6205 E Ohio Ave - Apartments FOR SALE


Denver, CO 80224
$999,000 USD
720-985-4044
6205 E Ohio Ave, Denver, CO for Sale
$999,000 USD
Apartments - FOR SALE
1/36
null | 6.44% Cap Rate

6205 E Ohio Ave
Denver, CO 80224


HIGHLIGHTS

  • Lease Option
  • Owner Carry
  • Will Trade

OVERVIEW

HOUSE HACK with OWNER FINANCING or BETTER yet, LEASE with OPTION TO BUY. LIVE IN ONE UNIT, RENT THE OTHERS!! This well-maintained three-unit property really has a lot going for it. It’s in a great location, walkable to the grocery store, shopping center, restaurants and salons, close to the Cherry Creek Trail and Garland Park. In addition to the three rental unit’s there are two 10 x 10 sheds and 3 garage spaces. Unit Mix: (Unit A) Three bedroom / two full bathroom with 1 car garage and 1 space carport. (Unit B) Two-bedroom / one-bath. (Unit C) Two-bedroom / one-bath. (Garage Unit) Attached two car garage. (Two) 8 x 10 Sheds The 3 bed / 2 bath (Unit A) is the largest just under 1500 sq ft, renovated in 2022, features hardwood floors, newer kitchen, appliances, paint, lights and offers a small fenced in yard perfect for summer BBQ’s. You’ll be surprised at how large the unit feels with this open layout. Attached to this unit is a 1 car garage and carport allowing for flexible parking/storage options. View it here @ tinyurl.com/6205Ohio The up/down Duplex (Units B and C) are on the East side of the property both are 2bed / 1 bath approximately 950 sqft. The lower unit (C) is currently being renovated and is available for showings. There are 4 off-street parking spaces in front of the units. In addition to these 3 rental units, is a standard 2 car Garage which is leased and two 8 x 10 sheds are on the east side of the property. The units are individually metered for electric and natural gas, master metered for water, and sewer. The building has been repainted in the last 3 years. The landscaping and exterior is simple and requires low maintenance. This property is located in a solid south Denver sub-market with low vacancy. Financing Terms: A minimum downpayment of 10% and Owner Carry starting at 8.25%. Flexible loan terms allow for amortization over 20 to 50 years (this is totally up to you), allowing you to adjust according to your financial preferences. Interest Only terms also available. Please contact Adam Cole 720-985-4044 at AdamCole@Realtor.com for rent roll and financials.

FOR SALE DETAILS

PRICE

$999,000 USD

PRICE/SF

$301 USD /SF

# OF UNITS

3

PRICE/UNIT

$333,000

CAP RATE

6.44%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1973

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,800 SF

ZONING

S-RH-2.5

APN/PARCEL ID

5253-14-007

ASK ABOUT THIS PROPERTY

Adam ColeKeller Williams RealtyMore Info
720-985-4044

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Adam ColeKeller Williams RealtyMore Info
720-985-4044

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