1409 North Knox Court, Denver, CO 80204

$799,000
8
BD
5
BA
3,740
SqFt
List Price
$799,000
Price Change
▼ $76,000 1551501142
Type
Multifamily
Status
UNDER CONTRACT
MLS Number
1902728
Total # of Units
5
Total Sqft
3,740
Finished Sqft
3740
Sub-Area
West Colfax
Year Built
1926

Property Description

AMAZING MULTI-UNIT REMODEL INCOME PROPERTY IN DENVER OPPORTUNITY ZONE - 5-Plex Rental Remodel in HOT West Colfax / South Sloans Lake neighborhood. Currently vacant and ready for renovation. Leases ended Sept 2018 (for opportunity zone consideration.) 6.5% PROFORMA CAP RATE includes $250K complete remodel budget. Plans and detailed budget will be available during due diligence period. Existing unit mix and proforma rents: one 3 br/1 bath ($2,500), one 2 br/1 bath ($2,000), and three 1 br/1 bath units ($900-1,000). Detached three car garage ($150) and additional off-street parking spaces. Prior to ending leases for remodel, building was completely rented, never vacant. Multiple high-end, new-build developments surround, further increasing appeal. EXCEPTIONAL LOCATION: 1.5 blocks to light rail station, walking distance to retail and restaurants at St. Anthony’s development. Quick drive or train to Downtown, Mile High Stadium, and Pepsi Center. INFO + FINANCIALS: http://bit.ly/1409KnoxCt

Additional Information

Proj. Ann. Income
94200
Proj. Ann. Expense
20858
School District
Denver 1
Garage Spaces
5
Style
Multi-Level
Basement Size
Partial
Basement Finished
Yes
Basement Square Feet
1545
Zoned
G-RH-3
Lot Size
6,250
Acres
0.14
Roofing Material
Composition Shingles
Contstruction
Brick
Taxes
$3,384
Tax Year
2018
Site Features
Near Public Transit
Financial Terms
Cash, Conventional, FHA, Jumbo, Private Financing, VA

Courtesy of MODUS Real Estate

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