1554 N Pennsylvania St - Apartments FOR SALE


Denver, CO 80203- Uptown Denver
$1,100,000 USD
720-201-2755
1554 N Pennsylvania St, Denver, CO for Sale
$1,100,000 USD
Apartments - FOR SALE
1/32
null | 5.32% Cap Rate

1554 N Pennsylvania St
Denver, CO 80203
Uptown Denver


HIGHLIGHTS

  • Live, Work, Rent! 6 bedroom Duplex - Completely Remodeled C-MX-8 Zoning

OVERVIEW

Prime Investment Opportunity–Live, Work, Rent! You must see this versatile up/down duplex in Capitol Hill with C-MX-8 mixed-use zoning, this property offers incredible income potential for investors or owner-occupants. Currently leased at $5,800/mo.+utilities, a new owner can continue this arrangement or occupy one unit while renting the other short-term (with a STR license) to potentially generate $8,000+/mo., or use all or part of the property as office space. This 6-bedroom property plus an office features an open plan on the main level with two beautifully updated bedrooms and a bath. Hardwood floors throughout, original pocket doors, leaded glass and built-in details alongside exposed brick and updated tile and lighting. The designer kitchen is stunning! Perfect for entertaining with a Thermador 48” gas range w/ dual ovens, white shaker-style cabinetry, soapstone-look counters (granite) and plenty of peninsula seating plus an island..a space worthy of homes at twice the price! Historic lath board was used as a fun nod to the past. Designer treatments and wall coverings. The upper level includes three bedrooms (one non-conforming), two beautiful baths (one a primary en-suite), and full updated kitchen. Private front and rear entrances. The finished basement has been updated as well and is gorgeous extra living space! Enjoy having a two-car detached garage and fully fenced front and back yards. With dual addresses (1552-1554) and separate electric meters, the property has been used as a residence, office space, and as a short-term rental. Located near the Capitol and Presbyterian St. Lukes Medical Center with quick access to dining and nightlife options downtown and uptown and within close proximity to City Park, Cheesman Park, the Botanic Gardens and Cherry Creek North this property is a prime investment opportunity with so many options for its new owner. Don’t miss out—whether you’d like to invest, live, and/or work here, this property is a rare find.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$359 USD /SF

# OF UNITS

2

PRICE/UNIT

$550,000

CAP RATE

5.32%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1893

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

C-MX-8

APN/PARCEL ID

2349-25-005

ASK ABOUT THIS PROPERTY

Casey MillerLIV Sotheby’s International RealtyMore Info
720-201-2755

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Casey MillerLIV Sotheby’s International RealtyMore Info
720-201-2755

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.