Denver, CO 80236,3530 W Lehigh AVE
Denver, CO 80236,3530 W Lehigh AVE
Denver, CO 80236,3530 W Lehigh AVE
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$2,100,000
Est. payment /mo
0.25 Acres Lot

UPDATED:

09/24/2024 03:41 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 4952571

HOA Y/N No

Originating Board recolorado

Year Built 1972

Annual Tax Amount $4,507

Tax Year 2022

Lot Size 10,890 Sqft

Acres 0.25

Property Description

Attention savvy investors! Presenting a rare opportunity to acquire a meticulously remodeled multi-family building with nine units. This property boasts a prime location and impeccable features designed to maximize returns and tenant satisfaction.
Each unit has been tastefully renovated, offering a mix of three 2-bedroom units and six 1-bedroom units. The remodel in 2020 ensured modern living standards with brand new kitchens featuring new cabinets, stainless steel appliances, and granite countertops. Updated bathrooms, new flooring, in-unit washer and dryer and wall-mounted A/C units enhance comfort and appeal. Plus, one unit features handicap ramp access, ensuring inclusivity and compliance with accessibility standards.
Investors will appreciate the added value of recent upgrades including new fire sprinklers with monitoring, new plumbing, new electrical system and new sewer line. The property is equipped with a bike rack and provides ample parking with nine dedicated spots, plus street parking for tenants.
With a remarkable 100% occupancy rate since September 2020, this investment promises steady cash flow. Tenants enjoy the convenience of nearby public transportation, with the Light rail just 5 minutes away and a bus stop a mere 1 minute stroll. Additionally, the River Point shopping center is only 5 minutes away, adding to the property's desirability.
With a current rental license up to date and a desirable assumable loan at a competitive rate of 3.36% through March 2031, this property offers a turnkey solution for investors seeking a reliable income stream in the commercial housing market. Act now to seize this exceptional opportunity and elevate your investment portfolio! Schedule your viewing today.

Location

State CO

County Arapahoe

Zoning RC

Interior

Fireplace N

Exterior

Exterior Feature Lighting

Parking Features Asphalt

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected

Roof Type Membrane

Total Parking Spaces 27

Garage No

Building

Lot Description Corner Lot, Landscaped, Near Public Transit, Sprinklers In Front, Sprinklers In Rear

Sewer Public Sewer

Water Public

Structure Type Vinyl Siding

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional


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REColorado (REColorado MLS)
Listed by HomeSmart • 720-226-4193
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"Many agents say they put their client’s needs first, but the Watson Realty Group are on a mission to actually do it by providing their clients several GUARANTEE programs that take the risk out of selling or buying a home. We are passionate about providing these guarantees, and at the same time making each of our clients feel as though they are our only client. We Live Here, We Work Here and We are Here to Serve You! "

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3530 W Lehigh AVE