427 S Lincoln, Denver, CO 80209
Local realty services provided by:LUX Real Estate Company ERA Powered
427 S Lincoln,Denver, CO 80209
$789,000
- 2 Beds
- 3 Baths
- 2,352 sq. ft.
- Multi-family
- Active
Listed by: greg cunningham
Office: grace management & invest.
MLS#:2419981
Source:ML
Price summary
- Price:$789,000
- Price per sq. ft.:$335.46
About this home
Outstanding value-add investment opportunity on a rare double lot in a prime central Denver location! Originally built as a single-family home, this property was converted into a four-unit income property featuring a studio, one-bedroom, two-bedroom, and three-bedroom unit, offering a diverse unit mix and multiple income streams.
Three of the four units are currently tenant occupied, providing immediate rental income. The fourth unit, a three-bedroom basement unit, is vacant following foundation repairs and is ready for the next owner to complete the renovation. With the remaining improvements finished, the property offers an excellent opportunity to increase rental income and build additional equity.
Situated on a double lot, the property features a large off-street parking area with space for approximately six vehicles—a valuable amenity in central Denver. Conveniently located near South Broadway, downtown Denver, shopping, restaurants, parks, public transportation, and major commuter routes, this property presents an excellent opportunity for investors seeking immediate cash flow with significant upside potential. Property is being sold AS-IS....
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Home facts
- Year built:1925
- Subdivision & Development:South Broadway
- Listing ID #:2419981
Rooms and interior
- Bedrooms:2
- Total bathrooms:3
- Flooring:Carpet, Laminate, Linoleum, Vinyl
- Basement Description:Finished, Full
- Living area:2,352 sq. ft.
Heating and cooling
- Heating:Baseboard
Structure and exterior
- Roof:Composition
- Year built:1925
- Building area:2,352 sq. ft.
- Lot Features:Level, Near Public Transit
- Construction Materials:Frame
- Levels:1 Story
Schools
- High school:South
- Middle school:Grant
- Elementary school:Lincoln
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$789,000
- Price per sq. ft.:$335.46
- Tax amount:$4,360
Parking
- Parking description:Driveway-Gravel
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