254, 256, 258 & 260 Delaware

4 Unit Apartment Building | $1,849,000 ($462,250/Unit) | 5.22% Cap Rate | Denver, CO 80223

Asking Price $1,849,000

Property Type: Multifamily
Square Feet: 5,810 SF

Listing Contacts

Andrew Darlington

Verified Profile

Property Info

Property Overview

Traditional Side-by-Side Red Brick Quadplex in Premium Baker Location with Four Car Garage on 9,379 Sq Ft Lot. Spacing Between the Duplexes, so Each Unit Only has One Attached Wall. All Units Now Vacant for Easy Project Management and Economies of Scale. For Immediate Highest and Best ROI, Parcel Split and Sell Individually. Or, Retain as an Income Producing Rental Plus the Option of Living in One Unit and Renting the Other Three. Further, Garage Could Be Scraped with New Multi-Unit Constructed or Garages Rented Separately. Unit #254 is a Blank Slate that Has Been Used as Storage. Period Details Abound Featuring High Ceilings, Tall Baseboards, Original Hardwoods, Solid Doors, Tiled Fireplaces, Wood Mantels, Clawfoot Tubs and Classic Stain Grade Millwork. Spacious Kitchens Featuring Voluminous Cabinetry and Compatible for a Large Island. Formal Dining Room, Large Living Area and Good Sized Bedrooms. Basements Accessible from the Interiors and Provide Abundant Storage or Easy Conversion to Finished Space. Full Basements in #258 & #260, Already with Partially Finished Spaces. Basement Bedroom and Rough-In Plumbing in #258 and Quarter Bath in #260 Basement. Private Fenced Yards and Covered Front Porches. Dedicated Garage Space Per Unit if Reconfigured. Walker's Paradise to Broadway, Shops, Restaurants, Parks, Yoga, Gyms and Retail. Close Proximity to Downtown and Wash Park with Easy Access to Major Thoroughfares. Multiple Investment Opportunities for this Vintage Charmer.

Property Details

Class: C
Year Built: 1927
Stories: 2
Lot Size (sq. ft): 9,583 SF
Units: 4

Highlights

Parcel Split Opportunity for Immediate Highest & Best ROI
High Demand Walkable Neighborhood
4 Car Garage
Possibility to Demo Garage & Build Duplex
Vintage Details
Multiple Investment Strategies

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