$2,350,000

Estimated payment $15,281/month

Total Views 5,642
-- Bed
-- Bath
800 Sq Ft
$2,938 Price per Sq Ft

Highlights

  • Spa
  • No HOA
  • Spa Bath
  • 0.43 Acre Lot
  • Bar Fridge
  • Central Air

About This Home

"IMAGINATION, A Vision": RE-Development of Existing Building or...you may build to suit...Zoning is U-MS-5, which is a big plus with all the newer building activities on this Main street. Excellent location on large corner lot (+- 1/2 Acre) Central West Colfax Corridor,Double-Drive-Through Restaurants are hot now ( none in the area) as well as 4-5 Story General Commercial Buildings are 'Popping' up in this area on a weekly basis... This is definitely in the midst of The Opportunity Zone of the Gentrification area of WEST COLFAX AVENUE, DENVER

Listing Agent

Raymond Evans

Berkshire Hathaway HomeServices Rocky Mountain, Realtors-Fort Collins

Berkshire Hathaway HomeServices Rocky Mountain, Realtors-Fort Collins

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $25,968

Year Built

  • Built in 1931

Home Design

  • Stone

Interior Spaces

  • Spa Bath
  • 800 Sq Ft Home
  • 1-Story Property
  • Central Vacuum
  • Bar Fridge
  • Dining Room
  • Partial Basement

Kitchen

  • Microwave
  • Freezer
  • Dishwasher
  • Trash Compactor

Laundry

  • Dryer
  • Washer

Schools

  • Barnum Elementary School
  • Hill Middle School
  • West High School

Utilities

  • Central Air
  • Baseboard Heating
  • Cable TV Available

Additional Features

  • Spa
  • 0.43 Acre Lot

Listing and Financial Details

  • Assessor Parcel Number 506206028

Community Details

Overview

  • No Home Owners Association
  • Association fees include trash
  • Mcdowells Subdivision

Building Details

  • Gross Income $148,000
  • Net Operating Income $122,032

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$25,968

Year Built

Built in 1931

Lot Details

0

Listing Details

  • Year Built: 1931
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.43
  • Subdivision Name: McDowells
  • Directions: West on Colfax Ave, 4930...On corner of W Colfax and Yates Street
  • Architectural Style: Ranch
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Special Features: None
  • Stories: 1

Interior Features

  • Spa Features: Bath
  • Private Spa: Yes
  • Appliances: Dishwasher, Refrigerator, Bar Fridge, Washer, Dryer, Microwave, Trash Compactor, Freezer
  • Has Basement: Partial
  • Interior Amenities: Central Vacuum, Separate Dining Room
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Other
  • Builder Name: unknown
  • Waterfront: No
  • Construction Type: Stone
  • Property Condition: Not New, Previously Owned

Utilities

  • Cooling: Central Air
  • Heating: Baseboard
  • Utilities: Cable Available
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: City Sewer
  • Water Source: City Water, City of Denver

Condo/Co-op/Association

  • HOA Fee Includes: Trash
  • Senior Community: No
  • Association: No

Association/Amenities

  • IRESDS_HasAssociation2Reserve: No
  • IRESDS_HasAssociation2Fee: No
  • IRESDS_HasAssociationReserve: No
  • IRESDS_HasAssociationFee: No

Schools

  • Elementary School: Barnum,Ashley
  • HighSchool: West
  • Junior High Dist: Denver District 1
  • Middle Or Junior School: Hill

Lot Info

  • Zoning: U=MS-5
  • Lot Size Sq Ft: 18750
  • Parcel #: 506206028
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Deposit, Gas, Electricity, Water, Sewer, Taxes, CPI Annual Escalation, Insurance, Interior Maintenance, Exterior Maintenance, Structural Maintenance

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 25968

Multi Family

  • Annual Gross Income: 148000
  • Annual Operating Expense: 25968

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 $24,219 $305,790 $305,510 $280
2023 $24,366 $305,790 $305,510 $280
2022 $24,366 $326,540 $326,250 $290
2021 $24,366 $326,540 $326,250 $290
2020 $20,194 $272,170 $271,880 $290
2019 $19,628 $272,170 $271,880 $290
2018 $12,643 $163,420 $163,130 $290
2017 $12,605 $163,420 $163,130 $290
2016 $9,434 $115,690 $97,875 $17,815
2015 $9,039 $115,690 $97,875 $17,815
2014 $9,069 $109,190 $54,375 $54,815
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/30/2025 01/30/25 For Sale $2,350,000 0.0% $2,938 / Sq Ft
01/06/2025 01/06/25 Off Market $2,350,000 -- --
03/16/2024 03/16/24 For Sale $2,350,000 -- $2,938 / Sq Ft
Source: IRES MLS

Deed History

Date Type Sale Price Title Company
Warranty Deed $700,000 Land Title Guarantee Company
Warranty Deed $365,000 Stewart Title
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $474,205 Unknown
Closed $525,000 Commercial
Previous Owner $347,000 Commercial
Previous Owner $220,000 Small Business Administration
Previous Owner $350,000 Commercial
Source: Public Records

Source: IRES MLS

MLS Number: 1006301

IRES MLS

APN: 5062-06-028