1390-1396 Newton Street, Denver, CO 80204

$1,300,000
List Price
$1,300,000
Type
Land
Status
UNDER CONTRACT
MLS Number
5196034
Lot Size (sqft)
12,500
Lot Size (acres)
0.29
Sub-Area
Sloans Lake/West Colfax

Property Description

Rare opportunity to own this land parcel zoned G-MU-5, allowing 5 story multi-family developments, with a Four Plex! 12,500 sf approximate lot with an existing 4-plex totaling approximately 6,500 sf combined. The units are huge, and are completely under market rents. The unit mix is:4/2, 3/2, 2/1 and 1/1 set up with $4,250/month rents, with leasing 3 car detached garage at $600/month can increase rents as is. Two unit have fireplace, and 2 units access the garages. New rent analysis indicates $7,500-8,500/month including the 3 car garage. Excellent opportunity for income while waiting for permitting!

Additional Information

Taxes
$3,444
School District
Denver 1
Zoned
G-MU-5
Type
Land
Sewer
Public
Topography
Flat
Water
Public
Sewer
Public
Gas
Available
Electricity
Available
Faces
West
Zoning Jurisdition
City
Road Surface
Paved Road
Site Features
Corner Lot, Near Public Transit
Financial Terms
Cash, Conventional

Courtesy of THE KENTWOOD COMPANY

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

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 GarlandThurman.com 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. IDX Terms and Conditions