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929 S Raleigh Street

Denver, CO 80219
  • $475,000
  • STATUS: Closed
  • ON SITE: 94 Days
  • MLS #: 6779557
Sold - 11/24/2021
$475,000
SOLD - 11/24/2021
  • 2
    BEDS
  • 0.15
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 1,842
    SQFT
  • $258
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1936
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:
Offered by Keller Williams Advantage Realty Llc.

Description

Rare investment opportunity in the highly desirable Denver location. This property is packed with 2 units of 2 bed-1 bath currently rented for $1350,$1300, and a non-conforming basement studio type currently rented for $700. Unit 1 and 2 are equipped with a dishwasher, heat-gas, laundry room/ hookups, refrigerator, stove, and oven. The basement studio comes with a laundry room/ hookups, refrigerator, stove, and oven. This prime location provides quick access to downtown Denver, highways, Light Rail station, Belmar Shopping Center, and the Broncos Stadium. Great income-producing rental property and currently believed to be rented under market value. HUGE ADDITIONAL UPSIDE POTENTIAL. The current annual net income is $30,800. Projected Annual Net Income of $32,600 and Cap Rate of 6.5% advertised is based on conservatively increased rents. All three units have great tenants and have maintained the property very well. Come get this great rental property for any buyer! One of the units includes square footage that used to be a garage. Buyer to confirm all square footage since it doesn't match public records and is approximate. PLEASE CALL ROXANE WEBSTER AT 303-759-8522 WITH QUESTIONS AND SUBMIT ALL CONTRACTS' TO ROXANE@MYHOMETEAMDENVER.COM.

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Licensed in the State of Colorado, USA

The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (IDX) program of METROLIST, INC., DBA RECOLORADO®. Real estate listings held by brokers other than Bliss Realty Group are marked with the IDX Logo. This information is being provided for the consumers’ personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

1. This publication is designed to provide information regarding the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

2. The information contained in this publication is subject to change without notice. METROLIST, INC., DBA RECOLORADO MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC., DBA RECOLORADO SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

3. PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.

4. METROLIST, INC., DBA RECOLORADO will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.

5. ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. The information contained herein including but not limited to all text, photographs, digital images, virtual tours, may be seeded and monitored for protection and tracking.

© 2021 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved 6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA

www.blissrealtygroup.com/homes/121147189
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929 S Raleigh Street Denver, CO 80219

  • Price: $475,000
  • Status: Closed
  • On Site: 94 Days
  • MLS #: 6779557
2
Beds
3
Baths
0
½ Baths
0.15
Acres
1,842
SQFT
$258
$/SQFT
1936
Built
Neighborhood:
Kentucky Gardens
County:
Denver
Area:
Denver
Elementary School:
Castro
Middle School:
Compass Academy
High School:
Abraham Lincoln
School District:
Denver 1
Property Description
Rare investment opportunity in the highly desirable Denver location. This property is packed with 2 units of 2 bed-1 bath currently rented for $1350,$1300, and a non-conforming basement studio type currently rented for $700. Unit 1 and 2 are equipped with a dishwasher, heat-gas, laundry room/ hookups, refrigerator, stove, and oven. The basement studio comes with a laundry room/ hookups, refrigerator, stove, and oven. This prime location provides quick access to downtown Denver, highways, Light Rail station, Belmar Shopping Center, and the Broncos Stadium. Great income-producing rental property and currently believed to be rented under market value. HUGE ADDITIONAL UPSIDE POTENTIAL. The current annual net income is $30,800. Projected Annual Net Income of $32,600 and Cap Rate of 6.5% advertised is based on conservatively increased rents. All three units have great tenants and have maintained the property very well. Come get this great rental property for any buyer! One of the units includes square footage that used to be a garage. Buyer to confirm all square footage since it doesn't match public records and is approximate. PLEASE CALL ROXANE WEBSTER AT 303-759-8522 WITH QUESTIONS AND SUBMIT ALL CONTRACTS' TO ROXANE@MYHOMETEAMDENVER.COM.
Exterior Features

Attached Garage YN No Carport Spaces 0 Carport YN No Covered Spaces 0 Garage YN No Lot Features Level Lot Size Area 0.15 Lot Size Square Feet 6350 Parking Total 6 Roof Composition Structure Type Triplex

Interior Features

Appliances DishwasherOvenRangeRefrigerator Basement FinishedPartial Basement YN Yes Below Grade Finished Area 392 Cooling None Flooring CarpetLaminateTile Heating Forced AirNatural Gas Heating YN Yes Laundry Features In Unit Levels One Living Area Sq Ft 1842

Property Features

Above Grade Finished Area 1450 Association YN No Building Area Source Public Records Buyer Financing ConventionalFha Construction Materials BrickFrame Contingency None Known Exclusions Tenant's Personal Property Listing Terms CashConventionalFhaVa Loan Ownership Individual Possession Closing Property Sub Type Triplex Senior Community YN No Sewer Public Sewer Special Listing Conditions None Tax Annual Amount 2090 Tax Year 2020 Utilities Cable Available Water Source Public Zoning E-Su-D1x

Listing courtesy of Keller Williams Advantage Realty Llc: MLS #6779557


Licensed in the State of Colorado, USA

The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (IDX) program of METROLIST, INC., DBA RECOLORADO®. Real estate listings held by brokers other than Bliss Realty Group are marked with the IDX Logo. This information is being provided for the consumers’ personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

1. This publication is designed to provide information regarding the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

2. The information contained in this publication is subject to change without notice. METROLIST, INC., DBA RECOLORADO MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC., DBA RECOLORADO SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

3. PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.

4. METROLIST, INC., DBA RECOLORADO will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.

5. ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. The information contained herein including but not limited to all text, photographs, digital images, virtual tours, may be seeded and monitored for protection and tracking.

© 2021 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved 6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA

 
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Bliss Realty Group
3500 John F. Kennedy Pkwy, Suite 205
Fort Collins CO, 80525
Offered by Keller Williams Advantage Realty Llc.