Active Under Contract

1280 N Race, Denver, CO, 80206

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Listing Provided Courtesy of Capital Property Group LLC

1280 N Race, Denver, CO, 80206

5 Beds
4 Baths
2,867 SqFt
0.07 Acres

Listing Id

REC3348094
$850,000

Value-Add quadplex one block away from Cheesman Park offered at a 5.87% cap rate.

Diverse unit mix consisting of one studio, two 1bds, and one 2bd. Two of these units have been recently renewed at higher lease rates.

New owner can increase income by renovating all units and increase rent.

Alley parking in the rear of the building.

Property Details
Price:
$850,000
MLS #:
REC3348094
Status:
Active Under Contract
Beds:
5
Baths:
4
Address:
1280 N Race
Type:
Quadplex
Structure:
Quadruplex
Subdivision:
Wymans
City:
Denver
State:
CO
Finished Sq Ft:
2,867
Total Sq Ft:
2,867
ZIP:
80206
Lot Size:
3,125 sqft / 0.07 acres (approx)
Year Built:
1894
Interior
Cooling
None
Heating
Forced Air
Exterior
Construction Materials
Brick
Parking Spots
3
Roof
Composition
Schools
School District:
Denver 1
Elementary School:
Bromwell
Middle School:
Morey
High School:
East
Financial
Buyer Agent Compensation
2%
Tax Year
2024
Taxes
$5,988

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disclosure
Courtesy of Capital Property Group LLC. Disclaimer: All data relating to real estate for sale on this page comes from the IDX program of REcolorado. Detailed information about real estate listings held by brokerage firms other than milehimodern include the name of the listing broker. Neither the listing company nor milehimodern shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. . All rights reserved.
Rover IDX
1280 N Race
Denver, CO