Elizabeth Calihan - Coldwell Banker Distinctive Properties
1725 Race Street
Denver, CO 80206

$1,290,000

Description

Proven income generator with ample upside in rents and the opportunity to add-value. Just steps from the famed 17th Avenue Restaurant Row, three blocks to City Park, and four blocks to the brand-new Carla Madison Recreation Center. The property is well appointed with a charming front porch, a private interior courtyard for tenants and xeriscape oriented landscaping. Additional opportunities for supplemental income at the property include on-site laundry, storage lockers, and an oversized garage with 3-individual garage bays. Building also has a large unfinished attic. The propertys prime location boasts a BikeScore of 98 -Bikers Paradise, a rare accolade, meaning most errands can be accomplished without a car. Surrounding demographics are well prepared to absorb increased rents, within a one-mile radius in 2018 average household income is $80,916, 70% of the population has attained a college degree or higher and the average home value is $482,743. *ESRI, ReColorado

Details

MLS#4975848
StyleIndustrial
Sub-TypeResale
StatusActive
Year1906
Days On Site61

Features

SQ Feet4,104
Story(s)1
Units6
ZoningG-RO-3

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Area Information

StateCO
CountyDenver
CityDenver
Zip Code80206
AreaDenver
Listing VS Median (in 80206)
Price:
$1,290,000
low | high
Med:
$795,000
88.372093023256% of Average
SqFt:
4,104
low | high
Med:
3,801
57.383040935673% of Average
$ / SqFt:
$314
low | high
Med:
$209
83.459371156917% of Average
On Site:
61
low | high
Med:
191
31.937172774869% of Average
Listing Updated: 01/19/2019
MLS Number: 4975848
Listing Provided By:
Marcus Griffin  of  APARTMENT REALTY ADVISORS
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