: 86 days
    • ID#: 7296599
    $1,640,000
    • 7
      BEDS
    • 0.2
      ACRES
    • 4
      BATHS
    • 0
      1/2 BATHS
    • 3,056
      SQFT
    • $537
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1951
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Offered by Liv Sotheby's International Realty.

    Description

    Rare opportunity for residential development in Cherry Creek North. Nestled among $2M+ new construction townhouses and single-family homes, this future development site offers the unique opportunity to generate income while development plans are being made, or to buy and hold for cash flow. Rents are currently below market rate and could easily be increased. Detached alley loading garages. Units have been well maintained and are in good condition. The site is zoned G-RH-3 with view plane easement for future development, call listing agent with questions regarding easement.

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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/98953655

    422 Garfield Street Denver, CO 80206

    • Price: $1,640,000
    • Status: Active
    • ID#: 7296599
    7
    Beds
    4
    Baths
    0
    ½ Baths
    0.2
    Acres
    3,056
    SQFT
    $537
    $/SQFT
    1951
    Built
    Neighborhood:
    Cherry Creek
    County:
    Denver
    Area:
    Denver
    Elementary School:
    Steck
    Middle School:
    Hill
    High School:
    George Washington
    School District:
    Denver 1
    Property Description
    Rare opportunity for residential development in Cherry Creek North. Nestled among $2M+ new construction townhouses and single-family homes, this future development site offers the unique opportunity to generate income while development plans are being made, or to buy and hold for cash flow. Rents are currently below market rate and could easily be increased. Detached alley loading garages. Units have been well maintained and are in good condition. The site is zoned G-RH-3 with view plane easement for future development, call listing agent with questions regarding easement.
    Exterior Features

    Architectural Style Denver Square Construction Materials Brick Construction Methods Brick Exterior Features Covered DeckCovered PatioFenceGarden AreaPatioProfessional LandscapingYard Lot Depth 125.00 Lot Width 70.00 Parking Garage (Detached) (4 Spaces) Parking Total Searchable 4 Road Surface Paved Road Roof Composition Shingles Storage Units Number Of 0 Structural Style Ranch/1 Story Style Characteristics Low Rise (1-3) Unit Access Exterior Access View City View

    Interior Features

    Basement Floor Type Block Wall Basement Size Full Basement Type Garden Level Cooling None Heating Forced Air Heating Fuel Gas Per Unit Features Garage Sq Ft Above 3056 Sq Ft Basement 0 Sq Ft Finished 3056

    Property Features

    Additional Information Income PotentialQuick PossessionTenant Occupied Annual Expense Actual 10000 Annual Expense Proj 10000 Annual Income Actual 67200 Annual Income Proj 57200 Annual Net Income Actual 57200 Annual Net Income Proj 47200 Association Fee Annual 0 Building Area Source County Records Building Type Quadplex (All Units)Low Rise (All Units) Has Hoa YN No Listing Financing CashConventional Number Of Units Furnished 0 Number Of Units Vacant 1 Potential Rental Income Annual 91200 Real Estate Taxes 7552 Seller Type Corporation/Trust Status Conditions None Known Tax Amount 7552.00 Tax Year 2018 Transaction Type For Sale Unit Count 2 Water Annual Expense 2200 Zoning G-Rh-3

    Listing courtesy of Liv Sotheby's International Realty: MLS #7296599


    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 Liv Sotheby's International Realty.