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    1200 Clarkson Street

    Denver, CO 80218
    • $1,450,000
    • STATUS: Pending
    • ON SITE: 49 days
    • ID#: 1591842
    Under Contract
    UPDATED: 61 min ago
    $1,450,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,128
      SQFT
    • $283
      $/SQFT
    Type:
    Multi-Family
    Built:
    1897
    County:
    Area:

    School Ratings & Info

    Offered by Nexthome Summit Group.

    Description

    Price reduced! Don't miss your chance at a piece of Denver!! The Doolittle House was built in 1897. This renovated home has 6 apartments from studios to 3 bedroom units on a full corner lot of 6250 square feet zoned G-MU-5 (build 5 stories-no historical designation). Adorable original features include historic moldings, large windows, curved wooded three story staircase high ceilings, wood floors, and all updated kitchens and baths. it is currently not on a historic registry and the building has no permitted parking assigned to it. This location is perfect for in-fill development to either scrape and build up to 14 units or add a second building or addition to rear adding 4+ units. Combining the current building into a remodel and ending with 8 - 2 & 3 bedroom mid-end rental units would serve well here. Property does not qualify for any parking variances that we know of, so that could be a challenge to development over 8 units total without scraping and redeveloping entire lot. Historical income supports the listing price at 5.5% cap rate. Rents were not raised in late 2019 or 2020, so there is room for value add there. Current financing with 30-40% down at a low interest rate would be approved by local banks. Please see the detailed listing package provided in additional disclosures or request one from the listing agent! This will include a full video tour of each unit.

    Monthly Payment Calculator



    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 Re/Max Structure 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.

    © 2021 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved 6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA

    www.structurecolorado.com/homes/113044164
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    1200 Clarkson Street Denver, CO 80218

    • Price: $1,450,000
    • Status: Pending
    • Updated: 61 min ago
    • ID#: 1591842
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    5,128
    SQFT
    $283
    $/SQFT
    1897
    Built
    County:
    Denver
    Area:
    Denver
    Property Description
    Price reduced! Don't miss your chance at a piece of Denver!! The Doolittle House was built in 1897. This renovated home has 6 apartments from studios to 3 bedroom units on a full corner lot of 6250 square feet zoned G-MU-5 (build 5 stories-no historical designation). Adorable original features include historic moldings, large windows, curved wooded three story staircase high ceilings, wood floors, and all updated kitchens and baths. it is currently not on a historic registry and the building has no permitted parking assigned to it. This location is perfect for in-fill development to either scrape and build up to 14 units or add a second building or addition to rear adding 4+ units. Combining the current building into a remodel and ending with 8 - 2 & 3 bedroom mid-end rental units would serve well here. Property does not qualify for any parking variances that we know of, so that could be a challenge to development over 8 units total without scraping and redeveloping entire lot. Historical income supports the listing price at 5.5% cap rate. Rents were not raised in late 2019 or 2020, so there is room for value add there. Current financing with 30-40% down at a low interest rate would be approved by local banks. Please see the detailed listing package provided in additional disclosures or request one from the listing agent! This will include a full video tour of each unit.
    Exterior Features

    Architectural Style Square DesignLow Rise Attached Garage YN No Carport Spaces 0 Carport YN No Covered Spaces 0 Exterior Features Dog RunGarden Garage YN Yes Lot Features Corner LotSprinklers In Front Lot Size Area 0.14 Lot Size Square Feet 6250 Parking Features ConcreteLightedStorage Parking Total 5 Road Frontage Type Public Road Road Surface Type Paved Roof Composition

    Interior Features

    Laundry Features Laundry Room Levels Three Or More

    Property Features

    Association Amenities Bike Storage Construction Materials BrickStone Contingency None Known Electric 220 Volts Property Sub Type Multi Family Security Features Carbon Monoxide Detector(S)Fire AlarmSmoke Detector(S) Sewer Public Sewer Tax Annual Amount 5700 Tax Year 2019 Utilities Natural Gas ConnectedSewer Connected Water Source Public Zoning G-Mu-5

    Listing courtesy of Nexthome Summit Group: MLS #1591842


    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 Re/Max Structure 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.

    © 2021 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved 6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA

     
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    Re/Max Structure
    9233 Park Meadows Dr.
    Lone Tree CO, 80124
    Offered by Nexthome Summit Group.