$1,299,000
$200K PRICE DROP

Estimated payment $7,768/month

Total Views 7,591
4 Beds
4 Baths
3,900 Sq Ft
$333 Price per Sq Ft

Highlights

  • City View
  • 1-minute walk to 27Th-Welton
  • Victorian Architecture
  • East High School Rated A
  • Wood Flooring
  • 3-minute walk to Lenore B. Quick Park

About This Home

Incredible redevelopment /investment opportunity to own this charming duplex on the bustling Welton Corridor. Mixed Use Commercial/Residential with current zoning CMX-5. Restaurants and light rail stop directly across the street. 6 Blocks to Downtown. 6 Blocks to Larimer Street. Both units currently rented through June 30th 2025 (downstairs unit) and August 19th 2024 (upstairs unit).

Listing Agent

Brady Keenan

Compass - Boulder

Compass - Boulder

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,204

Year Built

  • Built in 1893

Lot Details

  • 3,156 Sq Ft Lot
  • East Facing Home
  • Corner Lot

Parking

  • Alley Access

Home Design

  • Victorian Architecture
  • Brick Veneer
  • Composition Roof

Interior Spaces

  • 3,900 Sq Ft Home
  • 2-Story Property
  • Gas Fireplace
  • Wood Flooring
  • City Views
  • Unfinished Basement
  • Partial Basement

Kitchen

  • Gas Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Balcony
  • Enclosed patio or porch
  • Exterior Lighting

Schools

  • Gilpin Elementary School
  • Manual High School

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 227628053

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Five Points Subdivision

Building Details

  • Gross Income $70,800
  • Net Operating Income $49,096

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,204

Year Built

Built in 1893

Lot Details

0

Listing Details

  • Year Built: 1893
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.07
  • Road Frontage Type: City Street
  • Road Surface Type: Paved, Asphalt
  • Subdivision Name: Five Points
  • Directions: SW Corner of 28th and Welton Street
  • Architectural Style: Victorian
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Special Features: None
  • Stories: 2

Interior Features

  • Possible Use: Single Family, Multi-Family, Commercial or Industrial
  • Private Spa: No
  • Appliances: 2 or more H20 Heaters, Electric Range/Oven, Gas Range/Oven, Dishwasher, Refrigerator, Washer, Dryer
  • Has Basement: Partial, Unfinished
  • Total Bedrooms: 4
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Flooring: Wood Floors
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition
  • Lot Features: Curbs, Gutters, Sidewalks, Corner Lot
  • View: City
  • Waterfront: No
  • Construction Type: Brick/Brick Veneer
  • Direction Faces: East
  • Exterior Features: Lighting, Balcony
  • Patio And Porch Features: Enclosed
  • Property Condition: Not New, Previously Owned

Garage/Parking

  • Parking Features: Alley Access

Utilities

  • Cooling: Central Air
  • Electric: Electric, Xcel Energy
  • Heating: Forced Air, 2 or more Heat Sources
  • Utilities: Natural Gas Available, Electricity Available
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: City Sewer
  • Water Source: City Water, Denver Water
  • Gas Company: Natural Gas, Xcel Energy

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: Gilpin
  • HighSchool: Manual
  • Junior High Dist: Denver District 1
  • Middle Or Junior School: Other

Lot Info

  • Zoning: C-MX-5
  • Lot Size Sq Ft: 3156
  • Parcel #: 227628053
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Deposit, Gas, Electricity, Trash Collection

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 6204

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 70800
  • Income Includes: ["Lease/Rents"]
  • Annual Operating Expense: 21704

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $6,342 $80,070 $25,920 $54,150
2023 $6,204 $80,070 $25,920 $54,150
2022 $6,486 $81,560 $23,030 $58,530
2021 $6,262 $83,920 $23,700 $60,220
2020 $5,733 $77,270 $19,180 $58,090
2019 $5,572 $77,270 $19,180 $58,090
2018 $3,830 $49,500 $11,360 $38,140
2017 $3,818 $49,500 $11,360 $38,140
2016 $3,306 $40,540 $10,046 $30,494
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/16/2024 10/16/24 Price Changed $1,299,000 -13.3% $333 / Sq Ft
07/09/2024 07/09/24 For Sale $1,499,000 -- $384 / Sq Ft
Source: IRES MLS

Deed History

Date Type Sale Price Title Company
Warranty Deed $1,050,000 First Integrity Title
Special Warranty Deed $201,000 Chicago Title Co
Trustee Deed -- None Available
Interfamily Deed Transfer -- Vanguard
Personal Reps Deed $238,500 --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- North American Title
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $735,000 Commercial
Previous Owner $195,000 Unknown
Previous Owner $500,000 Credit Line Revolving
Previous Owner $210,000 Unknown
Previous Owner $210,000 Purchase Money Mortgage
Previous Owner $40,000 Credit Line Revolving
Previous Owner $300,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $75,000 Unknown
Previous Owner $238,500 Purchase Money Mortgage
Previous Owner $9,924 Unknown
Previous Owner $115,000 Unknown
Previous Owner $80,400 Unknown
Source: Public Records

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Source: IRES MLS

MLS Number: 1014065

IRES MLS

APN: 2276-28-053