Address
1533 - 1541 Fairfax Street, Denver, CO
Price
$ 2,990,000
Property Attributes
  • MLS#9402602
  • TypeCommercial
  • CountyDENVER
  • CityDenver
  • Zip80220
  • StyleMid-Century Modern
  • Year Built1949
  • Taxes$ 10008
  • Price$ 2,990,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage9818
  • Lot Size0.28 Acres
Data Source:
REColorado (MTOMLS)
Property Description

This multi-unit complex located in Denver’s South Park Hill neighborhood comprises four townhomes and one duplex, each recently fully renovated to modern standards. Spread over a total area of 9,818 sq ft on a combined 12,218 sq ft lot, this property offers enhanced living spaces and a sound investment potential. Property Details: Renovations: The properties have been updated with new roofs, efficient furnaces, modern kitchens including new appliances, contemporary flooring throughout, quartz countertops, jacuzzi tubs, and new tankless hot water heaters. Unit Configuration: Townhomes: Each townhome features 3 bedrooms and 2 bathrooms, providing ample space for families or shared living arrangements. Duplex: The upper unit consists of 2 bedrooms and 1 bathroom, while the lower unit has 1 bedroom and 1 bathroom, ideal for different rental needs. Rental Income: Projected gross annual income is $231,504, with the townhomes projected rental income for $3,818 each and the duplex units contributing a total of $4,010 per month . Outdoor Features: Two of the units have a private yard and an irrigation system, enhancing the outdoor living experience. Location: Centrally located with a high Walk Score of 79, the property is in proximity to essential amenities and public transportation. Offered at $2,990,000, this collection represents a significant investment opportunity in one of Denver’s most sought-after areas.

Price History
4/19/2024 Listed $2,990,000

General Features

Sewer Public Sewer
Utilities Electricity Available,Electricity Connected,Natural Gas Available,Natural Gas Connected
Possession Closing/DOD
Roof Composition
Zoning U-TU-C
Garage Spaces 5
Architectural Style Mid-Century Modern
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Construction Materials Brick,Concrete
Year Built 1949
Electric 110V,220 Volts
Tenant Pays Cable TV,Electricity,Gas,Internet,Telephone,Trash Collection,Water
Stories 1
Property SubType Multi-Family
Tax Year 2022
Current Use Multi-Family,Residential
County Denver
Property Type Commercial Sale
Attached Garage No
Energy Efficient Water Heater
Status Active
Directions *****For navigation to the location,both Google Maps and Waze are reliable options. However,please ensure you enter 1537 Fairfax specifically,and NOT 1537 N Fairfax,as both navigation apps may in
City Denver
Buyer Agent Compensation 2.8
Total Units 6
Lot Size Square Feet 12218
Street Name Fairfax
Listing Terms Cash,Conventional
Tax Annual Amount 10008
NumberOfUnitsVacant 6
Leasable Area 9818
Lease Considered Y/N No
Virtual Tour https://tours.oatisgreenphotography.com/e/76z9zxM
Structure Type Low Rise (1-3)
Standard Status Active
Occupancy Type Vacant
Cap Rate 5.79
Buyer Agent Compensation Type %

Interior Features

Street Suffix Street

Exterior Features

Lot Features Irrigated,Sprinklers In Front
Water Source Public
Total Parking 5
Lot Size Area 12218
Building Area Total 9818
Lot Size Acres 0.28
Road Surface Type Paved
Lot Size Units Square Feet
Road Frontage Type Public
Road Responsibility Public Maintained Road

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 80220

Price
AVG $1.88M
$2.99M
Taxes
AVG $17,965
$10,008
Visits
AVG 103
112
Data Provided by Inside Real Estate®
Year Built
AVG 1953
1949