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    Address Not Published

    CO
    • $985,000
    • STATUS: Active
    • ON SITE: 80 days
    • MLS #: 7176440
    UPDATED: 20 min ago
    $985,000
    • 5
      BEDS
    • 0.11
      ACRES
    • 5
      BATHS
    • 0
      1/2 BATHS
    • 2,970
      SQFT
    • $332
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1906
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Offered by Newmark Knight Frank.

    Description

    Newmark Knight Frank is pleased to present qualified investors the opportunity to acquire a turnkey 5-unit community at 546 N Washington Street in Denver’s trendy Governors’ Park neighborhood. 546 N Washington is 100% occupied and the seller has improved the property considerably, offering its next owner the ability to realize immediate upside in rents without making any major physical improvements to the property. 546 N Washington is located directly south of the 6th Avenue retail corridor as well as Governors’ Park and the surrounding retail (including a Trader Joe’s completed in 2014). The current owner has improved the landscape and yard, added in-unit air conditioning in the upper units, expanded the garden level unit’s rentable space, and is currently adding a common area washer and dryer unit for the tenants’ shared use. The property has been fully positioned for rent increases in every unit, including two month-to-month tenants for the next owner to begin working with immediately. In addition to pet rents, pet deposits and utility billback income not currently being captured at the property, it is our professional opinion that the next owner could realize an average $100-120 per unit per month in rent premiums. **SHOWINGS BY ACCOMPANIED APPOINTMENT ONLY, PLEASE CONTACT LISTING AGENT. PLEASE DO NOT DISTURB TENANTS. THANK YOU**

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    Licensed in the State of Colorado, USA

    The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (IDX) program of METROLIST, INC., DBA RECOLORADO®. Real estate listings held by brokers other than Kittle Real Estate are marked with the IDX Logo. This information is being provided for the consumers’ personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

    1. This publication is designed to provide information regarding the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

    2. The information contained in this publication is subject to change without notice. METROLIST, INC., DBA RECOLORADO MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC., DBA RECOLORADO SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

    3. PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.

    4. METROLIST, INC., DBA RECOLORADO will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.

    5. ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. The information contained herein including but not limited to all text, photographs, digital images, virtual tours, may be seeded and monitored for protection and tracking.

    © 2020 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved 6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA

    www.fortcollinshomesearch.com/homes/110009265
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    Address Not Published CO

    • Price: $985,000
    • Status: Active
    • Updated: 20 min ago
    • MLS #: 7176440
    5
    Beds
    5
    Baths
    0
    ½ Baths
    0.11
    Acres
    2,970
    SQFT
    $332
    $/SQFT
    1906
    Built
    Neighborhood:
    Arlington Park
    County:
    Denver
    Elementary School:
    Dora Moore
    Middle School:
    Morey
    High School:
    East
    School District:
    Denver 1
    Property Description
    Newmark Knight Frank is pleased to present qualified investors the opportunity to acquire a turnkey 5-unit community at 546 N Washington Street in Denver’s trendy Governors’ Park neighborhood. 546 N Washington is 100% occupied and the seller has improved the property considerably, offering its next owner the ability to realize immediate upside in rents without making any major physical improvements to the property. 546 N Washington is located directly south of the 6th Avenue retail corridor as well as Governors’ Park and the surrounding retail (including a Trader Joe’s completed in 2014). The current owner has improved the landscape and yard, added in-unit air conditioning in the upper units, expanded the garden level unit’s rentable space, and is currently adding a common area washer and dryer unit for the tenants’ shared use. The property has been fully positioned for rent increases in every unit, including two month-to-month tenants for the next owner to begin working with immediately. In addition to pet rents, pet deposits and utility billback income not currently being captured at the property, it is our professional opinion that the next owner could realize an average $100-120 per unit per month in rent premiums. **SHOWINGS BY ACCOMPANIED APPOINTMENT ONLY, PLEASE CONTACT LISTING AGENT. PLEASE DO NOT DISTURB TENANTS. THANK YOU**
    Exterior Features

    Attached Garage YN No Carport Spaces 0 Carport YN No Covered Spaces 0 Garage YN No Lot Features Level Lot Size Square Feet 4990 Parking Total 0 Roof Composition Structure Type Quadruplex

    Interior Features

    Basement Full Basement YN Yes Below Grade Finished Area 0 Cooling None Heating Electric Heating YN Yes Levels Two Living Area Sq Ft 2970

    Property Features

    Above Grade Finished Area 2970 Association YN No Construction Materials BrickFrame Exclusions N/A Listing Terms CashConventional1031 ExchangeOther Ownership Individual Property Sub Type Quadruplex Special Listing Conditions None Tax Annual Amount 4584 Tax Year 2019 Zoning U-Rh-3A

    Listing courtesy of Newmark Knight Frank: MLS #7176440


    Licensed in the State of Colorado, USA

    The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (IDX) program of METROLIST, INC., DBA RECOLORADO®. Real estate listings held by brokers other than Kittle Real Estate are marked with the IDX Logo. This information is being provided for the consumers’ personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

    1. This publication is designed to provide information regarding the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

    2. The information contained in this publication is subject to change without notice. METROLIST, INC., DBA RECOLORADO MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC., DBA RECOLORADO SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

    3. PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.

    4. METROLIST, INC., DBA RECOLORADO will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.

    5. ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. The information contained herein including but not limited to all text, photographs, digital images, virtual tours, may be seeded and monitored for protection and tracking.

    © 2020 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved 6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA

     
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    Kittle Real Estate
    300 South Howes Street
    Fort Collins CO, 80521
    Offered by Newmark Knight Frank.