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William Watson

bill@watsonrg.com +1(720) 463-0002

$975,000

Est. payment - /mo

8 Beds

8 Baths

5,043 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 5,043 sqft

Price per Sqft $193

Subdivision Athmar Park

MLS Listing ID 9735734

Style Modular

Bedrooms 8

Full Baths 4

Half Baths 4

HOA Y/N No

Year Built 1979

Lot Size 8,029 Sqft

Acres 0.18

Property Sub-Type Single Family Residence

Property Description

Well-maintained 4-unit investment opportunity in a centrally located Denver neighborhood with strong rental demand and value-add potential. The property consists of four 2-bedroom, 1-bath units in a two-story, walk-up building with dedicated off-street parking and direct exterior unit entrances.
Three units are currently occupied (all June 1st expirations), providing a new owner to renew current leases, capturing the immediate income, while one unit is vacant and fully renovated, featuring new drywall, fresh paint, new carpet, and updated appliances — ideal for an owner-occupant or to lease at market rent; or provides a new owner an opportunity to not renew the remaining tenants and have a fully vacant 4-unit building to reposition.
The asset offers a compelling blend of in-place cash flow and upside through rent increases, with similar units in the area supporting higher rental rates. Recent improvements and ongoing exterior cleanup enhance the property's appeal and reduce near-term capital needs.
Located with convenient access to major corridors, public transportation, and neighborhood amenities, this property presents an excellent opportunity for investors seeking a stable, small multifamily asset with operational upside.

Location

State CO

County Denver

Zoning E-TU-C

Direction Northeast

Interior

Interior Features Ceiling Fan(s), Laminate Counters, Pantry

Heating Forced Air

Cooling Central Air

Flooring Carpet, Vinyl

Appliance Cooktop, Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer

Laundry In Unit

Exterior

Exterior Feature Garden, Lighting, Private Yard, Rain Gutters, Spa/Hot Tub

Fence Full

Waterfront Description Public

Roof Type Unknown

Porch Patio

Private Pool No

Building

Lot Description Level

Faces Northeast

Story Two

Sewer Public Sewer

Water Public

Architectural Style Modular

Schools

School District Elementary: Denver 1, Middle/Junior: Denver 1, High: Denver 1

Others

Senior Community No

Tax ID 5174-00-131

Special Listing Condition None Known

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Listed byeXp Realty, LLC

Nearby Locations

"Many agents say they put their client’s needs first, but the Watson Realty Group are on a mission to actually do it by providing their clients several GUARANTEE programs that take the risk out of selling or buying a home. We are passionate about providing these guarantees, and at the same time making each of our clients feel as though they are our only client. We Live Here, We Work Here and We are Here to Serve You! "

+1(720) 463-0002

bill@watsonrg.com

CO, USA

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1015 S Eliot ST Denver, CO 80219