401 N Delaware Street, Denver, CO 80204 - SOLD
$1,850,000 - Baker
This place is amazing, with modern finishes, an open concept, and a must-see in Denver. Let your imagination run wild with the possibilities. One of the most unique properties in Baker, this former commercial frame & photo building converted to residential on the market for the first time in over 15 years. Currently used as an owner-occupied with 2 Airbnb units. Your use options are endless, zoning allows for options, build-up, add rooftop decks with a flat roof, build addition unit(s) on the parking lot that is included in the sale. Rents listed are estimated as the property has been used for Airbnb for the last few years. Please check out both 3D Matterport For a virtual walkthrough of all units.
Listing Provided by Engel & Volkers Denver
List Price: | $1,900,000 |
---|---|
Sold Price: | $1,850,000 |
Sold Date: | 12/15/2020 |
Status: | Closed |
MLS ID: | 9320118 |
Town: | Denver |
County: | Denver |
Subdivision: | Baker |
Zip: | 80204 |
Property Type: | Residential Income |
Property Sub Type: | Triplex |
Bedrooms: | 4 |
Living Area: | 5,256 sqft |
Acres: | 0.22 |
Taxes: | 4,075 |
Above Grade Finished Area: | 5,256 |
Architectural Style: | Loft, Mid-Century Modern |
Association Fee: | $0 |
Bathrooms Total Integer: | 5 |
Building Area Source: | Builder |
Buyer Financing: | Cash |
Elementary School: | Valverde |
Heating: | Forced Air |
High School: | West |
Building Area Total: | 5,256 |
Listing Contract Date: | 2020-10-22 |
Lot Size Square Feet: | 9,375 |
Carport Spaces: | 0 |
Lot Features: | Many Trees, Near Public Transit, Subdividable |
Middle Or Junior School: | Kepner |
Parcel Number: | 5102-12-028 |
Parking Features: | Concrete |
Directions: | |
Electric: | 220 Volts |
High School District: | Denver 1 |
Year Built: | 1954 |
Direction Faces: | East |
Exterior Features: | Garden, Private Yard |
Levels: | Two |
Elementary School District: | Denver 1 |
Tax Year: | 2019 |
Gross Income: | $95,000 |
Construction Materials: | Block, Concrete |
Cooling: | Central Air |
Listing Terms: | Cash, Conventional, Jumbo, VA Loan |
Foundation Details: | Slab |
Exclusions: | Personal Items |
Middle Or Junior School District: | Denver 1 |
Operating Expense: | $9,500 |
Original List Price: | $1,900,000 |
Ownership: | Individual |
Possession: | Close Plus 30 Days |
Parking Total: | 8 |
Water Source: | Public |
Patio And Porch Features: | Covered, Front Porch, Patio |
Zoning: | U-RH-2.5 |
Special Listing Conditions: | None |
Roof: | Tar/Gravel, Unknown |
Sewer: | Public Sewer |
Utilities: | Electricity Connected, Internet Access (Wired), Natural Gas Available, Natural Gas Connected, Phone Connected |
Property Condition: | Updated/Remodeled |
Actual Annual Net Income: | $85,500 |
Association Fee 3 Annual: | 0.00 |
Cap Rate Calculation: | Estimated based on rents listed. |
Closing Comments: | Seller Credited Buyer 20, 000 towards purchase price |
Coming Soon Date: | 2020-10-16 |
Commission Modified: | NA |
Contract Earnest Check To: | Chicago Title |
Contract Min Earnest: | 25000.00 |
Expected Active Date: | 2020-10-22 |
Green Verification Count: | 0 |
Is Incorporated Yn: | Yes |
No Showings Until Date: | 2020-10-24 |
Offstreet Spaces: | 8 |
Parking Count: | 1 |
Ppa: | 8409090.91 |
Price Type: | List Price |
Projected Annual Expense: | $9,500 |
Projected Annual Net Income: | $85,500 |
Projected Gross Income: | 95000.00 |
Psf Above Grade: | 351.98 |
Psf Finished: | 351.98 |
Psf Total: | 351.98 |
Restrictions Covenants Yn: | No |
School Of Choice Yn: | Yes |
Submitted Prospect Yn: | No |
Title Company: | Chicago Title |
Unit Count: | 3 |
Utility Billing To Tenants: | Separate Bill from Owner |
Utility Metering: | Common Electric, Common Gas, Common Water |
Road Responsibility: | Public Maintained Road |
Structure Type: | Triplex |
Listing Courtesy of: Engel & Volkers Denver
Listing Agent: Jim Cavoto
720-309-3014
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REcolorado® data last updated on March 28, 2024 06:22 AM
Based on information submitted to the MLS GRID as of March 28, 2024 06:22 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.
Property Last Updated: December 03, 2022 03:14 AM