Just Listed
Address
Not Disclosed ,
Price
$ 985,000
Property Attributes
  • MLS#7176440
  • TypeIncome
  • CountyDENVER
  • City
  • NeighborhoodArlington Park
  • Zip
  • Style
  • Year Built1906
  • Taxes4584
  • Price$ 985,000
  • Bedrooms5
  • Full Bathrooms5
  • Half Bathrooms0
  • Sqr Footage2970
  • Lot Size4,792 SqFt
Listing Provided Courtesy Of:
Newmark Knight Frank
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**

Elementary School Middle School High School
Dora Moore Elementary School Morey Middle School East High School
Price History
9/14/2020 Listed $985,000

General Features

Association Y/N No
Attached Garage No
Carport Spaces 0.0
Carport Y/N No
Cooling None
Garage Spaces 0.0
Garage Y/N No
Heating Electric
High School District Denver 1
Levels Two
Ownership Individual
Property SubType Quadruplex
Property Type ResidentialIncome
Roof Composition
Special Listing Conditions None
Terms Cash, Conventional, Item1031Exchange, Other
Zoning U-RH-3A

Interior Features

Above Grade Finished Area 2970.0
Air Conditioning Y/N No
Basement Full
Basement (Y/N) Yes
Below Grade Finished Area 0.0
Heating Y/N Yes
Living Area 2970.0

Exterior Features

Building Area Total 2970.0
Covered Spaces 0.0
Lot Features Level
Lot Size Acres 0.11
Lot Size Square Feet 4990.0
Structure Type Quadruplex
Total Parking 0.0

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in

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