Virtual Tour Sold Denver, CO 80203 MLS# 8568814 Sold by Kassidy Benson on 04/21/2020
$1,925,000
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Multi-Family Property Type
12 Bedroom
9 Bathroom
0 Garage
7971.00 Sq Ft
0.12 Acres
1886 Year Built

Overview

Vintage 7,971 sf Capital Hill Italian Villa with carriage house has been converted into 8 separate units with major income potential. [Watch the listing video: https://youtu.be/9pg5OcJSjQU]. Right now the owner lives in the grand main floor unit and long term rents the other five units in the main house. It is our estimate that the 2120 sf main floor unit could be rented for $2,800/m, The second story consists of a studio apartment (studio 286 sf, rents for $900/m), a 2 bed/1 bath (651 sf, rents for $1,700/m), and a 1 bed/1 bath (562 sf, rents for $1450/m). There is also an 1 bed/1 bath attic unit (1087 sf, rents for $1350) and a basement 1 bed/ 1 bath (579 sf, rents for $825). In the basement there is a washer and dryer for residents, storage area for the main unit, and the utility room. There is large carriage house that is currently used for AirBnB rentals with two additional units; from January 2019 to Oct 2019 the seller grossed $62K from these two units alone. The ground level carriage house unit is 1 bed/1 bath (624 sf) unit that has been utilized as a 30 day furnished rental on AirBnB. We estimate longterm rents to be approximately $1,600/m. The second floor of the carriage house is a 2 bed/ 1 bath unit (750 sf) with a spiral staircase entry and another internal spiral staircase to the lofted second bedroom. Estimated long term rental for the 2/1 second floor carriage house is $1,800/m. There is a peaceful courtyard between the main house and carriage house. In the driveway there is enough room to park 3 cars off the street; the owner currently charges $100 per off street parking space, but most tenants do not even own vehicles. Before scheduling a tour, please virtually explore: Units 1-5 (https://my.matterport.com/show/?m=DqK67y7H41k), basement unit (https://my.matterport.com/show/?m=2NW7xZpaukk), carriage house first floor unit (https://my.matterport.com/show/?m=KnZobZjZk9j) and carriage house second floor (https://my.matterport.com/show/?m=Ff1SyawMox5).

New Home Sales Hours

Courtesy Of Living Room Real Estate
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? Yes
    • Basement Partial
    • Basement Ceiling Height
    Fireplace Detail
    • Fireplace Features Circulating,Gas,Great Room
    • No. of Fireplaces 3
    Square Foot Details
    • SqFt 7,971
    • Living Area, Finished 7,388
    • Above grade, Finished 6,809
    • Basement, Finished 579
    • Basement, Unfinished 583
    • PSF Total $241.50
    • PSF Finished $260.56
    • PSF Above Grade $282.71
    Use details
    • Leaseable Area
    • Office Area
    • Retail Area
    • Warehouse Area
    Other
    • Accessibility Features
    • Appliances Convection Oven,Cooktop,Dishwasher,Disposal,Microwave,Oven,Range Hood,Refrigerator,Self Cleaning Oven
    • Building Class
    • Building Features
    • Ceiling Height
    • Common Walls
    • Exclusions All personal property belonging to the seller and the tenants.
    • Flooring
    • Furnished
    • Interior Features
    • Laundry Availability Common Area
    • Security Features
    • Spa Features
    • Window Features

    Room Details

    Bathroom Details Total Bathrooms: 9
    Bathroom Location Details
    Bedroom Location Details Total Bedrooms: 12
    More Room Details

    Unit Information

    Summary

    • Number of Units 8
    • Number of Units Furnished
    • Number of Units Vacant
    • Unit Features
    Single Unit Details

    Exterior/Lot Features

    Summary

    • Available Elevations
    • Entry Location Ground
    • Faces
    • Horse Amenities
    • Horse Property
    • Levels Two
    • Stories
    • Structure Type Mid Rise (4-7)
    • 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 Balcony
    • Fencing
    • Number of Docks
    • Number of Doors
    • Number of Storage Units
    • Other Equipment
    • Other Structures
    • Patio And Porch Features Covered,Deck,Front Porch,Patio
    • Pool Features
    • Ski Features
    Livable Structure Details
    Lot Details​​​​​​​
    • Acres Leased
    • Crop Acres
    • Cultivated Acres
    • Features
    • Irrigated Acres
    • Lot Number
    • Lot Size Acres 0.12
    • Lot Size Dimensions
    • Lot Size SqFt 5,160
    • Sq Ft
    • Pasture Acres
    • Price Per Acre $16,041,666.67
    • 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 Concrete
    • Total Parking Spaces 3
    • Garage Spaces
    • Total Carport Spaces
    • Total Offstreet Spaces 3
    • Total Reserved Spaces 0
    • Total RV Spaces 0
    Parking Space Details

    Utilities & Green Home Features

    Summary

    • Cooling Air Conditioning-Room,Central Air
    • Green Energy Efficient
    • Heating Baseboard,Electric,Forced Air,Hot Water
    • HVAC Description See notes
    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
    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
    • Cap Rate Calculation
    Actual expense details
      Commission Information
      • Buyer Agency Compensation 2.50%
      • Transaction Broker Compensation
      • Compensation Offered
      • Dual Variable Compensation No
      • Commission Modified NA
      • 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 $
      • Projected Annual Net Income $
      • Projected Gross Income $
      • Projected Gross Operating Income $
      • Projected Gross Scheduled Income $
      • Vacancy Credit Losses
      Tax details
      • Annual Tax $8,118
      • Legal Description PORTERS ADD B85 L14 & 15 & S/2 OF L13
      • Tax Exemptions
      • Tax ID 5031-20-010
      • Tax Year 2018
      Other
      • Tenant Pays
      • Utilities Metering
      • Utilities Paid By Tenant

      Neighborhood

      Summary

      • Building Name
      • Development Name
      • Park Name
      • Senior Community No
      • Subdivision South Capitol Hill
      New Home Community
      • Community Description
      • Community MLS #
      • Community Name
      • Community Opening
      • Community Website www.youtube.com/watch?v=9pg5OcJSjQU
      • Current Promotions
      • Development Status
      • Directions from Agent Use maps and please find street parking.
      • Move In Date
      • New Home Available Options Summary of HVAC: Unit #1 - Trane gas furnace for forced air heat and central air (new June 2007). Electric baseboard heat - Units #2, #3, #4 (replaced in 2019) and #5 (installed early 2000s) Attic Unit #5 has electric heat and air with auxiliary baseboard electric heat if needed (upgraded 2018) Carriage house units #7 & #8 have gas forced air and portable AC units
      • New Home Land MLS #
      • New Home Plan MLS #
      Zoning Details
      • Current Use
      • Incorporated? No
      • Zoning G-MU-5
      • Zoning Jurisdiction

      Other

      Business Details
      • Business Amenities
      • BusinessDescription
      • BusinessType
      • Year Established
      History
      • Original List Price $2,000,000
      Partial Ownership Details
      • Partial Ownership Amount
      • Week Remarks
      • Weeks Available
      Other
      • Home Warranty 0
      • Ownership Corporation/Trust
      • Possession Closing/DOD
      • Special Listing Conditions None Known
      • Year Built 1886

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      School Zone

      District: Denver 1
      Schools: Dora Moore Elementary School, East High School, Morey Middle School

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      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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