$625,000
SOLD OCT 2, 2024
10 Beds
4 Baths
3,134 Sq Ft
6,003 Sq Ft Lot

Recently Sold

$199 Per Sq Ft

16% Below List Price

30 Days on Market

Highlights

  • No HOA
  • Forced Air Heating System
  • Vinyl Flooring
  • 1-Story Property
  • Level Lot

About This Home

As of October 2024

Price reduced bringing this to an 8.6% cap rate with the ability to achieve over a 9% cap rate! Discover a fantastic investment opportunity located in the heart of Denver. This property is a side by side duplex with two 5 bedroom, 2 bath units!

**Key Features:**

- **Updated Interiors:** Both units boast modern white shaker cabinets, enhancing the contemporary appeal of the spaces.

- **Off-Street Parking:** Enjoy the convenience of dedicated off-street parking at the rear of the property.

- **Strong Financials:** Benefit from a sound investment with strong financial metrics.

- **Separate Utilities:** Each unit is separately metered for gas and electric, offering tenants autonomy and simplifying management.

- **Spacious Living:** With a total of 3134 square feet, there’s plenty of room for comfortable living.

Also available for sale is the duplex located across the alley at 4660 Vine St. Can be purchased together or separately.

Last Agent to Sell the Property

Brad Uhlig

West Peak Properties Brokerage Email: brad@westpeakproperties.com,720-989-7727 License #100003098

Last Buyer's Agent

Allen Walsh

Real Broker, LLC DBA Real License #100044865

Real Broker, LLC DBA Real

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,933

Year Built

  • Built in 2000

Lot Details

  • 6,003 Sq Ft Lot
  • Level Lot

Parking

  • 4 Parking Spaces

Home Design

  • Duplex
  • Frame Construction
  • Composition Roof

Interior Spaces

  • 1-Story Property
  • Vinyl Flooring
  • Laundry in unit
  • Finished Basement

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 4 Bathrooms

Schools

  • Swansea Elementary School
  • Bruce Randolph Middle School
  • Manual High School

Utilities

  • No Cooling
  • Forced Air Heating System

Community Details

  • No Home Owners Association
  • Swansea Subdivision

Listing and Financial Details

  • Tenant pays for electricity, gas, telephone, trash collection
  • The owner pays for water
  • Assessor Parcel Number 2231-16-026

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,933

Year Built

Built in 2000

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Structure Type: Duplex
  • Levels: One
  • Year Built: 2000
  • Above Grade Finished Sq Ft: 1567
  • Exclusions: n/a
  • Living Area: 3134
  • SubdivisionName: Swansea
  • Ownership: Individual
  • Property Attached Yn: No
  • ResoBuildingAreaSource: PublicRecords
  • REC_BelowGradeUnfinishedArea: 0.00
  • REC_RVSpaces: 0
  • Ratio Close Price By Original Li: 0.83893
  • Attribution Contact: brad@westpeakproperties.com,720-989-7727
  • Special Features: None

Interior Features

  • Flooring: Vinyl
  • Basement: Finished
  • Basement: Yes
  • Total Bedrooms: 10
  • Below Grade Sq Ft: 1567

Exterior Features

  • Roof: Composition
  • Construction Materials: Frame

Garage/Parking

  • Attached Garage: No
  • Total Parking Spaces: 4
  • REC_ParkingCount: 1

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Heating: Forced Air
  • Water Source: Public
  • Laundry Features: In Unit

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Association/Amenities

  • REC_AssociationFee2Annual: 0.00
  • REC_AssociationFee3Annual: 0.00
  • REC_AssociationFeeAnnual: 0.00
  • REC_AssociationFeeTotalAnnual: 0.00

Schools

  • Middle Or Junior School: Bruce Randolph

Lot Info

  • Parcel Number: 2231-16-026
  • Lot Size Acres: 0.14
  • Building Area Total: 3134
  • Lot Features: Level
  • Lot Size Sq Ft: 6003
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Owner Pays: Water
  • Tenant Pays: Electricity, Gas, Telephone, Trash Collection

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 1933

MLS Schools

  • Elementary School: Swansea
  • High School: Manual

Map

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/02/2024 10/02/24 Sold $625,000 -3.8% $199 / Sq Ft
09/07/2024 09/07/24 Price Changed $650,000 -6.5% $207 / Sq Ft
08/31/2024 08/31/24 Price Changed $695,000 -6.7% $222 / Sq Ft
08/12/2024 08/12/24 For Sale $745,000 -- $238 / Sq Ft
Source: REcolorado®

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 $1,975 $24,940 $12,340 $12,600
2023 $1,933 $24,940 $12,340 $12,600
2022 $2,279 $28,660 $10,170 $18,490
2021 $2,248 $30,130 $10,690 $19,440
2020 $2,044 $27,550 $4,280 $23,270
2019 $1,987 $27,550 $4,280 $23,270
2018 $1,770 $22,880 $2,150 $20,730
2017 $1,765 $22,880 $2,150 $20,730
2016 $1,400 $17,170 $2,141 $15,029
2015 $1,341 $17,170 $2,141 $15,029
2014 $898 $10,810 $1,560 $9,250
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $500,000 New Conventional
Previous Owner $170,050 New Conventional
Previous Owner $185,000 New Conventional
Previous Owner $400,000 Credit Line Revolving
Previous Owner $260,000 New Conventional
Previous Owner $249,200 Unknown
Previous Owner $250,000 No Value Available
Source: Public Records

Deed History

Date Type Sale Price Title Company
Warranty Deed $625,000 None Listed On Document
Warranty Deed $250,000 None Available
Trustee Deed -- None Available
Warranty Deed $250,000 --
Source: Public Records

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