Asking Price: $1,195,000
Building Size: 3,822 SQ FT
Lot Size: 6098
Cost per Square Foot: $312.66
SVN| Denver is pleased to bring 771-773 Bellaire Street to the market. This property is a 4 unit apartment building built in 1940 located in the highly desirable Hale neighborhood, just 3 blocks from Congress Park and 10 minutes from Downtown Denver. The complex has (2) 2 Bed / 1 Bath units and (2) 1 Bed / 1 Bath Units. The structure totals 3,822 SF and is situated on 0.14 Acre lot. The property also has 3 separate parking garages in the back which produces income as well. This 4-Plex has been well kept, maintained and managed solely by the owner in the past years. The tenants are good, long-term tenants. This property is located minutes from Downtown Denver, making it a highly desirable location and property.
Key Points: • Walking distance to rose medical center • Walking distance to Snooze A.M. Eatery and Cheba Hut • Property is located two blocks from CO Blvd • Great development opportunity for a value-add apartment developer • The property sits on 0.14 Acre Lot • The building is 3,822 Square feet • Three garaged parking spots • Great opportunity for a first time or seasoned investor • Possible conversion into large duplexes • Mansory Construction • Neighboring property is similar • E 8th Ave and Albion St E has a traffic volume of 20,055 • E 8th Ave and Clermont St W have a traffic volume of 19,790 • Property is blocks from Congress Park, Cheeseman Park, Capitol Hill, and City Park • Opportunity to increase the rents • Long term tenants • Below market rents