254 Delaware St - Apartments FOR SALE


Denver, CO 80223- Baker
$1,695,000 USD
303-917-7144
254 Delaware St, Denver, CO for Sale
$1,695,000 USD
Apartments - FOR SALE
1/57
null | 5.68% Cap Rate

254 Delaware St
Denver, CO 80223
Baker


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

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.

FOR SALE DETAILS

PRICE

$1,695,000 USD

PRICE/SF

$292 USD /SF

# OF UNITS

4

PRICE/UNIT

$423,750

CAP RATE

5.68%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

254, 256, 258 & 260 Delaware

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1927

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,379 SF

ZONING

U-RH-2.5

APN/PARCEL ID

05102-29-020-000

ASK ABOUT THIS PROPERTY

Andrew DarlingtonYour Castle Real EstateMore Info
303-917-7144

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Andrew DarlingtonYour Castle Real EstateMore Info
303-917-7144

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