1440 N Corona St., Denver, CO 80218
$1,275,000
3743
SQUARE FT
4
BATHROOMS
6
BEDROOMS
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About the Property:
4 Unit Income Property in Cap Hill offered at a 5.6% Cap Rate. Located in the heart of central Denver and close to many local amenities. This location is highly desired by Cap Hill residents due to walkability. Additionally, the vacant lot next door is slated for a new residential complex w/ retail on the ground level. That project is in permitting review with the City. This fully rented 4 unit property has had major updates performed by the current owners in the last 18 months including: replacing almost all of the cast iron and galvanized plumbing lines with ABS piping and PEX tubing, removal of two Aspen trees, two new mini-split systems installed in Unit 4 for heat and A/C, new wrought iron fence w/ gate, new fences with gates and digital keypad access, repairs to back wall, exterior motion lights installed, new exterior paint including all soffits, fascia, doors, trim, and backyard walls. Many additional projects have been performed in each of the units to increase functionality, security, and efficiency of the property as a whole. Built in 1904, this house has many original details and charm while remaining true to Denver architectural styles and design. Don't miss this rare chance to own a piece of local history! 2 Car detached garage plus 1 additional off street parking space. Owner is not currently charging tenants for utilities or laundry, allowing a new owner to increase revenue at lease renewals.