UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Coming Soon
Purchase Type For Sale
Square Footage 3,198 sqft
Price per Sqft $328
Subdivision Elmwood Add
MLS Listing ID 2914933
Style Victorian
Bedrooms 6
Full Baths 1
Three Quarter Bath 3
HOA Y/N No
Abv Grd Liv Area 2,037
Year Built 1886
Annual Tax Amount $3,832
Tax Year 2024
Lot Size 3,350 Sqft
Acres 0.08
Property Sub-Type Single Family Residence
Source recolorado
Property Description
Extensive capital improvements completed in 2022 include new outdoor siding and exterior paint, new windows, new vinyl and wood flooring, new carpet in bedrooms, new bathrooms, new stainless steel appliances, new interior paint, new drywall, and sewer replacement in the basement. Additional system upgrades include replaced furnaces and water heaters, providing enhanced efficiency, comfort, and reduced near-term maintenance.
The property features three private-entry units with the following configuration:
• Unit A (Ground Level): 3 bed / 2 bath – Rent $2,150
• Unit B (Second Level): 2 bed / 1 bath – Rent $2,000
• Unit C (Basement Level): 2 bed / 1 bath – Rent $1,700
Financial highlights include gross annual income of $70,200, operating expenses of $11,873, and a 5.03% cap rate, offering immediate cash flow with long-term appreciation potential.
Located minutes from Downtown Denver, the Santa Fe Art District, parks, restaurants, breweries, shopping, and public transit, this walkable location continues to see strong demand from both tenants and homeowners alike.
Whether you are seeking a turnkey investment, planning to house-hack and offset your mortgage, or looking for a centrally located primary residence with income potential, this property delivers exceptional versatility, modern improvements, and long-term value in a rapidly evolving urban corridor.
Location
State CO
County Denver
Zoning U-RH-3A
Rooms
Basement Finished
Main Level Bedrooms 2
Interior
Interior Features Ceiling Fan(s), High Ceilings
Heating Forced Air
Cooling None
Flooring Vinyl
Fireplace N
Appliance Dishwasher, Disposal, Oven, Range, Refrigerator
Laundry In Unit
Exterior
Utilities Available Electricity Connected
Roof Type Composition
Total Parking Spaces 3
Garage No
Building
Lot Description Level
Sewer Public Sewer
Water Public
Level or Stories Three Or More
Structure Type Vinyl Siding,Wood Siding
Schools
Elementary Schools Dora Moore
Middle Schools Kipp Sunshine Peak Academy
High Schools Kipp Denver Collegiate High School
School District Denver 1
Others
Senior Community No
Ownership Individual
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Special Listing Condition None
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
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Rabecca Ranaldi
Broker Associate | License ID: FA 100080855
Broker Associate License ID: FA 100080855