39.69535 -105.00902
1167 S Raritan Street Denver CO 80223 284747508 39.69535 -105.00902 60105 /listing/284747508-151082055/1167-s-raritan-street-denver-co-80223 False 0 1149000.0 3404 105 100 8 4 2109156 False 1955 0.25 0.25

1167 S Raritan Street

Denver, CO 80223 MLS# 2109156

Active 11/19/20

284747508 False False 39.69535 -105.00902 60105 /listing/284747508-151082055/1167-s-raritan-street-denver-co-80223 False 0 1149000.0 3404 105 8 4 2109156 False 47190498 0
$1,149,000
MLS# 2109156
Active 11/19/20
  1. Listed on 11/19/20
  • 8 Bedrooms Beds
  • 4 Bath Baths
  • 3,404 Square Feet Sq.Ft
  • 0.25 Acres
  • 1955 Year Built Yr. Built
1167 S Raritan Street Denver, CO 80223 MLS# 2109156
Active 11/19/20
284747508 39.69535 -105.00902 60105 /listing/284747508-151082055/1167-s-raritan-street-denver-co-80223 False 0 1149000.0 3404 105 8 4 2109156 False
$1,149,000
  • 8 Bedrooms
  • 4 Bath
  • 3,404 Square Feet
  • 0.25 Acres
  • 1955 Year Built
  1. Listed on 11/19/20
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Description

You don't want to miss this opportunity to own a 4-unit property in Denver proper. Situated perfectly in Ruby Hill on a 10,700sqft lot, this brick 4-plex has been recently renovated and all the 'majors' have been upgraded; newer roof, new sewer line, new electrical, upgraded landscaping for minimal maintenance, to-code handrails, new decking, lots of exterior lighting installed, several interior upgrades, and the rear parking lot has been recoated and sealed. Awesome location! Very close to public transit, restaurants, Huston Lake Park, Overland Golf Course, and under 2.5 miles to I/25. This property presents itself as a great 'set-it and forget-it', cash flow opportunity for an investor OR as an even better 'house-hacking' opportunity for a first-time investor or homeowner. Agents, please be sure to check out the FHA loan limits on a 4-unit property, you will be shocked! Finance nearly this entire purchase and let your tenants pay your whole mortgage every single month while you build massive equity in your property!

Courtesy Of Five Four Real Estate, LLC
Listing Information
  • Property Type: Residential Income
  • Property Subtype: Quadplex
  • Structure Type: Quadruplex
  • Levels: Two
  • Architecture: Mid-Century Modern
  • Subdivision: Marland Heights
  • Beds: 8
  • SqFt Finished: 3404.00
  • SqFt Above: 3404.00
  • PSF Total: 337.54
  • PSF Finished: 337.54
  • PSF Above Grade: 337.54
  • Price Per Acre: 4596000.00
  • Year Built: 1955
  • Property Condition: Updated/Remodeled
  • Construction Materials: Brick
  • Special Listing Conditions: None Known
  • Ownership: Individual
  • Stories: 2
Interior Features
  • Interior Features: Ceiling Fan(s), Eat-in Kitchen
  • Laundry Availability: In Unit
  • Appliances: Dishwasher, Dryer, Gas Water Heater, Range, Refrigerator
  • Exclusions: All tenant personal property.
  • Unit Count: 1
Unit Info
  • 2 Bedroom
  • Average Rent: 1508.00
  • Average SqFt: 851.00
  • Dishwashers: 1
  • Dryers: 1
  • Parking Per Unit: 2
  • Refrigerators: 1
  • Stoves: 1
  • Unit Type: 2 Bedroom
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Units Total: 4
  • Washers: 1
Room Details
  • Basement YN: N
Parking/Garage
  • Parking Lot
  • Parking Spaces Number Of: 8
  • Parking Type: Parking Lot
  • Parking Total: 8
  • Total Offstreet Spaces: 8
Community/Neighborhood Information
  • Walk Score: 75
HOA
  • HOA YN: N
  • 2nd HOA Fee (Annual Total): 0.00
  • 3rd HOA Fee (Annual Total): 0.00
  • Master HOA Fee (Annual Total): 0.00
  • Restrictions/Covenants YN: N
  • Total Annual HOA Fees: 0.00
Financial Considerations
  • Owner Pays Utilities: Insurance, Taxes, Trash Collection, Water
  • Tenant Pays: Cable TV, Electricity, Gas, Internet, Telephone
  • Utilities Metering: Separate Electric, Separate Gas
  • Utilities Paid By Tenant: Direct Billing from Utility
  • Actual Annual Net Income: 58780.00
  • Cap Rate: 5.33
  • Cap Rate Calculation: $61,234 / $1,149,000
  • Gross Income: 65580.00
  • Legal Description: MARLAND HTS B6 L29 & 30 DIF BOOK 1769-644
  • Operating Expense: 6800.00
  • Operating Expense Includes: Insurance, Maintenance, Professional Management, Real Estate Tax
  • Projected Annual Expense: 11150.00
  • Projected Annual Net Income: 61234.00
  • Projected Gross Income: 72384.00
  • Tax Amount: 2836.00
  • Tax ID: 5212-09-031
  • Tax Year: 2019
Utilities & Green Home Features
  • Cooling: None
  • Heating: Forced Air
  • Sewer: Public Sewer
  • Water Source: Public
Exterior & Lot Features
  • Shed(s)
  • Outbuilding Floor: Wood
  • Outbuilding Type: Shed(s)
  • Roof: Composition
  • Exterior Features: Balcony, Dog Run, Garden, Lighting
  • Fencing: Partial
  • Lot Features: Level
  • Out Building Number Of: 1
  • Patio And Porch Features: Covered
  • Zoning: E-MU-2.5
Schools Near 1167 S Raritan Street Denver, CO
District: Denver 1
Schools: Godsman, Grant, Abraham Lincoln
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Denver, CO 80205
(720) 937-6651
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