EMERSON DENVER, CO 80218

Features

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Facts

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Description

This is an REO, meaning this property has been foreclosed on because the owner couldn't meet their payments. The bank now owns this property. Most banks are not set up to own homes, and are often motivated to sell you the home at a discounted price.

Great investment opportunity in the Capitol Hill neighborhood. Financial info is an estimate based on all current knowledge. Some Leases are incomplete/not in place. Prime location with a strong unit mix. The building has been well taken care of by the owner occupant and has "good bones." There are 6 units in the building but one of the units was combined to make a larger unit and can easily be converted back to make a 7th unit. Current rents are below market value because the owner lived in the building, not due to unit condition. Detached garage with 3 stalls and one alley off-street parking spot. All mechanicals are newer and in good shape. Heat is gas forced air. Wonderful backyard and patio for all the tenants to enjoy. Great front porch and upper balcony. Tons of original character that tenants love. Got 1031 money? This is the building for you. Please call Michelle Seward to schedule a showing 303-886-0670. One unit is vacant and available for showing. Occupied units required 48 hours notice to show and a written purchase agreement or letter of intent. Please schedule showing through Michelle Seward directly, not showing time.