$800,000
Active
36 Days Online
4 Beds2 Baths1,918 SQFT
Active

2232 S Franklin St Denver, CO 80210

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What an opportunity. Fully rented DU property with tons of possibilities for the beginner or expert investor. Live in half when lease is up and rent to supplement? Take advantage of the expensive and steady DU rental market? Do either for x amount of time and then plan on rolling with the trends of pop-topping/scraping for land value in this multi-million dollar neighborhood. Location is prime, light rail, Harvard Gulch park/golf course, restaurants and social life galore all walkable. Long term renters in place are willing to talk about either staying or living out their lease. Property has been professionally managed and that can either end with the sale or if buyer prefers to stay on. Rents are $1695 and $1495, probably ready for an increase and any improvements to the property could even make that higher. And there are several examples of new builds on the block and in the area to justify new build costs. Don't just look at this for the CAP number or land value, both are viable strategies. Just hurry up and get it and let the neighborhood work it's magic to make your investment be sound regardless of where the future takes you and this property. NO SHOWINGS OF THIS PROPERTY OUTSIDE OF ONE TIME SHOWING TIME SATURDAY APRIL 13th FROM 12 to 3.

  • Property TypeMulti-Family
  • NeighborhoodDu/University/Platt Park
  • CountyDenver
  • Taxes$2,867
  • HOA/Condo/Coop Fees$0
  • Days on Site36 Days
  • MLS StatusActive
  • MLS ID Number9865996
  • Home Size Source Assessor
  • Year Built1955
  • Lot Size0.14 Acres
  • Full BathsN/A
  • Partial BathsN/A

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General Features

  • Style Ranch
  • Construction Wood Siding
  • Sewer Public Sewer
  • Basement Full
  • Number of Stories 1
  • Acreage 0.14
  • Property Sub Type Multi Family
  • Garage Spaces 1
  • Attached Garage No
  • Zoning U-SU-C
  • Direction Faces West
  • Garage Detached
  • Tenant Pays GasElectricityWater
  • Buyer Agent Compensation 2.80 %

Interior Features

  • Heating Forced Air
  • Appliances Self Cleaning OvenDishwasherRefrigeratorDryerMicrowave
  • Basement Foundation Full

Exterior Features

  • Roof Composition
  • Fencing Partial
  • Spa No
  • Waterfront Property No
  • Lot Level
  • Patio And Porch Patio
  • Fences Partial
  • Waterfront No

Community Features

  • Senior Community No
  • MLS Area Metro Denver
  • Accessibility Features Level Lot

Schools

School District
Denver 1
Elementary School
Asbury
Middle School
Grant
High School
South

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Monthly Payment (Est.)

$4,267
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