4000-4010 Conejos Place Bldg , Unit

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Sold Denver, CO 80204 MLS# 4841225 Sold by Robert Bratley on 07/17/2020
$1,900,000
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Commercial Property Type
0.12 Acres
4900.00 Sq Ft
1941 Year Built
U-MS-5 Zoning

Overview

• 4000-4010 West Conejos Place is ideally located in the heart of the Sloan’s Lake neighborhood, one of Denver’s top performing apartment markets. Sloan’s Lake Park, Sloan’s Tap & Burger, Starbucks, Alamo Drafthouse, Target, King Soopers, Joyride Brewing Company, Edgewater Inn, Lakeview Lounge, Edgewater Public Market, Seedstock Brewing and many more amenities are within walking distance. • This property has a lodging license with the City and County of Denver that allows the property to run short-term rentals. In 2019, the actual NOI was $136,043 which equates to a 7.16% cap rate on the list price. The proximity to Empower Field at Mile High for a variety of events make this an extremely valuable license if the buyer keeps it active. • Unit interiors at the property are newly renovated with high-end finishes. Each residence will have stainless steel appliances including a dishwasher, quartz countertops, custom white cabinets with soft-closed drawers and doors, in-unit washer/dryer, original hardwood flooring, central air conditioning and heating, ceiling fans and ample windows for abundant natural light. • The building will also include four, one-car garages and two off-street parking spaces that will provide strong additional income. • 4000-4010 West Conejos Place is located within a five-minute walk of the Perry light rail station and connects residents to Union Station in downtown Denver to the east and the Denver Federal Center and Jefferson County Government Center to the west.

New Home Sales Hours

Courtesy Of CBRE, Inc.
Source: REcolorado

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Upcoming Open Houses

    Features

    Leasing Information

    Leasing Details
    • Application Fee $
    • Availability Date
    • Corporate Rental?
    • Deposits Potentially Refundable
    • Existing Lease Type
    • Lease Amount $
    • Lease Description
    • Lease Duration
    • Liability Insurance Required
    • Owner Pays Internet
    • Rent Deposit
    • Rental Application
    • Security Deposit $
    Pet Details
    • Pet Deposit
    • Pet Rent
    • Pets Allowed

    Interior Features

    Summary

    • Year Built Effective 2019
    Basement Details
    • Basement? No
    • Basement
    • Basement Ceiling Height
    Fireplace Detail
    • Fireplace Features
    • No. of Fireplaces
    Square Foot Details
    • SqFt 4,900
    • Living Area, Finished
    • Above grade, Finished
    • Basement, Finished
    • Basement, Unfinished
    • PSF Total $387.76
    • PSF Finished $
    • PSF Above Grade $
    Use details
    • Leaseable Area 4900.00
    • Office Area
    • Retail Area
    • Warehouse Area
    Other
    • Accessibility Features
    • Appliances
    • Building Class Class A
    • Building Features
    • Ceiling Height
    • Common Walls
    • Exclusions Any tenant belongings.
    • Flooring
    • Furnished
    • Interior Features
    • Laundry Availability
    • Security Features Fire Sprinkler System
    • Spa Features
    • Window Features

    Room Details

    Bathroom Details Total Bathrooms:
    Bathroom Location Details
    Bedroom Location Details Total Bedrooms:
    More Room Details

    Unit Information

    Summary

    • Number of Units 5
    • Number of Units Furnished 2
    • Number of Units Vacant 2
    • Unit Features
    Single Unit Details
    • Unit Type 2 Bedroom
    • Total Units 4
    • Average Rent
    • Average SqFt 1100.00
    • Dishwashers
    • Washers
    • Dryers
    • Hookups
    • Refrigerators
    • Stoves
    • Air Conditions
    • Fireplaces
    • Storage Units
    • Description
    • Actual Rent
    • Total Rent
    • Bedrooms Per Unit
    • Bathrooms per Unit
    • Parking Per Unit
    • Unit Type Studio
    • Total Units 1
    • Average Rent
    • Average SqFt 500.00
    • Dishwashers
    • Washers
    • Dryers
    • Hookups
    • Refrigerators
    • Stoves
    • Air Conditions
    • Fireplaces
    • Storage Units
    • Description
    • Actual Rent
    • Total Rent
    • Bedrooms Per Unit
    • Bathrooms per Unit
    • Parking Per Unit

