$796,500
$750,000
6.2%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
2 Baths
1,784 SqFt
SOLD DATE : 03/28/2023
Key Details
Sold Price $796,500
Property Type Single Family Home
Sub Type Attached Dwelling
Listing Status Sold
Purchase Type For Sale
Square Footage 1,784 sqft
Subdivision Evanston
MLS Listing ID 3277484
Sold Date 03/28/23
Style Contemporary/Modern,Ranch
Bedrooms 4
HOA Y/N false
Abv Grd Liv Area 1,884
Originating Board REcolorado
Year Built 1953
Annual Tax Amount $3,074
Lot Size 6,098 Sqft
Acres 0.14
Property Description
Splendid over/under fully leased brick duplex located on the corner of the 2400 block of South Gilpin St. The strategic location of this property allows it to pull its tenant base from Centura Porter Adventist Hospital, the University of Denver, and people who either work in downtown Denver or the Denver Tech Center. Additionally, it is steps away from the Harvard Gulch pedestrian Trail allowing easy access to Downing St amenities such as Harvard Gulch mini park, DoBoer Park, Denver Beer CO, Little India, Lil Coffee Shop, Right Cream Ice Cream, and a Conoco gas station. The property is fully leased. The upper unit is paying $1900 + 50% G&E with a lease expiring May 31, 2023. The lower unit tenant is paying $1600 +50% G&E on a MTM basis and will be vacating at the end of April which gives the future owner immediate access to markets rents. The upper unit market rent equates to approximately $2300/mo and The Garden Level unit market rent should be approximately $1800/mo. This property will have very little down time between tenants and the previous owner had the upper unit pre-leased during the acquisition. Recent upgrades include: New HVAC unit installed June 2021. New Garden Level unit shower by Bathfitter installed February 2023. New Baseboard heater in living room of garden level unit installed 2022. New tiling in the kitchen of the upper unit and the bathroom of the lower unit installed June 2021. New Furnace installed March 2022. New Carpet & paint in the upper unit installed June 2021. New Egress Windows in lower unit bedrooms installed June 2021.
Location
State CO
County Denver
Area Metro Denver
Zoning E-TU-C
Direction Lockbox is located on front door railing
Interior
Interior Features Eat-in Kitchen, Pantry
Heating Forced Air, Baseboard
Cooling Central Air, Ceiling Fan(s)
Fireplaces Type None
Fireplace false
Appliance Refrigerator, Washer, Dryer, Disposal
Exterior
Garage Spaces 2.0
Fence Partial
Utilities Available Electricity Available, Cable Available
Roof Type Fiberglass
Handicap Access Level Lot
Porch Patio
Building
Lot Description Gutters, Lawn Sprinkler System, Corner Lot, Level
Story 1
Sewer City Sewer, Public Sewer
Water City Water
Level or Stories One
Structure Type Brick/Brick Veneer,Concrete
New Construction false
Schools
Elementary Schools Asbury
Middle Schools Grant
High Schools South
School District Denver 1
Others
Senior Community false
SqFt Source Assessor
Special Listing Condition Other Owner
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