1055 Raleigh Street

Denver, CO 80204

  • 8 beds
  • 4 baths
  • 3,536 sq ft
  • 0.14 acres lot

$480,000

$522,000

  • Sold
  • MLS 9881224

PROPERTY DESCRIPTION

Fully occupied, profitable, turnkey duplex comprised of 1055 and 1057 Raleigh Street. Both units have identical layouts, consisting of 1,768 square feet on two levels. Upper levels contain a living room, kitchen, 2 bedrooms & 2 bathrooms; lower levels (garden levels) contain a large family room, laundry room, 2 bedrooms & 2 bathrooms. That's 8 bedrooms & 4 bathrooms total. New carpet & paint in one unit. Off-street parking for four cars. Fenced yard. Sides to Dry Gulch Park & Lakewood Greenbelt system and trails. Great views of downtown Denver. Easy walking distance to Perry light rail station & bus stop. Roof is 7 years old. Furnaces 2 1/2 years old. Water heaters 5 years old. Both units currently rented to long term tenants at $1,850 and $1,410 and prefer to stay. Annual expenses around $6,000 including trash, sewer, taxes, insurance and the usual minor repairs. Combined $3,260 monthly income rental with room for increase. Current cap rate is 9.6%.

PRESENTED BY

Hamilton Cowie with Brokers Guild Classic

Essential Information

  • MLS
    9881224
  • Structural Style
    Multi-Level
  • Square Feet
    3,536 sq. ft.
  • BedsTotal
    8
  • Property Type
    Income
  • Architectural Style
    N/A
  • List Price
    $480,000
  • BathsFull
    N/A
  • Property SubType
    Income
  • Year Built
    1972
  • Status
    Sold
  • BathsHalf
    N/A

Interior Details

  • Basement Type
    Garden Level
  • Basement Floor Type
    N/A
  • Interior Features
    Window Coverings
  • Basement Size
    Full
  • Basement Square Foot
    1768
  • Flooring
    Carpet,Vinyl/Linoleum

Exterior Details

  • Construction
    Brick
  • Materials
    Brick
  • Roof
    Composition Shingles

Amenities

  • Cooling
    None
  • Fireplaces
    N/A
  • Fireplace Features
    N/A
  • Exterior Features
    Fence,Yard
  • Fencing
    N/A
  • Sewer
    N/A
  • Heating
    Forced Air
  • Fireplace Locations
    N/A
  • Kitchen Appliances
    Disposal,Refrigerator (Kitchen),Smoke Alarm,Stove/Range/Oven
  • View
    City View
  • Parking Count
    1

Finance

  • Tax Amount
    $1,496
  • Association Fee Annual
    N/A
  • Tax Year
    2016
  • Fee Frequency
    N/A

School Information

  • School District
    Denver 1
  • Elementary
    Cowell
  • Middle / Junior
    Strive Lake
  • HighSchool
    North

Community Information

  • City
    Denver
  • County
    Denver
  • Association Fee Includes
    N/A
  • Neighborhood
    West Villa Park
  • State
    CO

Sold History

  • MLS Number: 9881224
    Closed on April 24 2017 for $522,000

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This content last updated on 09/14/2016 12:20AM. Some properties which appear for sale on this website may subsequently have sold or may no longer be available.