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Key Details
Sold Price $430,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,087 sqft
Price per Sqft $206
Subdivision Valverde
MLS Listing ID 9584926
Sold Date 07/31/24
Bedrooms 6
HOA Y/N No
Abv Grd Liv Area 1,297
Originating Board recolorado
Year Built 1953
Annual Tax Amount $1,798
Tax Year 2023
Lot Size 9,147 Sqft
Acres 0.21
Property Description
Visit 2823archer.com for more info! **Investor Fixer Upper Special** - Experienced Investors only. This triplex is a great fix and flip opportunity. Can be converted to a Triplex, Duplex or one large house. After Repair Value is estimated to be $800,000 as a Triplex. It is stripped down to the studs, includes a 2 car detached garage + ample space to build a 3rd garage space. The main floor unit has the potential for a 3 bedroom, 1 bath unit and the basement has the potential for a 1 bedroom, 1 bath unit and a 2 bedroom, 1 bath unit. The property is located just 14 minutes from Downtown Denver, and in the developing neighborhood of Valverde. New development construction surrounds this property, including on the lot next door. Purchase significantly below market value and capitalize on the opportunity to build equity through strategic improvements. Note: Property being sold in "as-is" condition.
Location
State CO
County Denver
Zoning E-SU-DX
Rooms
Basement Full, Unfinished
Interior
Heating Baseboard
Cooling None
Fireplace N
Exterior
Garage Spaces 2.0
Fence Partial
Roof Type Composition
Total Parking Spaces 2
Garage No
Building
Lot Description Level
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Block,Concrete
Schools
Elementary Schools Barnum
Middle Schools Kepner
High Schools West
School District Denver 1
Others
Senior Community No
Ownership Corporation/Trust
Acceptable Financing 1031 Exchange, Cash
Listing Terms 1031 Exchange, Cash
Special Listing Condition None
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Bought with METROPOLITAN DENVER R E BRKG
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Ramona Williams
Broker Associate | License ID: 040045489
Broker Associate License ID: 040045489