50 Osceola ST Active Save Request In-Person Tour Request Virtual Tour
Denver,CO 80219
Key Details
Property Type Multi-Family
Sub Type Quadplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,900 sqft
Price per Sqft $368
Subdivision Barnum
MLS Listing ID 9553916
Style Urban Contemporary
Bedrooms 8
Year Built 1954
Annual Tax Amount $3,428
Tax Year 2022
Lot Size 9,583 Sqft
Property Description
This four-plex is just minutes from downtown Denver in the up-and-coming Barnum neighborhood. Here is your opportunity to buy a multifamily property with $7300 a month in rental income, generating a 7.7 cap rate. Live in one unit and rent out the others so your tenants pay your mortgage while you build equity! Seller is offering $10,000 for buy down on points for a lower interest rate or to cover closing costs. Each unit is; 725 sqft, 2 bedrooms and 1 bath (total sqft 2900) with great parking (4 spaces/unit). BONUS: The entire complex has been redone with new everything.. over $200k of upgrades inside and out! Outside; newer sewer line and new fencing with storage for each unit. Newer roof and new exterior paint and doors. Gas and electric meters are separated for each unit. Inside; all units have open floor plans with new luxury vinyl-wood flooring, new kitchens with gray shaker cabinets with soft closing draws and pulls, granite countertops, subway tile backsplash and new stainless steel appliances. The bathrooms are all new with fixtures and lighting. 2 units have new windows and other 2 newer windows. The furnaces are 4 years old and new water heaters. All new electrical and plumbing, plus trim, doors, and paint. Each unit has stackable W&D. Gas and electrical are paid by tenants. All units are currently occupied but Owner Occupancy Is Available with a 1 month notice. This investment property offers it all - too good to pass up!
Location
State CO
County Denver
Zoning E-SU-D1X
Interior
Heating Forced Air
Cooling Other
Flooring Vinyl
Laundry In Unit,Laundry Closet
Exterior
Exterior Feature Rain Gutters
Fence Full
Utilities Available Cable Available,Electricity Available,Electricity Connected
Roof Type Composition
Building
Lot Description Near Public Transit
Foundation Block
Sewer Public Sewer
Water Public
Structure Type Block,Concrete,Frame,Vinyl Siding
Schools
Elementary Schools Newlon
Middle Schools Kepner
High Schools West
School District Denver 1
Others
Acceptable Financing 1031 Exchange,Cash,Conventional,FHA,Jumbo,VA Loan
Listing Terms 1031 Exchange,Cash,Conventional,FHA,Jumbo,VA Loan
Special Listing Condition None