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$950,000

5355 Quitman St Denver CO 80212, Denver, Colorado, 80212

Property Description
8 Bedrooms
3,400 Sqft
Year Built: 1971
Building Area: 3,400 Sqft
Lot Area: 13,300 Sqft

Excellent investment opportunity near Regis University. Renovated turnkey currently generating $79,200 ($1,650 per unit x 4) of gross revenue all for under a Million! This is a side by side Duplex being operated as a non-conforming Quadplex. 8 beds, 4 baths, 4 kitchens, 4 Livingrooms, 4 washer/dryer hook-ups, 4 entrances, 2 furnaces. Two entrances front upper/ two entrances back lower. Renovated throughout with New roof, new gutters, new windows, new paint, new laminate, newer carpet, renovated bathrooms and kitchens. Two oversized 1-car garages, one currently included in a lease, one available for owner use or lease to tenant for additional income.

Great potential future redevelopment opportunity (large 13,300 lot) to scrape and build two high-end duplex buildings with mountain views (See examples one block to the west on Raleigh). Buyer to verify all future zoning and redevelopment uses.

The EXCLUSIVE 2.5% CRA Incentive Program
5355 QUITMAN ST is located in a low or moderate income federal census tract. This allows buyers to potentially qualify for 2.5% pricing incentive based on the loan amount. Only federal banks are required to meet the strict guidelines as part of the Community Reinvestment Act.
Guardian Mortgage is offering a 2.5% pricing incentive on MOST loan types for your listing. This incentive significantly lowers closing costs, allowing the borrower more flexibility. There is no cost to this to the buyer or the seller for participation with this incentive. The only requirement is that the buyer finances through Guardian Mortgage. Investors and second-home buyers are also potentially eligible with certain qualifications.
If the pricing incentive is applied to buy down the interest rate on a 30-year fixed rate mortgage, then savings can be significantly below standard rate options available in the market!
Please reach out with any questions,
Ryan DeSchryver
Mortgage Branch Manager
NMLS #582899
[email protected]
C:(208) 755-1088

About This Property
Attached Dwelling
3,400 Sqft
2
$4,728
: Not New, Previously Owned
Building Details
: Wood/frame
: Ranch
: 90%+ Finished Basement, Full
: Composition
: Dishwasher, Refrigerator, Washer, Dryer
: Forced Air
: Master Meter-gas
$0
Address Map
5355 Quitman St Denver CO 80212
CO
Adams
Denver
80212
0
W106° 57' 33.2''
N39° 47' 38.2''
Berkeley Gardens
Additional Information
66
: Slab
023203
M2988
: Cash, Conventional
1
1
: Duplex
2021
R-2
3,400 Sqft
$0
0 Sqft
$0
$0
$0
$0
0 Sqft
Utilities and Services
: Electricity Available, Cable Available
: City Water
: City Sewer, Public Sewer
Tennyson Knolls
Westminster
Scott Carpenter

Denver

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    Listing ID #5752588
    Right Sidebar Info
    Listing Type : For Sale
    Price : $950,000
    Bedrooms : 8
    Bathrooms Total : 4
    Square Footage : 3,400 Sqft
    Year Built : 1971
    Lot Area : 13,300 Sqft
    Status : Active
    Property Type : Residential Income
    Listing ID : 5752588
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