1015 S Eliot #4, Denver, CO 80219
Local realty services provided by:ERA New Age
1015 S Eliot #4,Denver, CO 80219
$975,000
- 8 Beds
- 8 Baths
- 5,043 sq. ft.
- Single family
- Active
Listed by: leroy lutu
Office: exp realty, llc.
MLS#:9735734
Source:ML
Price summary
- Price:$975,000
- Price per sq. ft.:$193.34
About this home
Well-maintained 4-unit investment opportunity in a centrally located Denver neighborhood with strong rental demand and value-add potential. The property consists of four 2-bedroom, 1-bath units in a two-story, walk-up building with dedicated off-street parking and direct exterior unit entrances.
Three units are currently occupied (all June 1st expirations), providing a new owner to renew current leases, capturing the immediate income, while one unit is vacant and fully renovated, featuring new drywall, fresh paint, new carpet, and updated appliances — ideal for an owner-occupant or to lease at market rent; or provides a new owner an opportunity to not renew the remaining tenants and have a fully vacant 4-unit building to reposition.
The asset offers a compelling blend of in-place cash flow and upside through rent increases, with similar units in the area supporting higher rental rates. Recent improvements and ongoing exterior cleanup enhance the property’s appeal and reduce near-term capital needs.
Located with convenient access to major corridors, public transportation, and neighborhood amenities, this property presents an excellent opportunity for investors seeking a stable, small multifamily asset with operational upside....
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Home facts
- Year built:1979
- Subdivision & Development:Athmar Park
- Listing ID #:9735734
Rooms and interior
- Bedrooms:8
- Total bathrooms:8
- Full bathrooms:4
- Half bathrooms:4
- Flooring:Carpet, Vinyl
- Kitchen Description:Cooktop, Dishwasher, Disposal, Microwave, Pantry, Refrigerator
- Living area:5,043 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Forced Air
Structure and exterior
- Year built:1979
- Building area:5,043 sq. ft.
- Lot Features:Level
- Architectural Style:Modular
- Construction Materials:Concrete, Frame
- Exterior Features:Garden, Lighting, Patio, Private Yard, Rain Gutters, Spa/Hot Tub
- Levels:2 Story
Schools
- High school:Abraham Lincoln
- Middle school:Kepner
- Elementary school:Goldrick
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$975,000
- Price per sq. ft.:$193.34
- Tax amount:$6,545
Features and amenities
- Laundry features:Dryer, In Unit, Washer
- Amenities:Double Pane Windows, Window Coverings
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