963 N Corona St - Multi-Family FOR SALE


Denver, CO 80218- Capitol Hill
$1,350,000 USD
303-263-6260
963 N Corona St, Denver, CO for Sale
$1,350,000 USD
Multi-Family - FOR SALE
1/7
null | 7.41% Cap Rate

963 N Corona St
Denver, CO 80218
Capitol Hill


HIGHLIGHTS

  • Fully renovated
  • Excellent Cap Hill location
  • Very functional charming units
  • Off-street parking
  • Extremely walkable

OVERVIEW

963 Corona St. is a fully renovated three-unit conversion. The asset comprises a main level unit featuring 4 bedrooms and 3 bathrooms, a 2-bedroom 1-bath basement unit, and a 2-bedroom 1-bath Accessory Dwelling Unit (ADU), which was constructed in 2017. The ADU is currently operated as an Airbnb, while the basement unit is utilized for mid-term rentals. The ADU also includes a 2-car garage that offers the 4-bedroom off-street secure parking. Buyer to verify, but it is understood that regulations allow an owner to live in the main unit, while renting an ADU on a short-term basis (less than 30 days). In other words, if a buyer was looking into moving into the primary dwelling unit, with proper approvals, it appears the buyer could continue to rent the ADU as an AirBnB and the basement on tenancies greater that 30 days. Denver Zoning Code (DZC) §11.12.7.7, §11.8.10; Former Chapter 59 (FC59) The entire property has undergone extensive renovations with modern amenities (charging station, heated floors, smart blinds), excellent design and includes solar. This property is well suited to either an investor or an individual that might want to live in a unit and rent the others as income to offset the mortgage.

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$408 USD /SF

# OF UNITS

3

PRICE/UNIT

$450,000

CAP RATE

7.41%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1909

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Kevin CalameNorthPeak Commercial AdvisorsMore Info
303-263-6260

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Kevin CalameNorthPeak Commercial AdvisorsMore Info
303-263-6260

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