50 Osceola ST, Denver, CO 80219 – 9553916 - Natalie Olmsted

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Natalie Olmsted

tealproteam@gmail.com +1(719) 287-8067

$1,069,000

Est. payment - /mo

8 Beds

4 Baths

2,900 SqFt

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UPDATED:

11/13/2024 09:17 AM

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

HOA Y/N No

Abv Grd Liv Area 2,900

Originating Board recolorado

Year Built 1954

Annual Tax Amount $3,428

Tax Year 2022

Lot Size 9,583 Sqft

Acres 0.22

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

Interior Features Granite Counters, Open Floorplan

Heating Forced Air

Cooling Other

Flooring Vinyl

Fireplace N

Appliance Cooktop, Dishwasher, Disposal, Dryer, Gas Water Heater, Microwave, Oven, Refrigerator, Washer

Laundry In Unit, Laundry Closet

Exterior

Exterior Feature Rain Gutters

Fence Full

Utilities Available Cable Available, Electricity Available, Electricity Connected

Roof Type Composition

Total Parking Spaces 16

Garage No

Building

Lot Description Near Public Transit

Foundation Block

Sewer Public Sewer

Water Public

Level or Stories Two

Structure Type Block,Concrete,Frame,Vinyl Siding

Schools

Elementary Schools Newlon

Middle Schools Kepner

High Schools West

School District Denver 1

Others

Senior Community No

Ownership Agent Owner

Acceptable Financing 1031 Exchange, Cash, Conventional, FHA, Jumbo, VA Loan

Listing Terms 1031 Exchange, Cash, Conventional, FHA, Jumbo, VA Loan

Special Listing Condition None

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Listed by HomeSmart • kathygoodman33@gmail.com,720-985-1701

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Natalie Olmsted

+1(719) 287-8067

Broker Associate | License ID: EA100055370

Broker Associate License ID: EA100055370

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