3203 Albion ST Active Save Request In-Person Tour Request Virtual Tour
Denver,CO 80207
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 7444077
Style Traditional
Year Built 1939
Annual Tax Amount $8,414
Tax Year 2023
Lot Size 0.430 Acres
Property Description
100% REMODELED/REBUILT 6 unit Legacy Multi-Fam in Park Hill. Take advantage of this property Being in an Opportunity Zone to avoid Cap Gains in a turn key completely Rehabbed property that will have no maintainance issues for a VERY long time. EVERYTHING has been replaced. HONEST 5.6 Cap Rate includes Operating Expenses, 3% Vacancy AND Management. ALL units are 100% electrified , Natural gas is available but not being used. Completely New Electric wiring and Electric Service, New HVAC in each unit with Central Air, ALL new plumbing supply lines and Drain lines, New Main Sewer Line and New Tap, New Roof on the House, Roof over garage is recent with 5 year cert, All new windows, doors, flooring, kitchen and bath finishes. New Sprinkler System in the front yard. Garage has new man doors and new garage doors with openers. All new fencing on the property. Each unit is set up so that it has its own garage and a fenced in private back yard. The 1 bed units have mulch in the back yard and the 2 larger 3 bed units have larger fenced in back yards with new hydroseed. Currently the property is vacant and the Parcel is in the process of being split but that could be put on hold for the future to keep taxes low. Cap Rate is based on Estimated Rents of $1,850 per 1 bed unit and $3,000 for the 3 bed units. These would be great rentals for CU Med students, young professionals wanted affordable but High End rentals in close proximity to downtown or the east side of town. This property is in an opportunity zone and since it has been completely overhauled it would make a perfect property to 1031 exchange into and avoid massive taxes. See the website here for more info: https://oedit.colorado.gov/colorado-opportunity-zone-program.
Location
State CO
County Denver
Zoning E-SU-DX
Exterior
Exterior Feature Dog Run
Garage Asphalt,Exterior Access Door,Lighted
Garage Spaces 6.0
Utilities Available Cable Available,Electricity Connected,Natural Gas Available
Roof Type Architecural Shingle
Building
Lot Description Corner Lot,Irrigated,Landscaped,Near Public Transit,Sprinklers In Front
Sewer Public Sewer
Structure Type Brick
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional