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Key Details
Sold Price $1,925,000
Property Type Single Family Home
Sub Type Income Property
Listing Status Sold
Purchase Type For Sale
Square Footage 7,388 sqft
Subdivision South Capitol Hill
MLS Listing ID 4876024
Sold Date 04/21/20
Bedrooms 9
HOA Y/N false
Abv Grd Liv Area 7,971
Originating Board REcolorado
Year Built 1886
Annual Tax Amount $8,119
Lot Size 5,227 Sqft
Acres 0.12
Property Description
Vintage 7,971 sf Capital Hill Italian Villa with carriage house has been converted into 8 separate units with major income potential. [Watch the listing video: https://youtu.be/9pg5OcJSjQU]. The owner lives in the main floor unit and long term rents the other five units in the main house. It is our estimate that the 2120 sf main floor unit could be rented for $2,800/m, The second story consists of a studio apartment (studio 286 sf, rents for $900/m), a 2 bed/1 bath (651 sf, rents for $1,700/m), and a 1 bed/1 bath (562 sf, rents for $1450/m). There is also an 1 bed/1 bath attic unit (1087 sf, rents for $1350) and a basement 1 bed/ 1 bath (579 sf, rents for $825). In the basement there is a washer and dryer for residents, storage area for the main unit, and the utility room. There is large carriage house with two additional units. The ground level carriage house unit is 1 bed/1 bath (624 sf) we estimate longterm rents to be $1,600/m. The second floor of the carriage house is a 2 bed/ 1 bath unit (750 sf) with a spiral staircase entry and another internal spiral staircase to the lofted second bedroom. Estimated long term rental for the 2/1 second floor carriage house is $1,800/m. There is a peaceful courtyard between the main house and carriage house. In the driveway there is enough room to park 3 cars off the street; the owner currently charges $100 per off street parking space, but most tenants do not even own vehicles. Before scheduling a tour, please virtually explore: Units 1-5 (https://my.matterport.com/show/?m=DqK67y7H41k), basement unit (https://my.matterport.com/show/?m=2NW7xZpaukk), carriage house first floor unit
(https://my.matterport.com/show/?m=KnZobZjZk9j) and carriage house second floor
(https://my.matterport.com/show/?m=Ff1SyawMox5).
Location
State CO
County Denver
Area Metro Denver
Zoning G-MU-5
Direction Use maps and please find street parking.
Rooms
Basement Walk-Out Access
Interior
Heating Forced Air, Hot Water, Baseboard
Cooling Central Air, Room Air Conditioner
Fireplaces Type Circulating, 2+ Fireplaces, Gas
Fireplace true
Appliance Self Cleaning Oven, Dishwasher, Refrigerator, Microwave, Disposal
Exterior
Exterior Feature Balcony
Garage Spaces 3.0
Roof Type Composition
Handicap Access Level Lot
Porch Patio, Deck
Building
Lot Description Level
Faces East
Story 2
Sewer City Sewer, Public Sewer
Water City Water
Level or Stories Two
Structure Type Brick/Brick Veneer
New Construction false
Schools
Elementary Schools Dora Moore
Middle Schools Morey
High Schools East
School District Denver 1
Others
Senior Community false
SqFt Source Assessor
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Bonnie & Josh Sherman
Broker Associate | FAFA100074934, FA100074801
Broker Associate FAFA100074934, FA100074801