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$2,050,000

2903 E 14th Avenue, Denver, Colorado, 80206

Property Description
6,712 Sqft
Year Built: 1908
Building Area: 6,712 Sqft
Lot Area: 4,470 Sqft

Beautiful brick 6-plex in a prime location between Congress Park and City Park, 100% occupied at a 5.1% cap rate with upside. This unique floor plan has 3 large townhouse style units (two 3 bedroom units, one 4 bedroom unit) and an additional three 1 bedroom units. The property has a proven value add strategy of converting 3 bedroom units to 4 bedroom units and in the past two years one of the six units had a full remodel and two units had lighter remodels leaving plenty of room for future upside. Other recent improvements are: 3 new furnaces in 2022 and new paint on exterior trim, fascia, window trim, soffit, entry stone. Clean building, great location and simple ways to increase revenue with both under markets in place rents and rehab opportunities. Please email listing agent to request an Offer Memorandum. Buyers to submit POF for down payment prior to scheduling showings to limit intrusion on our tenants.

About This Property
Multifamily
6,712 Sqft
: Two
0
$7,769
Building Details
: Brick
: Lowrise, Squaredesign
: Shingle, Architectural
: Cornerlot
: Low Rise, Square Design
: Concrete
$0
: Architectural, Shingle
: Public Sewer
Address Map
2903 E 14th Avenue
CO
Denver
Denver
80206
0
W105° 2' 50.4''
N39° 44' 18.7''
Additional Information
West Rock Realty, LLC
20
M2945
6
: Lowrise
2021
05-31-2022 20:38:00
0
$0
0
$0
5.36
0
: Brick
20
$0
: Balcony, Garden
0
1
1
[email protected]
Cash,Conventional
[email protected]
: Corner Lot
$0
5012-03-016
: Low Rise
$7,769
2021
: Electricity Connected, Natural Gas Connected, Cable Available, Sewer Connected
U-RH-3A
28722N
M2945
0
Utilities and Services
: Cableavailable, Electricityconnected, Naturalgasconnected, Sewerconnected
: Public, Agricultureditchwater
: Publicsewer
: Publicroad

Denver

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    Listing ID #8912719
    Right Sidebar Info
    Listing Type : For Sale
    Price : $2,050,000
    Square Footage : 6,712 Sqft
    Year Built : 1908
    Lot Area : 4,470 Sqft
    Status : Active
    Property Type : Commercial Sale
    Listing ID : 8912719
    Status : Active
    Property Sub Type : Multi Family
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