$2,100,000
3530 W Lehigh AVE Denver, CO 80236
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$2,100,000
Est. payment /mo
0.25 Acres Lot
UPDATED:
09/24/2024 03:41 PM
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 4952571
HOA Y/N No
Originating Board recolorado
Year Built 1972
Annual Tax Amount $4,507
Tax Year 2022
Lot Size 10,890 Sqft
Acres 0.25
Property Description
Attention savvy investors! Presenting a rare opportunity to acquire a meticulously remodeled multi-family building with nine units. This property boasts a prime location and impeccable features designed to maximize returns and tenant satisfaction.
Each unit has been tastefully renovated, offering a mix of three 2-bedroom units and six 1-bedroom units. The remodel in 2020 ensured modern living standards with brand new kitchens featuring new cabinets, stainless steel appliances, and granite countertops. Updated bathrooms, new flooring, in-unit washer and dryer and wall-mounted A/C units enhance comfort and appeal. Plus, one unit features handicap ramp access, ensuring inclusivity and compliance with accessibility standards.
Investors will appreciate the added value of recent upgrades including new fire sprinklers with monitoring, new plumbing, new electrical system and new sewer line. The property is equipped with a bike rack and provides ample parking with nine dedicated spots, plus street parking for tenants.
With a remarkable 100% occupancy rate since September 2020, this investment promises steady cash flow. Tenants enjoy the convenience of nearby public transportation, with the Light rail just 5 minutes away and a bus stop a mere 1 minute stroll. Additionally, the River Point shopping center is only 5 minutes away, adding to the property's desirability.
With a current rental license up to date and a desirable assumable loan at a competitive rate of 3.36% through March 2031, this property offers a turnkey solution for investors seeking a reliable income stream in the commercial housing market. Act now to seize this exceptional opportunity and elevate your investment portfolio! Schedule your viewing today.
Each unit has been tastefully renovated, offering a mix of three 2-bedroom units and six 1-bedroom units. The remodel in 2020 ensured modern living standards with brand new kitchens featuring new cabinets, stainless steel appliances, and granite countertops. Updated bathrooms, new flooring, in-unit washer and dryer and wall-mounted A/C units enhance comfort and appeal. Plus, one unit features handicap ramp access, ensuring inclusivity and compliance with accessibility standards.
Investors will appreciate the added value of recent upgrades including new fire sprinklers with monitoring, new plumbing, new electrical system and new sewer line. The property is equipped with a bike rack and provides ample parking with nine dedicated spots, plus street parking for tenants.
With a remarkable 100% occupancy rate since September 2020, this investment promises steady cash flow. Tenants enjoy the convenience of nearby public transportation, with the Light rail just 5 minutes away and a bus stop a mere 1 minute stroll. Additionally, the River Point shopping center is only 5 minutes away, adding to the property's desirability.
With a current rental license up to date and a desirable assumable loan at a competitive rate of 3.36% through March 2031, this property offers a turnkey solution for investors seeking a reliable income stream in the commercial housing market. Act now to seize this exceptional opportunity and elevate your investment portfolio! Schedule your viewing today.
Location
State CO
County Arapahoe
Zoning RC
Interior
Fireplace N
Exterior
Exterior Feature Lighting
Garage Asphalt
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected
Roof Type Membrane
Total Parking Spaces 27
Garage No
Building
Lot Description Corner Lot, Landscaped, Near Public Transit, Sprinklers In Front, Sprinklers In Rear
Sewer Public Sewer
Water Public
Structure Type Vinyl Siding
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed by HomeSmart • 720-226-4193
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