8120 E 16th Avenue Bldg , Unit

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Active Denver, CO 80220 MLS# 4964266 Listed by Paul Ko on 09/21/2022
$1,300,000
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Multi-Family Property Type
8 Bedroom
6 Bathroom
0 Garage
2994.00 Sq Ft
0.11 Acres
2022 Year Built

Overview

Opportunity Zone - 2 LEED Gold Certified For-Rent Units - Bulk Sale: 8120 E 16th Ave & 1591 Uinta St is a LiteHomes community perfectly set a short distance from all the amenities of Denver’s trendy downtown. The LEED Gold Certified homes are located just north of East Colfax Street in an up-and-coming neighborhood, ripe for redevelopment. The five duplex units will provide a total of 10 homes each offering one single-car detached garage per home. This is a brand new construction project that is being listed for sale as a rental portfolio. Construction is set to be completed in November 2022. This property is located in an Opportunity Zone, and the buyer can purchase pre-TCO to receive the tax credits. Link to fly-over video rendering: https://www.youtube.com/watch?v=n9QGqHNjsrA

New Home Sales Hours

Courtesy Of REDT LLC
Source: REcolorado

View On REcolorado

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
    • Rent Deposit
    • Rental Application
    • Security Deposit $
    Pet Details
    • Pet Deposit
    • Pet Rent
    • Pets Allowed

    Interior Features

    Summary

    • Year Built Effective
    Basement Details
    • Basement? No
    • Basement
    • Basement Ceiling Height
    Fireplace Detail
    • Fireplace Features
    • No. of Fireplaces
    Square Foot Details
    • SqFt 2,994
    • Living Area, Finished 2,994
    • Above grade, Finished 2,994
    • Basement, Finished
    • Basement, Unfinished
    • PSF Total $434.20
    • PSF Finished $434.20
    • PSF Above Grade $434.20
    Use details
    • Leaseable Area
    • Office Area
    • Retail Area
    • Warehouse Area
    Other
    • Accessibility Features
    • Appliances Convection Oven,Cooktop,Dishwasher,Disposal,Electric Water Heater,Microwave,Oven,Range,Refrigerator,Smart Appliances,Sump Pump
    • Building Class
    • Building Features
    • Ceiling Height
    • Common Walls
    • Exclusions None
    • Flooring
    • Furnished
    • Interior Features
    • Laundry Availability
    • Security Features Carbon Monoxide Detector(s),Smart Locks,Smoke Detector(s),Video Doorbell
    • Spa Features
    • Window Features

    Room Details

    Bathroom Details Total Bathrooms: 6
    Bathroom Location Details
    Bedroom Location Details Total Bedrooms: 8
    More Room Details

    Unit Information

    Summary

    • Number of Units
    • Number of Units Furnished
    • Number of Units Vacant
    • Unit Features
    Single Unit Details
    • Unit Type 4 Bedroom Or More
    • Total Units 1
    • Average Rent 3400.00
    • Average SqFt 1497.00
    • Dishwashers 1
    • Washers
    • Dryers
    • Hookups 1
    • Refrigerators 1
    • Stoves 1
    • Air Conditions 1
    • Fireplaces
    • Storage Units
    • Description 8120 E 16th Ave (Corner Unit)
    • Actual Rent
    • Total Rent
    • Bedrooms Per Unit 4
    • Bathrooms per Unit 3
    • Parking Per Unit 1
    • Unit Type 4 Bedroom Or More
    • Total Units 1
    • Average Rent 3400.00
    • Average SqFt 1497.00
    • Dishwashers 1
    • Washers
    • Dryers
    • Hookups 1
    • Refrigerators 1
    • Stoves 1
    • Air Conditions 1
    • Fireplaces
    • Storage Units
    • Description 1591 Uinta St (Corner Unit)
    • Actual Rent
    • Total Rent
    • Bedrooms Per Unit 4
    • Bathrooms per Unit 3
    • Parking Per Unit 1

