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1508 Tamarac St

Denver, CO 80220
  • $625,000
  • STATUS: Active
  • ON SITE: 131 Days
  • MLS #: 1013366
UPDATED: 220 min ago
$625,000
  • 4
    BEDS
  • 0.13
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 2,416
    SQFT
  • $259
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1932
County:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

DUPLEX/RESIDENTIAL: Residential Two houses on one lot. Excellent investment property or a use as single family home with charming Accessory Dwelling Unit (ADU). ADU is on separate gas and electric meters great income. Two completely separate units each has own privacy, with fence and separate parking. The main house is in great condition, move in ready and can live in or rent out. 2016 sq feet in the main house + finished attic (not included in sq ft) which is very rare to find a home with this size in the area with an ADU. Some updating included paint, carpet, flooring. With 3 bedrooms, 2 Full bathrooms, a finished attic/loft area. There currently is a hideaway staircase to the loft but potential for a metal spiral staircase for more convenience. There is finished basement in the main house. The ADU is about 400 square feet and is 1 bedroom, 1 bathroom with efficiency kitchen and quaint living/dining room. **Units are separately metered for gas and electric. Both units do share one water tap. ** NOTE: NET OPERATING BASED ON PROFORMA**. Buy as Commercial or Seller will consider a Commercial NNN Lease. COMMERCIAL: RARE ZONING ALLOWS for Business/Commercial and Residential - This is a Prime location with high traffic, ideal for office or retail business. Uses include but are not limited to: Arts, recreation, entertainment, Eating or Drinking establishment, Office, Retail Sales, Service & Repair, Light automotive Vehicle / Equipment Sales, Rentals, Service & Repair, and Home Occupations (Live/work) With two units on one lot, there are several business opportunities*With Two Units - If you purchase you can have front as your main businesses and use back for are apartment rental or rent to a small retail business. Front unit: has 2 private room/offices, large waiting area or store front, kitchen and break room, conference room/or additional space in lower level. Back: Open room and 1 private room, 1 full bath with break room

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© 2024 Information and Real Estate Services, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Sears Real Estate. Data last updated: 2024-11-10T23:41:06.323.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
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1508 Tamarac St Denver, CO 80220

  • Price: $625,000
  • Status: Active
  • On Site: 131 Days
  • Updated: 220 min ago
  • MLS #: 1013366
4
Beds
3
Baths
0
½ Baths
0.13
Acres
2,416
SQFT
$259
$/SQFT
1932
Built
Neighborhood:
Welchs Colfax Ave Sub
County:
Denver
Area:
12 Denver Metro area
Elementary School:
Ashley
Middle School:
Hill
High School:
Washington, George
School District:
Denver District 1
Property Description
DUPLEX/RESIDENTIAL: Residential Two houses on one lot. Excellent investment property or a use as single family home with charming Accessory Dwelling Unit (ADU). ADU is on separate gas and electric meters great income. Two completely separate units each has own privacy, with fence and separate parking. The main house is in great condition, move in ready and can live in or rent out. 2016 sq feet in the main house + finished attic (not included in sq ft) which is very rare to find a home with this size in the area with an ADU. Some updating included paint, carpet, flooring. With 3 bedrooms, 2 Full bathrooms, a finished attic/loft area. There currently is a hideaway staircase to the loft but potential for a metal spiral staircase for more convenience. There is finished basement in the main house. The ADU is about 400 square feet and is 1 bedroom, 1 bathroom with efficiency kitchen and quaint living/dining room. **Units are separately metered for gas and electric. Both units do share one water tap. ** NOTE: NET OPERATING BASED ON PROFORMA**. Buy as Commercial or Seller will consider a Commercial NNN Lease. COMMERCIAL: RARE ZONING ALLOWS for Business/Commercial and Residential - This is a Prime location with high traffic, ideal for office or retail business. Uses include but are not limited to: Arts, recreation, entertainment, Eating or Drinking establishment, Office, Retail Sales, Service & Repair, Light automotive Vehicle / Equipment Sales, Rentals, Service & Repair, and Home Occupations (Live/work) With two units on one lot, there are several business opportunities*With Two Units - If you purchase you can have front as your main businesses and use back for are apartment rental or rent to a small retail business. Front unit: has 2 private room/offices, large waiting area or store front, kitchen and break room, conference room/or additional space in lower level. Back: Open room and 1 private room, 1 full bath with break room
Exterior Features

Architectural Style Cottage/BungRanch Construction Materials Wood/FrameStuccoWood Siding Direction Faces West Door Features 6-Panel Doors Fencing Partial Horse YN No Levels One Lot Features CurbsGuttersSidewalksLevelWithin City Limits Other Parking Parking Per Unit(2 Spaces/Unit) Other Structures Carriage House Parking Features Alley Access Patio And Porch Features Patio Road Frontage Type City StreetAlley Road Surface Type PavedAsphaltConcrete Roof Composition Spa YN No Structure Type Duplex Waterfront YN No

Interior Features

Accessibility Features Near BusAccessible DoorsMain Floor Bath Appliances Electric Range/OvenRefrigeratorWasherDryer Basement FullPartially FinishedDaylight Cooling Ceiling Fan(s) Cooling YN Yes Heating Forced AirBaseboard Heating YN Yes Interior Features Eat-in KitchenWalk-In Closet(s) Living Area Source Assessor Unit1 Bedrooms 3 Unit1 Total Baths 2 Unit2 Bedrooms 1 Unit2 Est Sq Ft 400 Unit2 Total Baths 1

Property Features

Association YN No Cap Rate 6.53 Ditches Active YN No Electric ElectricSeparate Meter ElectricityExcel Gas Natural GasSeparate Meter GasExcel Gross Income 46440 Has Association Fee No Has Association2 Fee No Has Improvements No Has Water Rights No Income Includes Lease/RentsCommon Area Fees Listing Sub Status None Listing Terms CashConventionalFHAVA LoanLease Purchase1031 Exchange Locale Denver Net Operating Income 40819 New Construction YN No Number Of1 Bedroom Units 1 Number Of3 Bedroom Units 1 Operating Expense 5621 Possible Use Multi-FamilyCommercialCommercial or Industrial Property Condition Not NewPreviously Owned Property Sub Type Income Property Senior Community YN No Sewer City Sewer Special Listing Conditions Private Owner Tax Annual Amount 2756 Tax Year 2023 Tenant Pays GasElectricityWaterSewerTaxesInsuranceInterior MaintenanceCommon Area MaintenanceTrash Collection Unit1 Rent 2800 Unit2 Rent 1200 Utilities Natural Gas AvailableElectricity Available Water Source City WaterDenver Zoning E-MS-3

Listing information © 2024 Information and Real Estate Services
Listing provided courtesy of Kristen M Miller of A Perfect Location Realty: 3036527777.



© 2024 Information and Real Estate Services, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Sears Real Estate. Data last updated: 2024-11-10T23:41:06.323.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
 
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