444 Bannock Street

    Denver, CO 80204
    • $1,200,000
    • STATUS: Under Contract
    • ON SITE: 58 days
    • MLS #: 3850631
    Under Contract
    UPDATED: 78 min ago
    $1,200,000
    • 5
      BEDS
    • 0.16
      ACRES
    • 7
      BATHS
    • 0
      1/2 BATHS
    • 3,891
      SQFT
    • $308
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1888
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Offered by Keller Williams Executives.

    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!HighlightsBlocks from South Broadway shops, restaurants, and bars.Turn key at proforma fully lease property.Ability to owner occupy.Long Term tenants.

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    Licensed in the State of Colorado, USA

    The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (IDX) program of METROLIST, INC., DBA RECOLORADO®. Real estate listings held by brokers other than 8z Real Estate are marked with the IDX Logo. This information is being provided for the consumers’ personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

    1. This publication is designed to provide information regarding the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

    2. The information contained in this publication is subject to change without notice. METROLIST, INC., DBA RECOLORADO MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC., DBA RECOLORADO SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

    3. PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.

    4. METROLIST, INC., DBA RECOLORADO will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.

    5. ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. The information contained herein including but not limited to all text, photographs, digital images, virtual tours, may be seeded and monitored for protection and tracking.

    © 2019 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved 6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA

    frontrange.8z.com/homes/98252182

    444 Bannock Street Denver, CO 80204

    • Price: $1,200,000
    • Status: Under Contract
    • Updated: 78 min ago
    • MLS #: 3850631
    5
    Beds
    7
    Baths
    0
    ½ Baths
    0.16
    Acres
    3,891
    SQFT
    $308
    $/SQFT
    1888
    Built
    Neighborhood:
    Baker
    County:
    Denver
    Area:
    Denver
    Elementary School:
    Valverde
    Middle School:
    Kepner
    High School:
    West
    School District:
    Denver 1
    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!HighlightsBlocks from South Broadway shops, restaurants, and bars.Turn key at proforma fully lease property.Ability to owner occupy.Long Term tenants.
    Exterior Features

    Architectural Style Denver Square Construction Materials Brick Construction Methods Brick Exterior Features BalconyCovered DeckCovered PatioDeckDog RunFront PorchGarden AreaHot Tub/SpaPatio Parking Parking Lot (3 Spaces) Parking Total Searchable 3 Road Surface AlleyPaved Road Roof Composition Shingles Structural Style Multi-Story Style Characteristics Mid Rise (4-7) View City View

    Interior Features

    Basement Finished YN Yes Basement Percent Finished 100 Basement Size Full Basement Type Apartment Cooling Air Conditioning-IndividualAir Conditioning-RoomCeiling Fan Flooring CarpetVinyl/LinoleumWood Heating Forced Air Heating Fuel ElectricGas Interior Features Breakfast NookCable AvailableHeated BasementUpdated Kitchen Appliances DishwasherDryerMicrowave OvenRange HoodRefrigerator (Kitchen)Refrigerator (Other)Smoke AlarmStove/Range/OvenWasher Laundry Availability W/D Hookups in UnitWasher/Dryer Included Sq Ft Above 3435 Sq Ft Basement 456 Sq Ft Finished 3891

    Property Features

    Accepting Backup Offers YN Yes Additional Information Income History AvailableIncome PotentialTenant Occupied Annual Expense Actual 18641 Annual Expense Proj 18641 Annual Income Actual 91982 Annual Income Proj 91982 Annual Net Income Actual 73341 Annual Net Income Proj 73341 Building Area Source Appraiser Measured Building Type Quadplex (All Units) Capitalization Rate 5.80 Capitalization Rate Calculation Noi into 1200000 Contingent Approval Conditions None Known Features Fire AlarmResidential Management Has Hoa YN No Has Multiple Hoas YN No Listing Financing CashConventionalJumboPrivate FinancingVa Number Of Units Furnished 1 Number Of Units Vacant 0 Owner Paid Utilities ElectricityGasInsuranceInternetMaintenanceProperty TaxTrashWater Potential Rental Income Annual 91093 Real Estate Taxes 4120 Reports Available Profit/Loss StatementRental AverageUtility Average Seller Type Individual Status Conditions None Known Tax Amount 4120.00 Tax Year 2018 Transaction Type For Sale Unit Count 3 Water Annual Expense 110 Zoning U-Rh-2.5

    Listing courtesy of Keller Williams Executives: MLS #3850631


    Licensed in the State of Colorado, USA

    The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (IDX) program of METROLIST, INC., DBA RECOLORADO®. Real estate listings held by brokers other than 8z Real Estate are marked with the IDX Logo. This information is being provided for the consumers’ personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

    1. This publication is designed to provide information regarding the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

    2. The information contained in this publication is subject to change without notice. METROLIST, INC., DBA RECOLORADO MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC., DBA RECOLORADO SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

    3. PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.

    4. METROLIST, INC., DBA RECOLORADO will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.

    5. ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. The information contained herein including but not limited to all text, photographs, digital images, virtual tours, may be seeded and monitored for protection and tracking.

    © 2019 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved 6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA

     
    8z Real Estate
    4041 Hanover, Suite 200
    Boulder CO, 80305
    Offered by Keller Williams Executives.