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2021-2025 Irving,  Denver CO, 80211 ( Sold )

  • Sold Price:
    $575,000
  • 03/07/2016

MLS# 6365736
|
7 beds, 3 baths
Source:REcolorado

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Listing Provided Courtesy Of: THE KENTWOOD COMPANY
Last Updated: 12/8/2016 12:07 AM
Description for 2021-2025 Irving,  Denver CO, 80211
Great cash flow investment or redevelopment project. Large 7800 sq.ft. lot with side alley and back alley. Currently renting for $3435/month. Potential to go to $3845/month or more. Positive cash flow at today's rental rates of about $600/month after PITI with 20% down, 4.25% interest rate, water, and maintenance paid. Potential of $1000/month positive cash flow if rents are raised. Unit 2025 has been rented by same family for 23 years. They will be out the end of March and rents can be increased substantially. 2 3-bedroom units and 1 1-bedroom unit. Basement units don't have conforming windows. The property is zoned for 2 units but it is grandfathered in as a 3 unit. Please check with the county if you are considering building any homes on the lot. Buyer must confirm all measurements themselves. Square footage figures shown include the basements in units 2023 and 2025. 2021 is a basement unit.
Price
Sold Price:
$575,000
Sold Date:03/07/2016
Sloans Lake
Denver
7
3
3,360 (approx)
6365736
Sold
Description
Great cash flow investment or redevelopment project. Large 7800 sq.ft. lot with side alley and back alley. Currently renting for $3435/month. Potential to go to $3845/month or more. Positive cash flow at today's rental rates of about $600/month after PITI with 20% down, 4.25% interest rate, water, and maintenance paid. Potential of $1000/month positive cash flow if rents are raised. Unit 2025 has been rented by same family for 23 years. They will be out the end of March and rents can be increased substantially. 2 3-bedroom units and 1 1-bedroom unit. Basement units don't have conforming windows. The property is zoned for 2 units but it is grandfathered in as a 3 unit. Please check with the county if you are considering building any homes on the lot. Buyer must confirm all measurements themselves. Square footage figures shown include the basements in units 2023 and 2025. 2021 is a basement unit.
Listing Information
Property Type: Triplex
Ranch 7
3 0.18 Acres
3,360 (approx) $171.13 1952
Yes Brick
Sloans Lake
2,424 Sq. Ft. (approx)
3 Total
Neighborhood
School Information
District: Denver 1
BROWN LAKE NORTH
Room Information
Hookups in Unit
Eat-In Kitchen
Interior Features
Range-Oven
Vinyl, Carpet
Ceiling Fan(s)
Gas Heat, Forced Air
Full, Cellar
Exterior / Lot Features
4 Parking Spaces, Garage (Attached)
Brick
Covered
U-TU-C
Fenced (any type)
Shed / Utility Building
Financial Considerations
2322-33-020
$2,741
2014
Listing Price History

Denver Real Estate

Denver is located in Colorado. Denver, Colorado 80211 has a population of 604,356.

The median household income in Denver, Colorado 80211 is $49,091. The median household income for the surrounding county is $49,091 compared to the national median of $53,046. The median age of people living in Denver 80211 is 33.7 years.

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Courtesy: THE KENTWOOD COMPANY
Copyright © 2016 REcolorado. All rights reserved. Information is deemed reliable but is not guaranteed.

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