REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Colin Whitenack

[email protected] +1(303) 912-5394

$ 2,350,000

Est. payment -/mo

Save

Price Dropped by $50K

3203 Albion ST Denver, CO 80207

0.43 Acres Lot

UPDATED:

10/18/2024 07:42 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 7444077

Style Traditional

HOA Y/N No

Originating Board recolorado

Year Built 1939

Annual Tax Amount $8,414

Tax Year 2023

Lot Size 0.430 Acres

Acres 0.43

Property Description

100% REMODELED/REBUILT 6 unit Legacy Multi-Fam in Park Hill. Take advantage of this property Being in an Opportunity Zone to avoid Cap Gains in a turn key completely Rehabbed property that will have no maintainance issues for a VERY long time. EVERYTHING has been replaced. HONEST 5.6 Cap Rate includes Operating Expenses, 3% Vacancy AND Management. ALL units are 100% electrified , Natural gas is available but not being used. Completely New Electric wiring and Electric Service, New HVAC in each unit with Central Air, ALL new plumbing supply lines and Drain lines, New Main Sewer Line and New Tap, New Roof on the House, Roof over garage is recent with 5 year cert, All new windows, doors, flooring, kitchen and bath finishes. New Sprinkler System in the front yard. Garage has new man doors and new garage doors with openers. All new fencing on the property. Each unit is set up so that it has its own garage and a fenced in private back yard. The 1 bed units have mulch in the back yard and the 2 larger 3 bed units have larger fenced in back yards with new hydroseed. Currently the property is vacant and the Parcel is in the process of being split but that could be put on hold for the future to keep taxes low. Cap Rate is based on Estimated Rents of $1,850 per 1 bed unit and $3,000 for the 3 bed units. These would be great rentals for CU Med students, young professionals wanted affordable but High End rentals in close proximity to downtown or the east side of town. This property is in an opportunity zone and since it has been completely overhauled it would make a perfect property to 1031 exchange into and avoid massive taxes. See the website here for more info: https://oedit.colorado.gov/colorado-opportunity-zone-program.

Location

State CO

County Denver

Zoning E-SU-DX

Interior

Fireplace N

Exterior

Exterior Feature Dog Run

Garage Asphalt, Exterior Access Door, Lighted

Garage Spaces 6.0

Utilities Available Cable Available, Electricity Connected, Natural Gas Available

Roof Type Architecural Shingle

Parking Type Asphalt, Exterior Access Door, Lighted

Total Parking Spaces 6

Garage No

Building

Lot Description Corner Lot, Irrigated, Landscaped, Near Public Transit, Sprinklers In Front

Sewer Public Sewer

Structure Type Brick

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by Goodhouse Real Estate LLC • 303-506-6786

Colin Whitenack

+1(303) 912-5394

Colin Whitenack

3203 Albion ST Denver, CO 80207

Key Details

Location

Interior

Exterior

Building

Others

GET MORE INFORMATION

Go tour this home

3203 Albion ST