1000 N Tennyson, Denver, CO 80204
Local realty services provided by:LUX Real Estate Company ERA Powered
1000 N Tennyson,Denver, CO 80204
$799,000
- 6 Beds
- 3 Baths
- 2,120 sq. ft.
- Multi-family
- Active
Listed by: robert lawson
Office: pinnacle real estate advisors
MLS#:2777251
Source:ML
Price summary
- Price:$799,000
- Price per sq. ft.:$376.89
About this home
Priced reduced again to attract strong interest! This is now priced below market for a quick sale! Seller is open to reviewing all offers. Triplex and Covered Land Play with Strong In-Place Income on a Rare 12,500 SF Double Lot. 1000 Tennyson St is a 3-unit situated on an oversized 12,500 SF double lot in one of Denver’s rapidly evolving urban corridors. This asset offers investors a compelling combination of stable cash flow today and significant future development upside. The property consists of three updated residential units plus a detached garage, generating $75,180 in annual gross income and $65,003 in NOI, equating to a 8.14% cap rate at the list price. All units have been updated over the ownership, providing immediate operational stability with minimal near-term capital requirements. Beyond the high cap rate/cash flowing income, the true value lies in the land. The oversized double lot creates a clear and executable path for redevelopment. By right, an investor can split the lot and construct two duplexes (4 total units) without rezoning. For those seeking higher density, the City has indicated the potential to develop up to 20 units with a successful rezoning, making this a prime long-term hold or redevelopment opportunity. Whether you’re an investor looking to land bank with strong yield, or a developer seeking a scalable infill project in a high-demand Denver location, 1000 Tennyson delivers flexibility, income, and upside....
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Home facts
- Year built:1943
- Subdivision & Development:Villa Park
- Listing ID #:2777251
Rooms and interior
- Bedrooms:6
- Total bathrooms:3
- Basement Description:Finished
- Living area:2,120 sq. ft.
Heating and cooling
- Cooling:Evaporative Cooling
- Heating:Forced Air
Structure and exterior
- Roof:Composition
- Year built:1943
- Building area:2,120 sq. ft.
- Lot Features:Corner, Level
- Construction Materials:Frame
Schools
- High school:North
- Middle school:Lake
- Elementary school:Cowell
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$799,000
- Price per sq. ft.:$376.89
- Tax amount:$3,729
Parking
- Garage spaces:2
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