$1,995,000

4801 E 8th Avenue

Denver CO, 80220

Description

Prime development property blocks from Rose Medical Center. Rare opportunity to own eight one- story units. Please do not disturb tenants, no showings until Seller has an executed contract. Property is sold in AS IS condition. Garage units leased to individuals who are not tenants, three are used by Seller for equipment, maintenance. Property has not had a vacancy in 3 years. Rents are below market to long term tenants. Approximately $65,000 current income currently including rent from garages and apartments. Gas and electric approx. $2977 per year; Water $3111 per year. Zoning E-MU-2.5 which allows duplex, tandem house, row house, garden court, town house and apartment building forms up to two and a half stories depending on building form. Redevelopment in process at 9th & Colorado. Seee 9thandColorado.com

Details

MLS#3919053
Listing TypeFor Sale
StyleIndustrial
Sub-TypeResale
StatusUnder Contract
Year1946
Days On Site126

Features

SQ Feet4,455
Story(s)1
Units8
ZoningE-MU-2.5

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Area Information

StateCO
CountyDenver
CityDenver
Zip Code80220
AreaDenver
Listing VS Median (in 80220)
Price:
$1,995,000
low | high
Med:
$590,000
100% of Average
SqFt:
4,455
low | high
Med:
1,765
100% of Average
$ / SqFt:
$448
low | high
Med:
$334
75.353042663316% of Average
On Site:
126
low | high
Med:
123
100% of Average
Listing Updated: 11/12/2019
MLS Number: 3919053
Listing Provided By:
Deanna Dyer  of  DYER REALTY INC
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