2739 W 12th AVE, Denver, CO 80204 - MLS#5907008 - Joseph Newman

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Joseph Newman

joseph@thecoloradobroker.com +1(720) 841-7010

$900,000

Est. payment - /mo

8 Beds

4 Baths

2,456 SqFt

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UPDATED:

10/10/2024 08:36 PM

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,456 sqft

Price per Sqft $366

Subdivision Sun Valley

MLS Listing ID 5907008

Bedrooms 8

HOA Y/N No

Abv Grd Liv Area 2,456

Originating Board recolorado

Year Built 1894

Annual Tax Amount $1,889

Tax Year 2018

Property Description

EXCELLENT OPPORTUNITY AT BOTH A 6.9 CAP (projected, rents go up in the fall at lease renewal to the 2024 rates) & FUTURE DEVELOPMENT POTENTIAL WITH C-MX-5 ZONING! Duplex property located in Sun Valley Neighborhood, 4 bedrooms per side, rents go up in the fall at lease renewal – section 8 4 bedrooms 2024 fair market value is $3,548 per unit. Property is currently rented with 4-bedroom Section 8 Vouchers, rent payments are guaranteed on the first of the month via direct deposit. Property has been stabilized for 8 years straight and is great for cash flow while future development entitlements are finalized. PLEASE DO NOT BOTHER TENANTS, NO SHOWINGS UNTIL A CONTRACT IS SUBMITTED.

Location

State CO

County Denver

Zoning C-MX-5

Interior

Heating Forced Air, Natural Gas

Cooling None

Flooring Carpet, Linoleum, Wood

Fireplace N

Laundry In Unit

Exterior

Roof Type Composition

Total Parking Spaces 4

Garage No

Building

Sewer Public Sewer

Level or Stories One

Structure Type Brick,Frame,Stucco,Wood Siding

Schools

Elementary Schools Fairview

Middle Schools Strive Lake

High Schools North

School District Denver 1

Others

Senior Community No

Ownership Individual

Acceptable Financing Cash, Conventional, Private Financing Available

Listing Terms Cash, Conventional, Private Financing Available

Special Listing Condition None

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Listed by REDT LLC • nathan@redTHomes.com,720-255-4101

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Joseph Newman

+1(720) 841-7010

The Colorado Broker | License ID: 069025

The Colorado Broker License ID: 069025