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1301 S Logan ST Denver, CO 80210
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Key Details
Sold Price $1,130,000
Property Type Multi-Family
Sub Type Quadplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,832 sqft
Price per Sqft $399
Subdivision Platt Park
MLS Listing ID 8930586
Sold Date 11/01/21
Style Contemporary
Bedrooms 8
HOA Y/N No
Originating Board recolorado
Year Built 1951
Annual Tax Amount $4,395
Tax Year 2019
Lot Size 6,098 Sqft
Acres 0.14
Property Description
Tenants LOVE this location! Value add opportunity for the savvy investor as the rents have not been increased in years. Making some overdue adjustments to the rental rates, OPEX structure and the proforma demonstrates a potential 4.58% cap opportunity and a total 10.64% return before taxes. Located in Platt Park so the units are always in demand! The owner remodeled one of the units in 2020 leaving room to improve the other units moving forward. That said, the proforma is based on making additional improvements or renovations at this time.
Location
State CO
County Denver
Zoning U-RH-2.5
Rooms
Basement Exterior Entry, Finished, Full
Interior
Interior Features Concrete Counters, Corian Counters
Heating Forced Air, Natural Gas
Cooling Air Conditioning-Room
Flooring Concrete, Tile, Wood
Fireplace N
Appliance Dishwasher, Disposal, Microwave, Oven, Range, Refrigerator, Self Cleaning Oven
Laundry None
Exterior
Exterior Feature Private Yard, Rain Gutters
Garage Concrete
Garage Spaces 2.0
Fence Full
Utilities Available Cable Available, Electricity Connected, Natural Gas Connected
Roof Type Membrane
Parking Type Concrete
Total Parking Spaces 4
Garage No
Building
Lot Description Corner Lot, Level, Many Trees, Near Public Transit, Sprinklers In Front, Sprinklers In Rear
Story One
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Brick, Frame
Schools
Elementary Schools Mckinley-Thatcher
Middle Schools Grant
High Schools South
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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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Bought with RE/MAX PROFESSIONALS
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