2501 S Williams St new Save Request In-Person Tour Request Virtual Tour
Denver,CO 80210
Key Details
Property Type Single Family Home
Sub Type Income Property
Listing Status Active
Purchase Type For Sale
Square Footage 3,344 sqft
Price per Sqft $388
Subdivision Du Harvard Park
MLS Listing ID 3956226
Style Contemporary/Modern,Ranch
Bedrooms 8
Year Built 1955
Annual Tax Amount $5,066
Lot Size 0.290 Acres
Property Sub-Type Income Property
Property Description
Rare 4 plex walking distance to DU Campus. This 8 bed 4 bath complex is fantastic rental investment with all four units updated and always in high demand. Current 6.6% gross cap rate. Oversized double lot with private parking lot and additional storage facility for each unit. Building sits along the Harvard Gulch trail and offers amazing access to bike/walking trail, DU, Harvard Gulch, Platt Park, Wash Park and Downing Street restaurants. This is an A+ location! Brick exterior, New Roof, Double Pane Vinyl Windows and interior improvements throughout each unit make this a true turnkey investment. Current leases average $1,800 per month - fair market is closer to $1,950 p/m. Lower units are garden level /walkout offering lots of natural lighting and full sized windows - these two units do not feel like basement apartments. This property sits on a double 12,000sqft lot. The next owner could improve rental income with the addition of multiple ADU's based on Denver new zoning regulations regarding ADU's. (Buyer/buyer's agent to verify all zoning with the city of Denver). All units are on a month to month. This could be a perfect investment for an owner occupied solution.
Location
State CO
County Denver
Area Metro Denver
Zoning E-TU-C
Rooms
Other Rooms Outbuildings
Interior
Cooling Ceiling Fan(s)
Exterior
Exterior Feature Gas Grill,Balcony
Garage Spaces 9.0
Fence Partial
Utilities Available Electricity Available
Roof Type Composition
Building
Lot Description Gutters,Corner Lot,Level,Abuts Ditch
Story 1
Sewer City Sewer,Public Sewer
Water City Water
Structure Type Brick/Brick Veneer,Concrete
New Construction false
Schools
Elementary Schools Asbury
Middle Schools Grant
High Schools South
School District Denver 1
Others
Special Listing Condition Other Owner