Description
Terrific property in A+ LoHi location. This Victorian gem can easily be converted back to a single family residence from its current 3 unit apartment configuration!! Approximately 900 sf per unit, consisting of a garden-level basement apartment, a sprawling main level apartment, and a large apartment on the towering second floor. Each unit lives like a standalone dwelling. Each apartment has a front entrance off the foyer and an exit into the covered rear stairwell directly to the private backyard. Separately metered gas and electric with shared water. Three separate furnaces and water heaters. Professionally-landscaped grounds with a 6-zone sprinkler system for low maintenance. There is a tremendous opportunity to build instant equity upon refreshing the main floor and walkout basement units. $15,000 in recent upgrades invested into the upstairs apartment. Main floor and walkout basement units are currently on month-to month leases substantially under market rent. The hard part has already been taken care of with over $100,000 in recent exterior renovations. This presents a great opportunity for an investor as a long-term asset in a highly-appreciating neighborhood, or as a House Hacker who is looking to live in one unit and either short-term, medium-term, or long-term rent the other units. Location warrants high returns as an STR. The Walk Score is 94! Walk around the corner to Zuni Street Brewing, Forest Room 5, Linger, Little Man Ice-Cream, CorePower Yoga, or one of several local coffee spots. three brand new single family homes slatted to the south of the property will start construction in late 2023 early 2024.
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5BEDS
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0.09ACRES
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3BATHS
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01/2 BATHS
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2,841SQFT
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$316$/SQFT
School Information
Offered by Your Castle Realty Llc.Description
Terrific property in A+ LoHi location. This Victorian gem can easily be converted back to a single family residence from its current 3 unit apartment configuration!! Approximately 900 sf per unit, consisting of a garden-level basement apartment, a sprawling main level apartment, and a large apartment on the towering second floor. Each unit lives like a standalone dwelling. Each apartment has a front entrance off the foyer and an exit into the covered rear stairwell directly to the private backyard. Separately metered gas and electric with shared water. Three separate furnaces and water heaters. Professionally-landscaped grounds with a 6-zone sprinkler system for low maintenance. There is a tremendous opportunity to build instant equity upon refreshing the main floor and walkout basement units. $15,000 in recent upgrades invested into the upstairs apartment. Main floor and walkout basement units are currently on month-to month leases substantially under market rent. The hard part has already been taken care of with over $100,000 in recent exterior renovations. This presents a great opportunity for an investor as a long-term asset in a highly-appreciating neighborhood, or as a House Hacker who is looking to live in one unit and either short-term, medium-term, or long-term rent the other units. Location warrants high returns as an STR. The Walk Score is 94! Walk around the corner to Zuni Street Brewing, Forest Room 5, Linger, Little Man Ice-Cream, CorePower Yoga, or one of several local coffee spots. three brand new single family homes slatted to the south of the property will start construction in late 2023 early 2024.
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6455 S. Yosemite St., Suite 500
Greenwood Village, CO 80111 USA