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444 Bannock St Denver, CO 80204
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Key Details
Sold Price $1,125,000
Property Type Single Family Home
Sub Type Income Property
Listing Status Sold
Purchase Type For Sale
Square Footage 3,891 sqft
Subdivision Baker
MLS Listing ID 3850631
Sold Date 10/31/19
Style Foursquare/Denver Square
Bedrooms 5
HOA Y/N false
Abv Grd Liv Area 3,891
Originating Board REcolorado
Year Built 1888
Annual Tax Amount $4,120
Lot Size 6,969 Sqft
Acres 0.16
Property Description
Beautiful 1800's mansion conversion into a legal 4plex. Live-in or invest into Denver's Baker neighborhood for a strong buy and hold. Cap Rate are at current proforma/tenant leases. Current seller will rent as a tenant or owner can occupy. This is a turn key nearly 6.5 cap with little to no deferred maintenance. All tenants have current year leases. Close to all the shops on South Broadway and thus very appealing to tenants with such a strong walk score. Basement unit is currently rented as an AirBnb as it complies with Denver rules. This building has 4 separate units with separate entrances. Upper unit, main unit, basement unit (airbnb) and separate unit across the yard. Seller will try very hard to allow showings in each unit for your buyer. This is an incredible opportunity to cash flow immediately!
Highlights
Blocks from South Broadway shops, restaurants, and bars.
Turn key at proforma fully lease property.
Ability to owner occupy.
Long Term tenants.
Location
State CO
County Denver
Area Metro Denver
Zoning U-RH-2.5
Direction Santa Fe (Art District area) to 1st street east to Bannock just past 4th on the right hand side.
Rooms
Other Rooms Kennel/Dog Run
Basement Full, Partially Finished
Interior
Heating Forced Air
Cooling Room Air Conditioner, Ceiling Fan(s)
Appliance Dishwasher, Refrigerator, Washer, Dryer, Microwave
Exterior
Exterior Feature Balcony
Garage Spaces 3.0
Utilities Available Natural Gas Available, Cable Available
Waterfront false
View City
Roof Type Composition
Street Surface Paved
Porch Patio, Deck
Building
Story 2
Level or Stories Bi-Level
Structure Type Brick/Brick Veneer
New Construction false
Schools
Elementary Schools Valverde
Middle Schools Kepner
High Schools West
School District Denver 1
Others
Senior Community false
SqFt Source Appraiser
Special Listing Condition Private Owner
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