    Exterior/Lot Features

    Summary

    • Available Elevations
    • Entry Location
    • Faces
    • Horse Amenities
    • Horse Property
    • Levels Two
    • Stories
    • Structure Type Duplex
    • Unit Floor #
    • View
    Builder Details
    • Builder RedT Homes
    •  
    • Completion Time From Groundbreaking
    • Model Type
    Construction details
    • Architecture
    • Construction Materials Cement Siding,Concrete,Frame
    • Foundation Details
    • Roof Architectural Shingles
    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
    • Irrigated Acres
    • Lot Number
    • Lot Size Acres 0.11
    • Lot Size Dimensions
    • Lot Size SqFt 5,000
    • Sq Ft
    • Pasture Acres
    • Price Per Acre $11,818,181.82
    • Vegetation
    • Waterfront Features
    Mobile Details
    • Make
    • Model
    • Body Type
    • Exterior Dimensions x
    • Skirt
    Outbuilding details
    Road details
    • Access
    • Road Responsibility
    • Road Surface

    Parking/Garage

    Parking Space Summary

    • Parking Features 220 Volts
    • Total Parking Spaces 2
    • Garage Spaces
    • Total Carport Spaces
    • Total Offstreet Spaces 0
    • Total Reserved Spaces 0
    • Total RV Spaces 0
    Parking Space Details

    Utilities & Green Home Features

    Summary

    • Cooling Central Air
    • Green Energy Efficient Appliances,Construction,Doors,HVAC,Insulation,Lighting,Thermostat,Water Heater,Windows
    • Heating Forced Air
    • HVAC Description
    Green Ratings
    Power Production Details
    Sewer
    • Sewer Public Sewer
    • Sewer Fee
    • Sewer Tap Paid YN
    Utilities details
    • Electric Service 220 Volts
    • Gas Tap Fee
    • Gas Tap Paid YN
    • Utilities
    Water / Well
    • Irrigation Source
    • Issued Well Permit Numbers
    • Water Available
    • 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 4.53
    • Cap Rate Calculation
    Actual expense details
      Commission Information
      • Buyer Agency Compensation 2%
      • Transaction Broker Compensation 2%
      • Compensation Offered
      • Dual Variable Compensation No
      • Commission Modified
      • Closing Comments
      Income details
      • Actual Annual Net Income $
      • Gross Income $
      • 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 $25,098.20
      • Projected Annual Net Income $56,501.80
      • Projected Gross Income $81,600
      • Projected Gross Operating Income $
      • Projected Gross Scheduled Income $
      • Vacancy Credit Losses
      Tax details
      • Annual Tax $927
      • Legal Description EAST COLFAX SUB BLK1 PT OF L43 & 44COM NE COR L47 S 79.98FT TPOB S 39.99FT W 124.99FT N 39.99FTE 124.99FT TPOB
      • Tax Exemptions
      • Tax ID 01334-21-025-000
      • Tax Year 2021
      Other
      • Tenant Pays
      • Utilities Metering
      • Utilities Paid By Tenant

      Neighborhood

      Summary

      • Building Name
      • Development Name
      • Park Name
      • Senior Community No
      • Subdivision East Colfax Sub
      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
      • Incorporated? No
      • Zoning E-TH-2.5
      • Zoning Jurisdiction

      Other

      Business Details
      • Business Amenities
      • BusinessDescription
      • BusinessType
      • Year Established
      History
      • Original List Price $1,300,000
      Partial Ownership Details
      • Partial Ownership Amount
      • Week Remarks
      • Weeks Available
      Other
      • Home Warranty
      • Ownership Builder
      • Possession Closing/DOD
      • Special Listing Conditions None Known
      • Year Built 2022

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      School Zone

      District: Denver 1
      Schools: Ashley Elementary School, George Washington High School, Hill Middle School

      Area Map

      Walk Score

      Bike Score

      Bike Score

      0 description
      Transit Score

      Transit Score

      0 description summary
      Walk Score

      Walk Score

      0 description
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