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Key Details
Sold Price $1,210,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 3677160
Year Built 1906
Annual Tax Amount $6,688
Tax Year 2023
Lot Size 6,098 Sqft
Property Description
2144 Vine is a turnkey 5-unit property that’s located just two blocks west of Denver’s City Park. This charming conversion features a strong unit mix of four 1-bedrooms and one 2-bedroom, with each of the units boasting recent updates to the kitchens, bathrooms, flooring, and fixtures. The recent addition of an in-unit washer/dryer in one of the units led to a $150/month rent increase and can be replicated on the remaining four units. The apartments present practical layouts and a clear path for a new owner to convert the two main level 1-bedroom units into 2-bedrooms to push rents even further. The building also offers common area laundry in the basement, a large covered front porch and a neighborhood rarity of one parking space per unit. The building property presents an excellent opportunity for an investor to purchase an updated, strategically positioned 5-unit property for well below the market average of price per square foot in Central Denver.
Location
State CO
County Denver
Zoning U-SU-B1
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected
Roof Type Architecural Shingle
Building
Lot Description Landscaped, Near Public Transit
Sewer Public Sewer
Water Public
Structure Type Brick
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Bought with LIV Sotheby's International Realty
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Chad Nash, The Real Estate Doctor
CEO / Real Estate Wealth Advisor
CEO / Real Estate Wealth Advisor