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31
$1,450,000
1200 Clarkson Street
Denver, CO 80218
MLS# 1591842

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Car Spaces
1 Car Spaces
Total Sq Ft
5,128 Sqft
Acres
0.14 Acres
Price reduced! Don’t miss your chance at a piece of Denver!! The Doolittle House was built in 1897. This renovated home has 6 apartments from studios to 3 bedroom units on a full corner lot of 6250 square feet zoned G-MU-5 (build 5 stories-no historical designation). Adorable original features include historic moldings, large windows, curved wooded three story staircase high ceilings, wood floors, and all updated kitchens and baths. it is currently not on a historic registry and the building has no permitted parking assigned to it.This location is perfect for in-fill development to either scrape and build up to 14 units or add a second building or addition to rear adding 4+ units. Combining the current building into a remodel and ending with 8 – 2 and 3 bedroom mid-end rental units would serve well here. Property does not qualify for any parking variances that we know of, so that could be a challenge to development over 8 units total without scraping and redeveloping entire lot. Historical income supports the listing price at 5.5% cap rate. Rents were not raised in late 2019 or 2020, so there is room for value add there. Current financing with 30-40% down at a low interest rate would be approved by local banks. Please see the detailed listing package provided in additional disclosures or request one from the listing agent! This will include a full video tour of each unit.
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Property Details
Status
Under Contract
MLS#
1591842
Property Type
Commercial Sale
Type
Multi Family
Architectural Style
Square Design, Low Rise
Year Built
1897
Rooms and Spaces
Total SqFt
5128
Interior
Laundry Features
Laundry Room
Energy and Green Details
Electric
Item220Volts
Utilities
Natural Gas Connected, Sewer Connected
Location and Lot
County
Denver
Lot Size SqFt
6250.00
Acres
0.14
Walk Score
91
Exterior
Exterior Features
Dog Run, Garden
Lot Features
Corner Lot, Sprinklers In Front
Security Features
Carbon Monoxide Detectors, Fire Alarm, Smoke Detectors
Parking Spaces
True
Construction
Construction Materials
Brick, Stone
Levels
Three Or More
Roof
Composition
Sewer
Public Sewer
Water Source
Public
Community
Association Amenities
Bike Storage
Taxes and Terms
Annual Taxes
$5,700
Zoning
Zoning
G-MU-5
Listing courtesy of
Next Home Summit Group
Estimated Payments
The approximate mortgage monthly principal and interest payment for this property would be
Based on a loan at a fixed rate of percent
With a down payment of dollars
Actual lender interest rates and loan programs may vary.
Similar Properties

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 Keller Williams Foothills Realty Llc are marked with the IDX Logo. This information is being provided for the consumer’s personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified. See Disclaimer

Listing Data last updated: 7th March, 2021 06:00 MST. Service by Buying Buddy IDX CRM
IDX logo
31
$1,450,000
1200 Clarkson Street
Denver, CO 80218
MLS# 1591842

Save Property
Car Spaces
1 Car Spaces
Total Sq Ft
5,128 Sqft
Acres
0.14 Acres
Price reduced! Don’t miss your chance at a piece of Denver!! The Doolittle House was built in 1897. This renovated home has 6 apartments from studios to 3 bedroom units on a full corner lot of 6250 square feet zoned G-MU-5 (build 5 stories-no historical designation). Adorable original features include historic moldings, large windows, curved wooded three story staircase high ceilings, wood floors, and all updated kitchens and baths. it is currently not on a historic registry and the building has no permitted parking assigned to it.This location is perfect for in-fill development to either scrape and build up to 14 units or add a second building or addition to rear adding 4+ units. Combining the current building into a remodel and ending with 8 – 2 and 3 bedroom mid-end rental units would serve well here. Property does not qualify for any parking variances that we know of, so that could be a challenge to development over 8 units total without scraping and redeveloping entire lot. Historical income supports the listing price at 5.5% cap rate. Rents were not raised in late 2019 or 2020, so there is room for value add there. Current financing with 30-40% down at a low interest rate would be approved by local banks. Please see the detailed listing package provided in additional disclosures or request one from the listing agent! This will include a full video tour of each unit.
Get More Information!
Property Details
Status
Under Contract
MLS#
1591842
Property Type
Commercial Sale
Type
Multi Family
Architectural Style
Square Design, Low Rise
Year Built
1897
Rooms and Spaces
Total SqFt
5128
Interior
Laundry Features
Laundry Room
Energy and Green Details
Electric
Item220Volts
Utilities
Natural Gas Connected, Sewer Connected
Location and Lot
County
Denver
Lot Size SqFt
6250.00
Acres
0.14
Walk Score
91
Exterior
Exterior Features
Dog Run, Garden
Lot Features
Corner Lot, Sprinklers In Front
Security Features
Carbon Monoxide Detectors, Fire Alarm, Smoke Detectors
Parking Spaces
True
Construction
Construction Materials
Brick, Stone
Levels
Three Or More
Roof
Composition
Sewer
Public Sewer
Water Source
Public
Community
Association Amenities
Bike Storage
Taxes and Terms
Annual Taxes
$5,700
Zoning
Zoning
G-MU-5
Listing courtesy of
Next Home Summit Group
Estimated Payments
The approximate mortgage monthly principal and interest payment for this property would be
Based on a loan at a fixed rate of percent
With a down payment of dollars
Actual lender interest rates and loan programs may vary.
Similar Properties

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 Keller Williams Foothills Realty Llc are marked with the IDX Logo. This information is being provided for the consumer’s personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified. See Disclaimer

Listing Data last updated: 7th March, 2021 06:00 MST. Service by Buying Buddy IDX CRM

 

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$388,000
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21300 Road J
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This amazingly huge parcel has a 75′ drop to a stream on border of the property. Seller will discuss owner carry. 250 Acres bordered on one side by the Lake Meredith Inlet. This is an amazing property with a large outbuilding already on it. (more…)
Orson Hill Realty

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 Keller Williams Foothills Realty Llc are marked with the IDX Logo. This information is being provided for the consumer’s personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified. See Disclaimer

Listing Data last updated: 7th March, 2021 06:00 MST Service by Buying Buddy IDX CRM

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