39.713463 -104.98601
156 S Lincoln Street Denver CO 80209 209702706 39.713463 -104.98601 30105 /listing/209702706-151082055/156-s-lincoln-street-denver-co-80209 False 0 636000.0 2642 105 102 4 2 9217867 False 1890 0.10 0.10

156 S Lincoln Street

Denver, CO 80209 MLS# 9217867

Closed 06/08/18

209702706 True False 39.713463 -104.98601 30105 /listing/209702706-151082055/156-s-lincoln-street-denver-co-80209 False 0 636000.0 2642 105 4 2 9217867 False 0 0
$636,000
MLS# 9217867
Closed 06/08/18
  1. Listed on 06/08/18
  • 4 Bedrooms Beds
  • 2 Bath Baths
  • 2,642 Square Feet Sq.Ft
  • 0.10 Acres
  • 1890 Year Built Yr. Built
156 S Lincoln Street Denver, CO 80209 MLS# 9217867
Closed 06/08/18
209702706 39.713463 -104.98601 30105 /listing/209702706-151082055/156-s-lincoln-street-denver-co-80209 False 0 636000.0 2642 105 4 2 9217867 False
$636,000
  • 4 Bedrooms
  • 2 Bath
  • 2,642 Square Feet
  • 0.10 Acres
  • 1890 Year Built
  1. Listed on 06/08/18
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Description

Cap Rate = 5.6% based on projected rents of $1850/month and $1950/month. Close to light rail, RTD, retail and entertainment. 2-unit up/down with shared entryway. Four (4) private covered parking spaces, enclosed by garage doors at alley. Each unit has 2 beds, 1 full bath, formal dining room, living room with fireplace, and kitchen. Washer/dryer in lower unit and basement laundry room for the upper unit. Newer water heater (2011), newer sewer (2014), newer furnace (2015), new sump pump (2017), new carpets (2017), new garage doors (2017), new washer/dryer in lower unit (2017), new paint (2017/2018), new kitchen floor in upper unit (2018). Pre-listing inspection available! Buyer agrees to cooperate with 1031 Exchange.

Courtesy Of Your Castle Real Estate Inc
Listing Information
  • Property Type: Residential Income
  • Property Subtype: Duplex
  • Structure Type: Duplex
  • Levels: Multi/Split
  • Architecture: Victorian
  • Beds: 4
  • SqFt Finished: 2370
  • SqFt Above: 2370
  • PSF Total: 240.73
  • PSF Finished: 268.35
  • PSF Above Grade: 268.35
  • Year Built: 1890
  • Construction Materials: Brick, Concrete, Frame, Stone
  • Special Listing Conditions: None Known
  • Ownership: Individual
  • Possession: Closing/DOD
  • Directions: I-25 to the Lincoln St exit. Take Lincoln north to the property, between Cedar & Maple. There is usually plenty of free street parking out front.
  • Stories: 3
Interior Features
  • Exclusions: Seller's personal property.
  • Number Of Units Vacant: 1
  • Appliances: Dishwasher, Dryer, Gas Water Heater, Microwave, Refrigerator, Self Cleaning Oven, Sump Pump, Washer, Washer/Dryer
  • Fireplace Features: Wood Burning, Wood Burning Stove
  • Flooring: Carpet, Laminate, Tile, Wood
  • Interior Features: Breakfast Nook, Built-in Features, Ceiling Fan(s), Eat-in Kitchen, Smoke Free, Walk-In Closet(s)
  • Laundry Availability: In Basement
Unit Info
  • 2 Bedroom
  • Air Conditioners: 0
  • Average Rent: 1275.00, 1375.00
  • Average SqFt: 1135.00
  • Bathrooms: 1
  • Dishwashers: 1
  • Dryers: 1
  • Fireplaces: 1
  • Number of Units: 1
  • Parking Per Unit: 2
  • Refrigerators: 1
  • Stoves: 1
  • Unit Type: 2 Bedroom
  • Washers: 1
Room Details
  • Basement Percent Finished: 0
  • Basement: Partial, Sump Pump, Unfinished
  • Basement YN: Y
Parking/Garage
  • Carport (Detached)
  • Parking Description: Enclosed by garage doors on alley
  • Parking Spaces Number Of: 4
  • Parking Type: Carport (Detached)
  • Parking Total Searchable: 4
  • Total Carport Spaces: 4
  • Total Offstreet Spaces: 0
  • Total Reserved Spaces: 0
  • Total RV Spaces: 0
  • Parking: Detached Carport
Community/Neighborhood Information
  • Distance To Bus Units: Miles
  • Distance To Light Rail Units: Miles
  • Distance To Other Transit Units: Miles
  • Distance to Bus: 0.20
  • Distance To Light Rail: 0.70
  • Walk Score: 89
HOA
  • Has Multiple HOAs YN: N
  • HOA YN: N
Financial Considerations
  • Gross Operating Income: 41952
  • Insurance Expense: 3000
  • Maintenance Exp: 1500
  • Net Operating Income: 24646
  • Potential Rental Income Annual: 45600
  • Real Estate Taxes: 2818
  • Tax Amount: 2818.00
  • Tax ID: 5104-25-003
  • Tax Year: 2017
  • Vacancy Credit Losses: 3648
  • Operating Expense Includes: Insurance, Maintenance, RealEstateTax
  • Utilities Metering: Common Electric, Common Gas, Common Water
  • Annual Expense Proj: 10966
  • Annual Expenses: 7154
  • Annual Income Proj: 45600
  • Annual Net Income Proj: 34634
  • Cap Rate: 5.60
  • Gross Income: 31800
Utilities & Green Home Features
  • Heating: Forced Air, Natural Gas
  • Utilities: Cable Available
Exterior & Lot Features
  • Exterior Features: Garden, Private Yard
  • Fencing: Full
  • Patio And Porch Features: Patio
  • Road Surface: Paved
  • Roof: Composition
  • Zoning: U-TU-B2
Schools Near 156 S Lincoln Street Denver, CO
District: Denver 1
Schools: Lincoln, Grant, South
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