Located in the heart of the Cory - Merrill neighborhood this unique mid-century modern 5 unit apartment building offers a great unit mix of oversized 2 bedrooms, one 3 bedroom/ 2 bath and one 1 bedroom units. All of the units have been updated with many of them having washer… Read More dryers in the units as well as air conditioning. Each unit is separately metered for gas and electric with the building have updated electric panels and mechanical systems. The property has a lot of rental upside as many of the units are under market and there can be about $1,000+ added in monthly income. The property has a private community garden for the tenants to enjoy as well as private off street covered parking space. Each unit has a front and rear entrance making it very private. The property is located near Washington Park, Denver university and just a short drive from the Denver Tech Center and Downtown Denver making it very centrally located. Read Less
Architectural Style: Mid-Century Modern, Construction Materials: Concrete, Effective Year Built: 2026, Occupant Type: Tenant, Structure Type: Low Rise (1-3), Total Area: 4700, Unit Count: 5, Unit Types: "Array", "Array", "Array", "Array", "Array", Built in 1955, 5 total units
Disclosures
Exclusions: Tenants personal property.
Expenses
Operating Expense: $30,000
Exterior Features
Features: "Balcony", "Garden"
Home Owner's Association
Association Fee Total Annual: $0, Association Fee Annual: 0.00, Association Fee 2 Annual Expense: 0.00, Association Fee 3 Annual Expense: 0.00
Income
Gross Income: $93,240, Projected Annual Net Income: $82,000
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