Denver, CO 80218,1364 N Franklin St
Denver, CO 80218,1364 N Franklin St
Denver, CO 80218,1364 N Franklin St
Denver, CO 80218,1364 N Franklin St
Denver, CO 80218,1364 N Franklin St
Denver, CO 80218,1364 N Franklin St
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$1,120,000

$1,150,000

2.6%
Est.Price: ?

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Est. payment /mo

7 Beds

4 Baths

3,946 SqFt


SOLD DATE : 11/15/2021

Key Details

Sold Price $1,120,000

Property Type Single Family Home

Sub Type Attached Dwelling

Listing Status Sold

Purchase Type For Sale

Square Footage 3,946 sqft

Subdivision Cheesman Park

MLS Listing ID 6662165

Sold Date 11/15/21

Style Foursquare/Denver Square

Bedrooms 7

HOA Y/N false

Abv Grd Liv Area 3,946

Originating Board REcolorado

Year Built 1900

Annual Tax Amount $4,470

Lot Size 6,098 Sqft

Acres 0.14

Property Description

Amazing location one block from Cheesman Park in the highly desirable East High School district. Gorgeous turn of the century Denver Square converted mansion. You won't want to miss your chance to own a piece of Denver architectural history. Countless period touches like the main staircase, original doorbell, hardwood floors and on and on. Multiple incredible opportunities: 1. Live in one unit (mortgage free) and rent out two as Airbnb or to traditional year-round tenants to pay the mortgage. 2. Great cash flow opportunity as is fully tenant occupied. 3. Easy conversion back to a single family for a flip or to live in and enjoy. Two of the three units have their own laundry setup in the unit. Currently situation is as follows: Unit A $2900 (includes two car garage) pays 55% of utility bills. Lease ends 5/30/22. 4 bed 2 bath (possible $200/mo bump if they add another room mate). Top two floors with the entrance on the front door on the porch. Unit B $1950 (two parking spots) pays 30% of utility bills. Lease ends 6/1/22. 2 bed 1 bath. Main floor with the entrance on the South side of the house. Unit C $950 (one parking spot). Lease is currently month-to-month. 1 bed 1 bath. Basement with the entrance from the back of the house. Rent Total is $5,800 per month. Each unit has private access. Unit B could likely get an additional $100+ more per month on the next lease renewal. This is a fully occupied turnkey investment opportunity. Always easy to rent and low maintenance. Solid long-term investment in a premium location. Tenants in the area love the historical charm of the home and the fantastic location. There is a detached two car garage and three off alley parking spaces in total. Amazing central location on the North side of Cheesman Park with access to all the bars and restaurants on the Colfax corridor, Cheesman Park, Denver Botanic Gardens, City Park, Congress Park, Cherry Creek and Downtown.

Location

State CO

County Denver

Area Metro Denver

Zoning U-RH-3A

Direction From Colorado and Colfax head South to 13th Avenue and make a right headed West. Pass Josephine and York Street. Make a right onto Franklin Street. The property will be on your right hand side with a red yard sign and is the second property South of 14th Avenue.

Rooms

Basement Partial, Structural Floor

Interior

Heating Forced Air

Cooling Room Air Conditioner

Fireplaces Type Single Fireplace

Fireplace true

Appliance Dishwasher, Refrigerator, Washer, Dryer, Disposal

Exterior

Exterior Feature Balcony

Garage Spaces 2.0

Fence Fenced

Utilities Available Electricity Available

Roof Type Composition

Handicap Access Level Lot

Porch Patio, Deck

Building

Lot Description Gutters, Lawn Sprinkler System, Level, Historic District

Faces West

Story 3

Sewer City Sewer, Public Sewer

Water City Water

Level or Stories Three Or More

Structure Type Wood/Frame,Brick/Brick Veneer

New Construction false

Schools

Elementary Schools Dora Moore

Middle Schools Morey

High Schools East

School District Denver 1

Others

Senior Community false

Special Listing Condition Private Owner

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Information and Real Estate Services (IRES)
Listed by 303-985-1901
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(970) 644-5002

wendy@homesmartrp.com

431 Colorado Avenue, Junction, CO, 81501

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