Start of property details
2405-2411 Tremont Place
Denver, 80205
FOR
SALE
$1,500,000
For Sale
8
Beds4
Baths3,778
Sq.Ft.0.10
AcresMLS# 6448408
Listed on site 59 days since October 10th, 2023
Property Details
Welcome to your next phenomenal investment property, Short Term Rental (Airbnb) or house hack opportunity! This charming, 4-unit property is located in the heart of downtown Denver, blocks away from the desired RINO / 5 Points neighborhood. We are offering a rare chance to own a piece of this vibrant and dynamic city. Whether you're an investor looking to add to your portfolio or an owner-occupant seeking rental income, this property checks all the boxes.1. Prime Location:Situated in downtown Denver (at 24th and Tremont), this property enjoys proximity to world-class dining, shopping, entertainment, and cultural attractions. Convenient access to public transportation, making it a breeze for residents to navigate the city. And with a 92 / 100 walking score...this is a true renters paradise!2. Four Units:This property consists of four individual units, each with its own entrance, back yard and SEPARATELY Deeded.That's right, you can choose to keep all 4 or parcel them out individually over time, as they have all their own legal descriptions and deeds. This is perfect for someone looking to rent all 4 out OR use this as a house hack, live in one unit while generating income from the others.3. Charming Design:Charming property with well-maintained exterior and landscaping. Each unit has been professionally turned and renovated. Each unit features cozy interiors, ample natural light, and comfortable living spaces.4. Investment Potential:Currently 3 / 4 fully leased, providing immediate rental income. The 4th (show unit 2407) has just opened up and we are keeping it vacant for showings. Strong rental history with room for potential rent increases. Downtown Denver continues to experience growth, ensuring long-term demand for rental properties.5. Growth Potential:The surrounding neighborhood is experiencing revitalization, adding to the property's potential for appreciation.Denver's economy remains strong, attracting new residents and businesses.
Property Highlights
Price
$1,500,000
Property Type
Residential Income
Property Sub Type
Quadplex
Total Bathrooms
4
Year Built
1909
Acres
0.10
Location
County
Denver
Subdivision
Clements Add
Zoning
U-RH-2.5
Property Details
Price
$1,500,000
Property Sub Type
Quadplex
Property Type
Residential Income
Building
Levels
One
Structure Type
Quadruplex
Total Area
3,778
Community
Local Schools
Elementary School
Whittier E-8
High School
East
Middle School
Whittier E-8
School District
Denver 1
Interior Features
Bedrooms and Bathrooms
Bedrooms
8
Total Bathrooms
4
Rooms and Basement
Basement Features
Partial
Has Basement
Yes
Area and Spaces
Above Grade Finished Area
3,014
Living Area
3,014
Heating and Cooling
Heating Features
Forced Air
Building Details
Construction
Year Built
1909
Materials
Construction Materials
Brick
Roof
Membrane
Terms
Commercial
Cap Rate
4.90
Terms
Exclusions
Seller Personal Items
Ownership
Corporation/Trust
Special Conditions
None
Special Terms
1031 Exchange, Cash, Conventional, Jumbo, Other
Taxes
Tax
Tax (Annual)
$2,431
Heating, Cooling & Utilities
Cooling Features
Air Conditioning-Room
Utilities
Sewer
Public Sewer
Lot
Acres
0.10
Lot Features
Level
Lot Size
4,383
Lot Size Area Sq Ft
4,383
Listed by Atlas Real Estate Group, [email protected], 252-207-4993.
Listing Data last updated 9th December, 2023 10:00 MST
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Property History
59 days ago
Property Listed
31 days ago
Property info last updated
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Listing Data last updated: 9th December, 2023 10:00 MST
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Listed by Atlas Real Estate Group
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