4851 S Bannock Street, Englewood, CO 80110

$1,130,000
9
BD
6
BA
4,650
SqFt

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Sold Price
$1,130,000
List Price
$1,150,000
Closing Date
Dec 09, 2024
Type
Multifamily
Property Sub Type
Triplex
Status
CLOSED
MLS Number
5317982
Bedrooms
9
Bathrooms
6
Sqft Total
4,650
Neighborhood
Englewood
Year Built
1973

Property Description

Updated and well maintained Englewood triplex property with room for value-add. All units are move-in ready with updated flooring and paint. This unique multifamily property features 3, three bedroom units with room to add a fourth. The large front facing unit features 3 beds and 2 baths all above grade. The other two units are also 3/2 and feature a bed/bath in the basement with egress windows. The basement below the front unit is large and unfinished, with rough-in for plumbing and an egress window as well. City of Englewood zoning has confirmed that zoning could allow a 4th unit be added (buyer to verify). There are 3 covered parking spots in the back with additional storage. Property features many updates including sewer line systems, electrical, HVAC, concrete, and professionally maintained landscaping. This massive 5800 SQF property is rare for the Englewood market and offers cash flow potential that is rarely seen at this price point. Conservative rent estimate is valued at 2500/mo per unit. Adding the potential 4th unit would bring total monthly gross rent to $9200+ per month. Please see offering memorandum for more details or call listing broker Erik Carman 720-663-8999.

Additional Information

Lot Size Acres
0.25
Lot Size Sq Ft
10,890
Tax Amount
$4,123
Tax Year
2023
Sewer
Public Sewer
Basement Type
Bath/Stubbed, Finished, Unfinished
Heating
Forced Air
Cooling
Central Air
School District
Englewood 1
Elementary School
Clayton
Middle Or Junior School
Englewood
High School
Englewood
Parking Total Searchable
3
Parking Features
Concrete, Storage

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Calculator source: Real Geeks

Courtesy of Compass - Denver . erik.carman@compass.com,720-663-8999

Selling Office: Your Castle Real Estate Inc.