4 W Arkansas Avenue # R-1 # R-1, R-2, R-3 Denver, CO ^$ 650,000

4 W Arkansas Avenue # R-1 # R-1, R-2, R-3

^$ 650,000

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4 W Arkansas Avenue # R-1 # R-1, R-2, R-3

Denver, CO, 80223

^$ 650,000

Bedrooms4 Baths3.0 Sq 1,700

Monthly Estimate*

^$ 4,320

Listed by Kaufman Hagan

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Multi-Family Home for sale in Denver, CO

for $650,000 with 4 bedrooms and 3 full baths. This 1,700 square foot home was built in 1915.

The Arkansas Portfolio boasts seven units located in the heart of Denver and just steps away from popular retail on South Broadway. 4 & 18-20 W Arkansas Ave offer a unique unit mix, leaving multiple choices for potential renters. The property’s location presents excellent walk and bike scores and is conveniently located within 15 minutes of Downtown Denver, Cherry Creek, and DTC. All seven units have seen recent renovations, some with high-end cosmetic finishes, leaving investors an attractive blend of stability and value-add potential. There’s also the option to re-deed each unit separately, thereby enabling their individual sale. The triplex and quadplex can be purchased separately or together. HIGHLIGHTS - Can be purchased with 18-20 W Arkansas or separately - In-unit washer/dryer, vaulted ceilings, spacious closets, open & unique floor plans, diverse unique mix - Recent renovations include new luxury flooring, windows, contemporary lighting, and other high-end finishes - Current leases are 5-20% below market comparables - Option to re-deed separately, enabling individual sale of units - Centrally located in the heart of Denver and walkable to popular restaurants, bars, shops, and retail HOA - Has HOA: Yes - HOA fee: $239 monthly - Services included: Reserve Fund, Maintenance Grounds, Maintenance Structure, Roof Insurance, Recycling, Trash, Water, Sewer, Snow Removal - Association Name: S Broadway HOA

Multi-Family Active

Price

^$ 650,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 2,988

Style

Triplex

Year Built

1915

Town/City

Denver

County/Region

Denver

MLS | Web ID

4882091

Features

General

Sewer Public Sewer

Heating Natural Gas

Cooling Air Conditioning-Room

Roof Unknown

Appliances Dishwasher Disposal Dryer Microwave Range Refrigerator Washer

Zoning U-MS-3

HOA 239

Garage Spaces 0

Association Fee Includes Reserves Insurance Maintenance Grounds Maintenance Structure Recycling Sewer Snow Removal Trash Water

Construction Materials Brick

Exclusions Call or text listing broker Andrew Vollert at 650.740.9570 with any and all questions and feel free to drive by any time.

Year Built 1915

Levels Two

Unit Number R-1 R-2 R-3

Property SubType Triplex

Tax Year 2022

Percent Ownership Individual

Gross Income 51190

Building Name 1401 S Broadway

Assoc Fee Paid Per Monthly

County Denver

Operating Expense 12125

Property Type Residential Income

HOA / Comm Assn Y

Attached Garage N

Subdivision Name Broadway Arkansas

Status Active

Directions S. Broadway to Arkansas. Turn right on Arkansas and park immediately. Units are upstairs in the building on the southwest corner of Broadway and Arkansas.

High School South

City Denver

Buyer Agent Compensation 2.5

Association Name S Broadway HOA

Senior Community Y/N N

High School District Denver 1

Carport Spaces 0

Street Name Arkansas

Listing Terms Cash Conventional

Elementary School McKinley-Thatcher

Tax Annual Amount 2988

Middle/Junior High School Grant

Property Condition Updated/Remodeled

Structure Type Triplex

Standard Status Active

Middle/Junior School District Denver 1

Elementary School District Denver 1

Cap Rate 6.01

Buyer Agent Compensation Type %

Interior

Flooring Vinyl

Common Walls 2+ Common Walls

Basement (Y/N) N

Above Grade Finished Area 1700

Street Suffix Avenue

Total Bedrooms 4

Total Baths 3

Exterior

Water Source Public

Total Parking 0

Building Area Total 1700

Road Responsibility Public Maintained Road

Internal Only

Street Number 1 4

* Excluded Features

List By

Kaufman Hagan

Broker

(650) 740-9570

Phone

Affordability Calculator

$4,569

Per Month

Monthly Principal & Interest: $4,320
Monthly Property Taxes: $249
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Denver, CO

Average List Price ^$1,080,422

Percent of Sale Price 66%

About Denver, CO

24,748 Population

9% Since 2002

^$36,940 Median Income

38.83 Median Age

13% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

3043855 Elementary School

732326 Middle School

South High School High School

Pricing History

Date	Price	Price Change	Description
4/18/2024	$650,000		Listed Price

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4 W Arkansas Avenue # R-1 # R-1, R-2, R-3, Denver, CO, 80223 is a Multi-Family Home for sale at $650,000 with 1,700 sqft. 4 W Arkansas Avenue # R-1 # R-1, R-2, R-3 has 4 bedrooms, 3.0 baths, and was built in 1915. The property's zip code is 80223 which is in Denver, CO

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 6/1/2024.

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4 W Arkansas Avenue # R-1 # R-1, R-2, R-3

Multi-Family Home for sale in Denver, CO

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