EXCELLENT OPPORTUNITY AT BOTH A 6.9 CAP (projected, rents go up in the fall at lease renewal to the 2024 rates) & FUTURE DEVELOPMENT POTENTIAL WITH C-MX-5 ZONING! Duplex property located in Sun Valley Neighborhood, 4 bedrooms per side, rents go up in the fall at lease renewal section 8 4 bedrooms 2024 fair market value is $3, 548 per unit. Property is currently rented with 4-bedroom Section 8 Vouchers, rent payments are guaranteed on the first of the month via direct deposit. Property has been stabilized for 8 years straight and is great for cash flow while future development entitlements are finalized. PLEASE DO NOT BOTHER TENANTS, NO SHOWINGS UNTIL A CONTRACT IS SUBMITTED.
Property Features
Bedrooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Appliances
- Laundry Features: In Unit
Heating and Cooling
- Heating Features: Forced Air, Natural Gas
Interior Features
- Flooring: Carpet, Linoleum, Wood
Garage and Parking
School Information
- Elementary School: Fairview
- Elementary School District: Denver 1
- High School: North
- High School District: Denver 1
- Middle School: Strive Lake
- Middle or Junior School District: Denver 1
Rental Info
Homeowners Association
- Calculated Total Monthly Association Fees: 0
Other Property Info
- Annual Tax Amount: 1889.00
- Source Listing Status: Active
- County: Denver
- Current Use: Live/Work
- Directions: 12th and Federal. From 6th Ave and Federal: South on 6th Ave to W Holden Pl, east 1 block, south to 12th Ave, east to property.
- Tax Year: 2018
- Source Property Type: Residential Income
- Exclusions: Tenant property.
- Source Neighborhood: Sun Valley
- Owner Pays: Electricity, Gas, Water
- Parcel Number: 5054-07-024
- Subdivision: Sun Valley
- Zoning: C-MX-5
- Property Subtype: Duplex
- Source System Name: C2C
Commercial Info
- Operating Expense: 23349.15
- Operating Expense Includes: Fuel, Insurance, Maintenance, Professional Management, Real Estate Tax, Utilities
Building and Construction
- Total Square Feet Living: 2456
- Year Built: 1894
- Above Grade Finished Area: 2456
- Common Walls: 1 Common Wall
- Construction Materials: Brick, Frame, Stucco, Wood Siding
- Levels: One
- Property Age: 130
- Property Attached: Yes
- Roof: Composition
- Structure Type: Duplex
Utilities