CO > Denver
Denver, CO 80206,1340 N Race ST
Denver, CO 80206,1340 N Race ST
Denver, CO 80206,1340 N Race ST
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Lelia Barnes

Lelia Barnes

+1(720) 461-5765
$1,300,000
Est. payment /mo
6,250 Sqft Lot
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UPDATED:

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 8805089

HOA Y/N No

Year Built 1898

Annual Tax Amount $6,655

Tax Year 2024

Lot Size 6,250 Sqft

Acres 0.14

Property Sub-Type Multi Family

Source recolorado

Property Description

Incredible opportunity to own a classic Denver building blocks from Cheesman Park. Built in 1898 this single family home was converted to a six unit apartment building. Beautiful wood finishes in the halls. Main floor has a large one bedroom on south side with wood burning fireplace (currently not in working order). Second main floor unit is a north-side studio with large kitchen and bath. Second flor has two studios on east and west sides of building. Top floor has a remodeled one bedroom with fire escape off back of home and an updated studio. Bonus 7th unit in basement needs a lot of work and escapable window added but would be a nice addition. This property has great potential for growth, rents kept low to retain good, current tenants. Current figures used for cap rate affected by remodeling of one unit which was vacant most of 2024 and problematic eviction which has been completed.

Location

State CO

County Denver

Zoning G-MU-3

Interior

Fireplace N

Exterior

Parking Features Asphalt

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected

Roof Type Composition

Total Parking Spaces 7

Garage No

Building

Lot Description Near Public Transit

Sewer Community Sewer

Water Public

Structure Type Brick

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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REColorado (REColorado MLS)
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed by Ann Lampert Realty

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agent

Lelia Barnes

+1(720) 461-5765

Broker | License ID: 100072567

Broker License ID: 100072567

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