1375 Jersey Street Bldg , Unit

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Sold Denver, CO 80220 MLS# 9002584 Sold by Tanner Johnson on 09/17/2021
$1,280,000
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Multi-Family Property Type
6 Bedroom
4 Bathroom
4 Garage
3798.00 Sq Ft
0.31 Acres
1941 Year Built

Overview

4 UNIT Multi-Family 13,500 SF LOT at 14th and Jersey FOR SALE: $1,200,000 PROPERTY HIGHLIGHTS • Large Corner Lot affords a multitude of development options • Walk to Mayfair Plaza, shops, restaurants, Mayfair Park and King Soopers • Lots of new development nearby • Short distance to Cherry Creek, Rose Hospital and 9+Colorado • E-MU-2.5 zoning allows for Rowhome, Townhome & Apartment form development • Highly sought-after Mayfair neighborhood UNIT FINANCIALS 1 BEDROOM $600/MONTH MTM 1 BEDROOM $900/MONTH Feb 2022 2 BED/1 BATH $800/MONTH MTM 2 BED/1 BATH/ADD. BEDROOM IN BASEMENT $1,148/MONTH MTM TOTAL INCOME $3,448/MONTH $41,376/YEAR TOTAL EXPENSES $20,449/YEAR

New Home Sales Hours

Courtesy Of Cushman & Wakefield
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 Cable TV,Electricity,Exterior Maintenance,Gas,Insurance,Other,Taxes,Trash Collection,Water
    • 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 Crawl Space,Partial,Unfinished
    • Basement Ceiling Height
    Fireplace Detail
    • Fireplace Features
    • No. of Fireplaces
    Square Foot Details
    • SqFt 3,798
    • Living Area, Finished 3,798
    • Above grade, Finished 3,798
    • Basement, Finished 0
    • Basement, Unfinished 0
    • PSF Total $337.02
    • PSF Finished $337.02
    • PSF Above Grade $337.02
    Use details
    • Leaseable Area
    • Office Area
    • Retail Area
    • Warehouse Area
    Other
    • Accessibility Features
    • Appliances Cooktop,Dishwasher,Disposal,Gas Water Heater,Microwave,Oven,Refrigerator
    • Building Class
    • Building Features
    • Ceiling Height
    • Common Walls
    • Exclusions All personal property of the tenants and seller.
    • Flooring Wood
    • Furnished
    • Interior Features
    • Laundry Availability Common Area,In Basement
    • Security Features
    • Spa Features
    • Window Features

    Room Details

    Bathroom Details Total Bathrooms: 4
    Bathroom Location Details
    Bedroom Location Details Total Bedrooms: 6
    More Room Details

    Unit Information

    Summary

    • Number of Units
    • Number of Units Furnished
    • Number of Units Vacant
    • Unit Features
    Single Unit Details
    • Unit Type
    • Total Units 4
    • Average Rent 862.00
    • Average SqFt 3798.00
    • Dishwashers
    • Washers
    • Dryers
    • Hookups
    • Refrigerators
    • Stoves
    • Air Conditions
    • Fireplaces
    • Storage Units
    • Description One 3bd/1ba, One 2bd/1ba & Two 1bd/1ba
    • Actual Rent
    • Total Rent
    • Bedrooms Per Unit
    • Bathrooms per Unit
    • Parking Per Unit

    Exterior/Lot Features

    Summary

    • Available Elevations
    • Entry Location Exterior Access
    • Faces
    • Horse Amenities
    • Horse Property
    • Levels One
    • Stories
    • Structure Type Quadruplex
    • Unit Floor #
    • View Mountain(s)
    Builder Details
    • Builder
    •  
    • Completion Time From Groundbreaking
    • Model Type
    Construction details
    • Architecture Bungalow
    • Construction Materials Brick
    • Foundation Details Concrete Perimeter
    • Roof Cement Shake
    Exterior Details
    • Dock Features
    • Door Features
    • Exterior Features Balcony,Barbecue,Garden,Gas Grill,Gas Valve,Lighting,Private Yard,Rain Gutters
    • Fencing Full,Partial
    • 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 Corner Lot,Landscaped,Level,Near Public Transit
    • Irrigated Acres
    • Lot Number
    • Lot Size Acres 0.31
    • Lot Size Dimensions
    • Lot Size SqFt 13,500
    • Sq Ft
    • Pasture Acres
    • Price Per Acre $4,129,032.26
    • Vegetation
    • Waterfront Features
    Mobile Details
    • Make
    • Model
    • Body Type
    • Exterior Dimensions x
    • Skirt
    Outbuilding details
    Road details
    • Access
    • Road Responsibility Public Maintained Road
    • Road Surface

    Parking/Garage

    Parking Space Summary

    • Parking Features
    • Total Parking Spaces 4
    • 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 Air Conditioning-Room
    • Green Energy Efficient
    • Heating Steam
    • 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,Phone Connected
    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 4.40
    • Cap Rate Calculation Cap rate based on projected NOI.
    Actual expense details
    • Operating Expense $20449.00
    • Operating Expense Includes Accounting,Insurance,Legal,Maintenance,Other,Personal Property Tax,Real Estate Tax
    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 $20,927
    • Gross Income $41,376
    • 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 $23,000
    • Projected Annual Net Income $52,960
    • Projected Gross Income $75,960
    • Projected Gross Operating Income $
    • Projected Gross Scheduled Income $
    • Vacancy Credit Losses
    Tax details
    • Annual Tax $5,170
    • Legal Description L 37 TO 40 INC & N 1/2 OF L 36 EXC REAR 5FT TO CITY BLK 113 COLFAX TERRACE
    • Tax Exemptions
    • Tax ID 6052-12-019
    • Tax Year 2019
    Other
    • Tenant Pays Electricity,Internet,Other,Telephone
    • Utilities Metering Common Gas,Common Water,Separate Electric,Shared Boiler
    • Utilities Paid By Tenant Direct Billing from Utility,Included in Rent

    Neighborhood

    Summary

    • Building Name
    • Development Name
    • Park Name
    • Senior Community No
    • Subdivision Mayfair
    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? Yes
    • Zoning E-MU-2.5
    • Zoning Jurisdiction

    Other

    Business Details
    • Business Amenities
    • BusinessDescription
    • BusinessType
    • Year Established
    History
    • Original List Price $1,200,000
    Partial Ownership Details
    • Partial Ownership Amount
    • Week Remarks
    • Weeks Available
    Other
    • Home Warranty
    • Ownership Individual
    • Possession
    • Special Listing Conditions None Known
    • Year Built 1941

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    School Zone

    District: Denver 1
    Schools: Palmer 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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