Denver, CO 80218,1035 E 11th Ave
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Denver, CO 80218,1035 E 11th Ave
Denver, CO 80218,1035 E 11th Ave
Denver, CO 80218,1035 E 11th Ave
Denver, CO 80218,1035 E 11th Ave

$875,000

Est. payment /mo

$900,000

2.8%
Est.Price: ?

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1035 E 11th Ave Denver, CO 80218

3 Beds

3 Baths

2,630 SqFt

SOLD DATE : 05/19/2022

Key Details

Sold Price $875,000

Property Type Multi-Family

Sub Type Triplex

Listing Status Sold

Purchase Type For Sale

Square Footage 2,630 sqft

Price per Sqft $332

Subdivision Brown Smith & Porters Add To Denver

MLS Listing ID 9344374

Sold Date 05/19/22

Bedrooms 3

HOA Y/N No

Abv Grd Liv Area 2,630

Originating Board recolorado

Year Built 1907

Annual Tax Amount $3,608

Tax Year 2021

Acres 0.08

Property Description

Amazing live/work or rental opportunity in the heart of Capitol Hill! 1035 E 11th is a beautiful 3-unit apartment building that can continue to be operated as apartments, with the bonus of the zoning (G-MS-3) allowing for a wide range of uses including live/work, art studio, bed and breakfast. The units offer vintage features with modern touches making this attractive for a wide range of renters. The building was recently painted and has a newer roof and gutters (2016), and there has been a no pet and no smoking policy in place for 20+ years. The property consists of one large (450sf) studio, one large (700sf) 1-bedroom and one very large (1150sf) 2-bedroom, with each unit containing its own unique layout. The first floor consists of the large 2-bedroom unit which includes hardwood floors, bay window, fireplace, and a newly renovated bathroom. The second floor is split into a studio and a 1-bedroom, both of which could be expanded into the large attic space accessed by a future spiral staircase. Rents are well below market - two of the units have had very long-term tenancies and are over $100/month below market. An investor can cashflow a well-kept building in an A+ location, or make updates to the units including new appliances, updated fixtures, new countertops and expanding the units to increase rents considerably and add to the overall value.

Location

State CO

County Denver

Rooms

Basement Full, Unfinished

Interior

Heating Forced Air

Cooling None

Fireplace N

Exterior

Exterior Feature Garden

Utilities Available Electricity Connected, Natural Gas Connected

Roof Type Architecural Shingle

Total Parking Spaces 2

Garage No

Building

Lot Description Corner Lot

Sewer Public Sewer

Water Public

Level or Stories Two

Structure Type Block, Brick

Schools

Elementary Schools Dora Moore

Middle Schools Morey

High Schools East

School District Denver 1

Others

Senior Community No

Ownership Individual

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

Special Listing Condition None

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REColorado (REColorado MLS)
Listed by NorthPeak Commercial Advisors, LLC
Bought with Urbanstars Realty LLC

Robert Tait

Team Owner | License ID: FA100043948

+1(303) 888-0194

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