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6364 Julian St, Denver, CO 80221

$911,000
: 4
BD
: 2
BA
: 3,576
SqFt

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Sold Price: $911,000
List Price: $899,999
Closing Date: Feb 26, 2024
Type: Multifamily
Property Sub Type: Triplex
Status: CLOSED
MLS Number: 7544355
Structural Style: Traditional
Bedrooms: 4
Bathrooms: 2
Sqft Total: 3,576
Year Built: 1973

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Property Description

Don't miss your chance to tour this completely remodeled triplex. Envision an entire ranch-style home with a finished basement (4b/2ba), connected to an up/down duplex, (each 2b/1ba). The interiors boast luxurious finishes, including white quartz countertops, tile backsplash, LPV flooring, and stainless steel appliances. The kitchens are expansive, showcasing large islands and high-end cabinetry, creating a modern layout perfect for both dining and entertaining. Each unit is equipped with its own washer/dryer hookups. Mechanical upgrades, such as a new roof, windows, furnaces, concrete work, conforming egress windows and more, enhance the property's overall appeal and reduce operating expenses. The larger unit operates on separate gas/electric systems, while the 2-bedroom/1-bathroom units share common gas/electric services (shared between unit, can be split by tenants or paid by owner and charged back). These two units do have individual heat control. Rent projections are drawn from very similar rental comps, and indicate for this to cashflow at an 8% cap rate. This turn-key investment should bring investors *true positive cashflow*, and may allow house-hackers to live nearly for free (loan terms dependent). Located in the charming Berkley neighborhood, close to Regis University, tons of new development, and a quick drive to Sunnyside/Highlands, Old Town Arvada and easy access to several major highways, the location could not be more convenient both for quality of life and investment perspectives. Schedule your showing today!

(303) 522-8226

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Additional Information

Lot Size Acres: 0.2
Lot Size Sq Ft: 8,625
Tax Amount: $3,693
Water Source: Public
Sewer: Public Sewer
Basement Type: Unfinished
Heating: Forced Air
Cooling: Central Air
School District: Westminster Public Schools
Elementary School: Hodgkins
Middle Or Junior School: Tennyson Knolls
High School: Westminster