    Exterior/Lot Features

    Summary

    • Available Elevations
    • Entry Location
    • Faces
    • Horse Amenities
    • Horse Property
    • Levels Two
    • Stories 2
    • Structure Type Free Standing
    • Unit Floor #
    • View
    Builder Details
    • Builder
    •  
    • Completion Time From Groundbreaking
    • Model Type
    Construction details
    • Architecture
    • Construction Materials Brick
    • Foundation Details
    • Roof Composition
    Exterior Details
    • Dock Features
    • Door Features
    • Exterior Features
    • Fencing
    • Number of Docks
    • Number of Doors
    • Number of Storage Units
    • Other Equipment
    • Other Structures
    • Patio And Porch Features
    • Pool Features
    • Ski Features
    Livable Structure Details
    Lot Details​​​​​​​
    • Acres Leased
    • Crop Acres
    • Cultivated Acres
    • Features Corner Lot
    • Irrigated Acres
    • Lot Number
    • Lot Size Acres 0.12
    • Lot Size Dimensions
    • Lot Size SqFt 5,253
    • Sq Ft
    • Pasture Acres
    • Price Per Acre $15,833,333.33
    • Vegetation
    • Waterfront Features
    Mobile Details
    • Make
    • Model
    • Body Type
    • Exterior Dimensions x
    • Skirt
    Outbuilding details
    Road details
    • Access Public Road
    • Road Responsibility
    • Road Surface Paved

    Parking/Garage

    Parking Space Summary

    • Parking Features
    • Total Parking Spaces 6
    • Garage Spaces
    • Total Carport Spaces
    • Total Offstreet Spaces 2
    • Total Reserved Spaces 0
    • Total RV Spaces 0
    Parking Space Details

    Utilities & Green Home Features

    Summary

    • Cooling
    • Green Energy Efficient
    • Heating
    • HVAC Description
    Green Ratings
    Power Production Details
    Sewer
    • Sewer Public Sewer
    • Sewer Fee
    • Sewer Tap Paid YN
    Utilities details
    • Electric Service
    • Gas Tap Fee
    • Gas Tap Paid YN
    • Utilities Cable Available,Electricity Connected,Natural Gas Connected,Sewer Connected
    Water / Well
    • Irrigation Source
    • Issued Well Permit Numbers
    • Water Available 1
    • Water Source Public
    • Well Type
    • Well Usage
    • Water Fees
    • Water Tap Paid?
    • Water/Mineral Rights

    Association Information

    HOA Summary

    • Amenities Completed
    • Amenities Opening
    • Association Amenities
    • Association(s) No
    • HOA Fee Includes
    • Total Annual HOA Fees $0
    1st HOA
    • HOA
    • Type
    • Fee $
    • Phone
    • Total Annual Fee $0.00
    • Website
    2nd HOA
    • HOA
    • Type
    • Fee $
    • Phone
    • Total Annual Fee $0.00
    • Website
    3rd HOA
    • HOA
    • Type
    • Fee $
    • Phone
    • Total Annual Fee $0.00
    • Website
    Restrictions & Covenants
    • Pets Allowed
    • Rentals Allowed
    • Restrictions
    • Restrictions Other
    • Restrictions/Covenants? No

    Financial Considerations

    Summary

    • Cap Rate 7.16
    • Cap Rate Calculation Based on 2019 financials.
    Actual expense details
    • Operating Expense $50053.00
    Commission Information
    • Buyer Agency Compensation 2.80%
    • Transaction Broker Compensation 2.80%
    • Compensation Offered
    • Dual Variable Compensation No
    • Commission Modified NA
    • Closing Comments
    Income details
    • Actual Annual Net Income $136,043
    • Gross Income $186,096
    • Income Includes
    • Income Includes Description
    Landleasing details
    • Land Lease Amount
    • Land Lease Amount Frequency
    • Land Lease?
    Projected
    • Other Annual Income $
    • Potential Rental Income Annual $
    • Projected Annual Expense $18,991
    • Projected Annual Net Income $99,668
    • Projected Gross Income $118,659
    • Projected Gross Operating Income $
    • Projected Gross Scheduled Income $
    • Vacancy Credit Losses
    Tax details
    • Annual Tax $3,491
    • Legal Description GAVIN ADD BLK1 L15 & 16
    • Tax Exemptions
    • Tax ID 0231425040000
    • Tax Year 2018
    Other
    • Tenant Pays
    • Utilities Metering
    • Utilities Paid By Tenant

    Neighborhood

    Summary

    • Building Name
    • Development Name
    • Park Name
    • Senior Community No
    • Subdivision
    New Home Community
    • Community Description
    • Community MLS #
    • Community Name
    • Community Opening
    • Community Website
    • Current Promotions
    • Development Status
    • Directions from Agent
    • Move In Date
    • New Home Available Options
    • New Home Land MLS #
    • New Home Plan MLS #
    Zoning Details
    • Current Use Multi-Family
    • Incorporated? No
    • Zoning U-MS-5
    • Zoning Jurisdiction

    Other

    Business Details
    • Business Amenities
    • BusinessDescription
    • BusinessType
    • Year Established
    History
    • Original List Price $1,900,000
    Partial Ownership Details
    • Partial Ownership Amount
    • Week Remarks
    • Weeks Available
    Other
    • Home Warranty
    • Ownership
    • Possession Closing/DOD
    • Special Listing Conditions None Known
    • Year Built 1941

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    School Zone

    District:
    Schools: Elementary School, High School, Middle School

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    Walk Score

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    0 description summary
    Walk Score

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