For more information regarding the value of a property, please contact us for a free consultation.
1364 N Franklin ST Denver, CO 80218
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $1,120,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,946 sqft
Price per Sqft $283
Subdivision Cheesman Park
MLS Listing ID 6662165
Sold Date 11/15/21
Style Denver Square
Bedrooms 7
HOA Y/N No
Abv Grd Liv Area 3,247
Originating Board recolorado
Year Built 1900
Annual Tax Amount $4,470
Tax Year 2019
Acres 0.14
Property Description
Amazing location one block from Cheesman Park in the highly desirable East High School district. Gorgeous turn of the century Denver Square converted mansion. You won’t want to miss your chance to own a piece of Denver architectural history. Countless period touches like the main staircase, original doorbell, hardwood floors and on and on. Multiple incredible opportunities: 1. Live in one unit (mortgage free) and rent out two as Airbnb or to traditional year-round tenants to pay the mortgage. 2. Great cash flow opportunity as is fully tenant occupied. 3. Easy conversion back to a single family for a flip or to live in and enjoy. Two of the three units have their own laundry setup in the unit. Currently situation is as follows: Unit A $2900 (includes two car garage) pays 55% of utility bills. Lease ends 5/30/22. 4 bed 2 bath (possible $200/mo bump if they add another room mate). Top two floors with the entrance on the front door on the porch. Unit B $1950 (two parking spots) pays 30% of utility bills. Lease ends 6/1/22. 2 bed 1 bath. Main floor with the entrance on the South side of the house. Unit C $950 (one parking spot). Lease is currently month-to-month. 1 bed 1 bath. Basement with the entrance from the back of the house. Rent Total is $5,800 per month. Each unit has private access. Unit B could likely get an additional $100+ more per month on the next lease renewal. This is a fully occupied turnkey investment opportunity. Always easy to rent and low maintenance. Solid long-term investment in a premium location. Tenants in the area love the historical charm of the home and the fantastic location. There is a detached two car garage and three off alley parking spaces in total. Amazing central location on the North side of Cheesman Park with access to all the bars and restaurants on the Colfax corridor, Cheesman Park, Denver Botanic Gardens, City Park, Congress Park, Cherry Creek and Downtown.
Location
State CO
County Denver
Zoning U-RH-3A
Rooms
Basement Partial
Interior
Heating Forced Air
Cooling Air Conditioning-Room
Flooring Carpet, Tile, Wood
Fireplaces Number 1
Fireplaces Type Bedroom
Fireplace Y
Appliance Cooktop, Dishwasher, Disposal, Dryer, Gas Water Heater, Oven, Refrigerator, Washer
Laundry In Unit, Multiple Locations
Exterior
Exterior Feature Balcony, Private Yard, Rain Gutters
Garage Exterior Access Door
Garage Spaces 2.0
Fence Full
Utilities Available Electricity Connected, Natural Gas Connected, Phone Connected
Roof Type Composition
Total Parking Spaces 2
Garage No
Building
Lot Description Historical District, Irrigated, Level, Sprinklers In Front, Sprinklers In Rear, Subdividable
Foundation Structural
Sewer Public Sewer
Water Public
Level or Stories Three Or More
Structure Type Brick, Frame
Schools
Elementary Schools Dora Moore
Middle Schools Morey
High Schools East
School District Denver 1
Others
Senior Community No
Ownership Individual
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Special Listing Condition None
Read Less
© 2024 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Bought with Keller Williams Realty Success