$890,000
$995,000
10.6%For more information regarding the value of a property, please contact us for a free consultation.
3 Beds
2 Baths
2,605 SqFt
SOLD DATE : 08/25/2023
Key Details
Sold Price $890,000
Property Type Single Family Home
Sub Type Attached Dwelling
Listing Status Sold
Purchase Type For Sale
Square Footage 2,605 sqft
Subdivision Capitol Hill
MLS Listing ID 6581479
Sold Date 08/25/23
Bedrooms 3
HOA Y/N false
Abv Grd Liv Area 3,336
Originating Board REcolorado
Year Built 1886
Annual Tax Amount $4,237
Lot Size 3,920 Sqft
Acres 0.09
Property Description
1330 Downing St. is a stunning 4-unit converted mansion in Denver's highly coveted Capitol Hill neighborhood. The building exterior boasts a rare facade built from rhyolite stone locally sourced in Castle Rock, CO. The interior is equally impressive with spacious layouts, 10+ foot ceilings and large windows that flood the apartments with natural light.
The property presents plenty of value-add opportunity as the owner currently occupies the 2br/1ba unit and is receiving well below market rent for the other three units. Another unit is also on a month to month leases which will allow the new owner to immediately
increase rents or begin renovations.
An investor can cashflow a well-kept building in an A+ location or make cosmetic updates to the units and increase rents considerably. Common area laundry in the basement, a communal backyard and 3 off-street parking spaces round out this
investment opportunity.
Location
State CO
County Denver
Area Metro Denver
Zoning U-RH-3A
Rooms
Basement Unfinished
Interior
Heating Baseboard
Appliance Refrigerator
Laundry Common Area
Exterior
Exterior Feature Balcony
Garage Spaces 3.0
Fence Fenced
Utilities Available Electricity Available
Waterfront false
Roof Type Flat
Porch Deck
Building
Faces West
Story 2
Sewer City Sewer, Public Sewer
Water City Water
Level or Stories Two
Structure Type Brick/Brick Veneer,Stone
New Construction false
Schools
Elementary Schools Dora Moore
Middle Schools Dora Moore
High Schools East
School District Denver 1
Others
Senior Community false
SqFt Source Assessor
Special Listing Condition Private Owner
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201 Coffman Street # 1902, Longmont, Colorado, 80502, United States