Description
Amazing location in the heart of central Denver in Cap Hill. Vacant lot between this property and Colfax is slated for an A grade residential complex with commercial on the ground floor. An example can be seen just to the East of the vacant lot on Colfax which improves the neighborhood. This fully rented 4 unit property has had major updates performed by the current owners in the past 2+ years including: cast iron and galvanized plumbing line replacement with ABS piping and PEX tubing (over 50%), two new mini-split systems installed in the upper unit for heat and A/C, new laminate flooring in unit 2 replacing carpet and tile, new wrought iron fence w/ gate, new fences with gates and digital keypad access, repairs to back wall, exterior motion lights installed, new exterior paint including all soffits, fascia, doors, trim, and backyard walls. Laundry and storage in the basement for all units. Built in 1904, this property fits into a desirable class of property that combines the beauty of days gone by and modern efficiency and convenience. Owners have spent $50k on architectural work/renderings and initial permitting for an ADU built where the existing garage is. The garage has not been rented to accommodate the work so an additional $3,600 can be added to income values.
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6BEDS
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0.1ACRES
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0BATHS
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01/2 BATHS
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3,743SQFT
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$361$/SQFT
School Information
Offered by Mapleton Management inc..Description
Amazing location in the heart of central Denver in Cap Hill. Vacant lot between this property and Colfax is slated for an A grade residential complex with commercial on the ground floor. An example can be seen just to the East of the vacant lot on Colfax which improves the neighborhood. This fully rented 4 unit property has had major updates performed by the current owners in the past 2+ years including: cast iron and galvanized plumbing line replacement with ABS piping and PEX tubing (over 50%), two new mini-split systems installed in the upper unit for heat and A/C, new laminate flooring in unit 2 replacing carpet and tile, new wrought iron fence w/ gate, new fences with gates and digital keypad access, repairs to back wall, exterior motion lights installed, new exterior paint including all soffits, fascia, doors, trim, and backyard walls. Laundry and storage in the basement for all units. Built in 1904, this property fits into a desirable class of property that combines the beauty of days gone by and modern efficiency and convenience. Owners have spent $50k on architectural work/renderings and initial permitting for an ADU built where the existing garage is. The garage has not been rented to accommodate the work so an additional $3,600 can be added to income values.
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