CO
Denver
Denver
80205
1200 E 24th Avenue
1200 E 24th Avenue, Denver, CO 80205
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Listing Type
Commercial/Industrial
Listing Status
Active
9
$1,350,000

Home Details for 1200 E 24th Avenue

Price
$1,350,000
Type
Commercial Sale
Year built
1945
Lot size acres
0.29
County
Denver
Days on site
90
MLS Listing#
4895373
Property Description

Tremendous opportunity with this very unique situation! This listing includes both 2344/2346 Downing Street & 1200-1206 E 24th Ave. Two separate legal parcels allow you to get two conventional (even FHA) loans and two insurance policies offering better rates and terms than commercial products. You could sell the parcels separately or go one step further and sell each unit individually through a party wall split. However, this also makes a great hold! Offered at a 6.47% cap rate on actual numbers, this turnkey asset boasts 2 to 1 parking, WA/DR in each unit, separate hot water heaters and HVAC systems. (5 of the 6 have central air) Large lot that would allow you to build additional units through an ADU. Long term tenants who pay their own electric and gas. Ideally located close to downtown, Rino, RTD, parks, shopping, restaurants, etc. Current rent roll and 2025 I&E's can be found in supplements.

Property Features
  • Utilities
    • Natural Gas Available
    • Electricity Connected
    • Natural Gas Connected
    • Phone Connected
    • Sewer Connected
  • Water Features
    • Public
Listing Courtesy: Synergy Associates Inc - 303-399-9930
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EXIT REALTY DTC, CHERRY CREEK, PIKES PEAK
383 Inverness Parkway Suite 140, Englewood, CO 80112
Sheryll White Broker. 303 790 7200
Office
303 790 7200
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