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1015 S Eliot St Unit 4, Denver, CO 80219

$975,000
: 8
BD
: 8
BA
: 5,043
SqFt

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List Price: $975,000
Type: Single Family Residential
Property Sub Type: Single Family Residence
Status: ACTIVE
MLS Number: 9735734
Structural Style: Modular
Bedrooms: 8
Bathrooms: 8
Baths Half: 4
Sqft Total: 5,043
Year Built: 1979

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Property Description

Well-maintained 4-unit investment opportunity in a centrally located Denver neighborhood with strong rental demand and value-add potential. The property consists of four 2-bedroom, 1-bath units in a two-story, walk-up building with dedicated off-street parking and direct exterior unit entrances. Three units are currently occupied (all June 1st expirations), providing a new owner to renew current leases, capturing the immediate income, while one unit is vacant and fully renovated, featuring new drywall, fresh paint, new carpet, and updated appliances — ideal for an owner-occupant or to lease at market rent; or provides a new owner an opportunity to not renew the remaining tenants and have a fully vacant 4-unit building to reposition. The asset offers a compelling blend of in-place cash flow and upside through rent increases, with similar units in the area supporting higher rental rates. Recent improvements and ongoing exterior cleanup enhance the property’s appeal and reduce near-term capital needs. Located with convenient access to major corridors, public transportation, and neighborhood amenities, this property presents an excellent opportunity for investors seeking a stable, small multifamily asset with operational upside.

(303) 522-8226

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Additional Information

Lot Size Acres: 0.18
Lot Size Sq Ft: 8,029
Tax Amount: $6,545
Exterior Features: Garden, Lighting, Private Yard, Rain Gutters, Hot Tub
Water Source: Public
Sewer: Public Sewer
Heating: Forced Air
Cooling: Central Air
School District: Denver 1
Elementary School: Goldrick
Middle Or Junior School: Kepner
High School: Abraham Lincoln
Unit Number: 4