1625 N Downing St Denver CO 80218

Description

This is a deal!! Gorgeous turn of the century Denver Mansion designed by renowned architect Frank Edbrooke. Over 5,700sf of living space currently consisting of 3 residential units, however the main level and 2nd level are all open right now which could offer an easy transition to owner/user/primary residence. One of the largest lots on the block at 7,100SF with a covered front porch, tiered garden in front, side yard with wrought iron fencing, flagstone walkway, back trex deck, and parking lot with 9 parking spaces. Great potential for an ADU with garage!!

Taxes are not $30K! Change of use has been approved and taxes are being reassessed. Should be around $10K, but depends on final sale price.

Original brick on the exterior with fresh paint, all original wood windows in great condition, 2 original leaded glass windows, and amazing woodwork on the interior. The main floor unit consisting of 1st/2nd levels is currently rented to a non-profit office with a lease ending in August 2025. This private space would make an amazing residence with the addition of a garage and an upgraded kitchen area. Plenty of room for both.

The two income units could be short term rented if the main unit is a primary for around $100+/night or currently long term rented for $1900/month each unit with one parking space. The attic unit has its own furnace and AC unit - both are brand new. The main floor has a brand new AC unit in 2024 and a large furnace in great condition that is shared heat with the basement unit. The basement unit also has electric baseboard heat to supplement and could be switched over to full electric. With some further remodeling of the basement you could easily increase the ceiling height to 8' and upgrade the kitchen to get more rent.

Priced to sell quickly. Act fast and own a part of Denver history! Owner/User or Investment Opportunity! or convert to a museum or personal residence. Such a great piece of real estate!!