2741 W 12th Avenue
Denver, CO 80204
2456 sqft | 8 beds | #9077920
Description
EXCELLENT OPPORTUNITY AT BOTH A 6.9 CAP (projected, rents go up in the fall at lease renewal to the 2024 rates) & FUTURE DEVELOPMENT POTENTIAL WITH C-MX-5 ZONING! Duplex property located in Sun Valley Neighborhood, 4 bedrooms per side, rents go up in the fall at lease renewal – section 8 4 bedrooms 2024 fair market value is $3,548 per unit. Property is currently rented with 4-bedroom Section 8 Vouchers, rent payments are guaranteed on the first of the month via direct deposit. Property has been stabilized for 8 years straight and is great for cash flow while future development entitlements are finalized. PLEASE DO NOT BOTHER TENANTS, NO SHOWINGS UNTIL A CONTRACT IS SUBMITTED.
Property Details
- Property TypeMulti-Family
- Sewer InformationPublic Sewer
- Middle SchoolStrive Lake
- SubdivisionSun Valley
- School DistrictDenver 1
- Elementary SchoolFairview
- Original List Price$900,000
- MLS #9077920
- MLS #9077920
- CountyDenver
- Taxes Annual$1,889
- Cost900000
- Property SubtypeDuplex
- Structure TypeDuplex
- High SchoolNorth
- Square Feet2456
- Year Built1894
- Bedrooms8
Location
Legal
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Last Updated: . Source: RECOLORADO
Listing Courtesy
Listing Agent: Nathan Adams (#REC04676N)
Listing Office: REDT LLC (#RECM2571)
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