UPDATED:
02/12/2025 07:40 PM
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 6496139
HOA Y/N No
Originating Board recolorado
Year Built 1896
Annual Tax Amount $9,793
Tax Year 2023
Property Sub-Type Multi-Family
Property Description
Denver's historic Cheesman Park neighborhood. Built in 1896, Humboldt Terrace
exudes charming and historical character while boasting updated, well-maintained features. Under the same family ownership and management since 2012, the community primarily features large one-bedroom apartments, including a studio and oversized two-bedroom apartments. All the units are in great shape, allowing investors to take advantage of income and asset value increases through a light value-add approach. The property also includes eight parking spaces in the alley, a coveted amenity in Central Denver.
Humboldt Terrace is conveniently located off Colfax and Humboldt St, just minutes from Downtown Denver and within walking distance to many parks and recreational locations. This excellent location offers residents direct access to an
abundance of dining and entertainment options on Colfax Avenue and over 600,000 jobs within a 20-minute drive. Additionally, Humboldt Terrace is within walking distance of Cheesman Park, one of Denver's premier green spaces.
Humboldt Terrace's irreplaceable Cheesman Park location and unique historic charm, coupled with the shortage of housing options in the area, ensures the property will continue to see high renter demand. These factors and the opportunity to create additional value through a light renovation approach make this property an exceptionally attractive investment opportunity in one of Denver's most sought-after neighborhoods.
Location
State CO
County Denver
Zoning U-RH-3A
Interior
Fireplace N
Exterior
Roof Type Architecural Shingle
Total Parking Spaces 8
Garage No
Building
Sewer Public Sewer
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
"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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