1015 S Eliot St Unit 1-4, Denver, CO 80219
- $975,000
- 8
- BD
- 8
- BA
- 5,043
- SqFt
Listing courtesy of Leroy Lutu.
leroy@elevationinvest.com
- List Price
- $975,000
- Status
- ACTIVE
- MLS#
- 9735734
- Subtype
- Residential
- Year Built
- 1979
- Bedrooms
- 8
- Bathrooms
- 8
- Full Baths
- 4
- Half Baths
- 4
- Living Area
- 5,043
- Acres
- 0.18
- Subdivision
- Athmar Park
- Neighborhood
- Metro17/DSW
- MLS Area Major
- Metro Denver
Property Description
Well-maintained 4-unit investment opportunity in a centrally located Denver neighborhood with strong rental demand and value-add potential. The property consists of four 2-bedroom, 1-bath units in a two-story, walk-up building with dedicated off-street parking and direct exterior unit entrances. Three units are currently occupied (all June 1st expirations), providing a new owner to renew current leases, capturing the immediate income, while one unit is vacant and fully renovated, featuring new drywall, fresh paint, new carpet, and updated appliances - ideal for an owner-occupant or to lease at market rent; or provides a new owner an opportunity to not renew the remaining tenants and have a fully vacant 4-unit building to reposition. The asset offers a compelling blend of in-place cash flow and upside through rent increases, with similar units in the area supporting higher rental rates. Recent improvements and ongoing exterior cleanup enhance the property's appeal and reduce near-term capital needs. Located with convenient access to major corridors, public transportation, and neighborhood amenities, this property presents an excellent opportunity for investors seeking a stable, small multifamily asset with operational upside.
Additional Information
- Interior Features
- Pantry
- Taxes
- $6,545
- Zoning
- E-TU-C
- Appliances
- Dishwasher, Refrigerator, Washer, Dryer, Microwave, Disposal
- Heating
- Forced Air
- Air Conditioning
- Central Air, Ceiling Fan(s)
- Levels
- Two
- Roof
- Other
- Parking Features
- Off Street
- Garage Spaces
- 8
- School District
- Denver District 1
- Elementary School
- Goldrick
- Middle School
- Kepner
- High School
- Abraham Lincoln
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