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2639 E 12th Ave, Denver, CO 80206

$1,555,000
: 8
BD
: 7
BA
: 4,048
SqFt

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Sold Price: $1,555,000
List Price: $1,599,000
Closing Date: Jul 10, 2024
Type: Multifamily
Property Sub Type: Quadruplex
Status: CLOSED
MLS Number: 8080861
Bedrooms: 8
Bathrooms: 7
Sqft Total: 4,048
Year Built: 1909

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Property Description

Perfect setup for owner to live in one half (2,100 square feet) and have 3 rental units on the other side just like the present owner has done for the past 24 years. Owner occupy loans with 5% down. Then you’ve set yourself up for the perfect investment. Reap the benefit of living in a neighborhood within the city with amenities you love. Excellent opportunity for live/work/ABNB/4-6 unit income producing property with Main Street Zoning U-MS-2. This is a rare opportunity to own a full Duplex Building with 4 units. Yes, the entire building is for sale-2 blocks from Congress Park, includes both sides of this exceptionally well-cared for, remodeled, turnkey and ready to go. Located on a prime corner in the Congress Park Neighborhood’s 12th Ave Business District, across from shops and 4 restaurants. On bus/bicycle route, close to parks and Denver Botanic Gardens. The 4 current units have many new updates including remodeled kitchens, remodeled baths, new fixtures, refinished 115 year old wood floors, new appliances, new paint and feature original woodwork. The beautiful craftsman style-brick exterior has separate egress entrances for units 5 and 6, has 3 covered porches, 2 decks, 2 patios a shared fenced backyard with mature trees and sprinkler system. EZ back to 6 income units for higher cap rate (with mechanicals-water lines and gas lines still in place) and added square footage in the unfinished attic. 5 minutes to the Congress Park Swimming Pool or Denver Botanic Gardens.

(303) 522-8226

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Additional Information

Lot Size Acres: 0.12
Lot Size Sq Ft: 5,183
Tax Amount: $8,019
Exterior Features: Balcony, Garden, Lighting, Private Yard, Smart Irrigation
Water Source: Public
Sewer: Public Sewer
Basement Type: Daylight, Exterior Entry, Finished, Full, Interior Entry, Walkout
Heating: Forced Air, Natural Gas
Cooling: Attic Fan, Evaporative Cooling, Other
School District: Denver 1
Elementary School: Teller
Middle Or Junior School: Morey
High School: East