2741 W 12th Ave Active Save Request In-Person Tour Request Virtual Tour
Denver,CO 80204
Key Details
Property Type Single Family Home
Sub Type Income Property
Listing Status Active
Purchase Type For Sale
Square Footage 2,456 sqft
Price per Sqft $325
Subdivision Sun Valley
MLS Listing ID 9077920
Style Ranch
Bedrooms 8
Year Built 1894
Annual Tax Amount $1,889
Property Sub-Type Income Property
Property Description
EXCELLENT OPPORTUNITY AT BOTH A 6.9 CAP (projected, rents go up in the fall at lease renewal to the 2024 rates) & FUTURE DEVELOPMENT POTENTIAL WITH C-MX-5 ZONING! Duplex property located in Sun Valley Neighborhood, 4 bedrooms per side, rents go up in the fall at lease renewal - section 8 4 bedrooms 2024 fair market value is $3,548 per unit. Property is currently rented with 4-bedroom Section 8 Vouchers, rent payments are guaranteed on the first of the month via direct deposit. Property has been stabilized for 8 years straight and is great for cash flow while future development entitlements are finalized. PLEASE DO NOT BOTHER TENANTS, NO SHOWINGS UNTIL A CONTRACT IS SUBMITTED.
Location
State CO
County Denver
Area Metro Denver
Zoning C-MX-5
Interior
Heating Forced Air
Exterior
Garage Spaces 4.0
Utilities Available Natural Gas Available
Roof Type Composition
Building
Story 1
Sewer City Sewer,Public Sewer
Structure Type Wood/Frame,Brick/Brick Veneer,Stucco,Wood Siding
New Construction false
Schools
Elementary Schools Fairview
Middle Schools Strive Lake
High Schools North
School District Denver 1
Others
Special Listing Condition Private Owner