1401 S Broadway # A, Denver CO 80210

Active

1401 S Broadway # A, Denver CO 80210


Courtesy of: Nathan Freeman | CORE Residential
$1,150,000 Denver, CO 80210
  • Denver County
  • 4 Beds
  • 3 Baths

Key Features

  • Property Type: Residential Income
  • Status: Active
  • MLS® ID: 4802564
  • Year Built: 1915
  • County: Denver
  • Neighborhood: Broadway Arkansas

Interior Details

  • Bedrooms: 4
  • Bathrooms: 3
  • Appliances: Dishwasher, Refrigerator, Washer, Dryer, Microwave, Disposal
  • Cooling: Room Air Conditioner
  • Heating: Forced Air
  • Water: City Water

Exterior Details

  • Roof: Other
  • Sewer: City Sewer, Public Sewer

Description

Attractive income property located in desirable Platt Park on S. Broadway close to exciting shops and dining. 3-unit condo with one updated studio, an updated 2 bedroom, and another 1 bedroom unit. Always rented and rising rents on turnovers. Minimal operating costs and decent infrastructure with low deferred maintenance. This is a nice cruise control investment with plenty of upside opportunity. Unit 1: New lease commences 6.30.22. Updated Studio with new cabinets, granite counters, LVP flooring and a bath. . Unit 2: leased through 2.28.23, Updated 2-bedroom, 1 bath with comparable finishes to the studio. Unit 3: leased through 9.30.22, 1 bedroom, 1 bath with new carpet. All three units deeded as one and cannot be split. Unit 2 and 3 have not escalated rents in past two years and could be increased significantly at renewal. Utilities reimbursed through the rent. Self-managed HOA $127 per month. Due diligence documents and financials uploaded in the documents section for your review.

Location

  • Address: 1401 S Broadway # A, Denver CO 80210
  • City: Denver
  • State: CO
  • Zip: 80210

S. Broadway to Arkansas. Turn right on Arkansas and park immediately. Units are upstairs in the building on the southwest corner of Broadway and Arkansas.

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