$749,000

2340 S Broadway

Denver CO, 80210

Description

Rare South Broadway investment property opportunity. Great live-work option with retail exposure. Present un-billed use by Seller of high demand garages, storage and retail space could yield an immediate additional rent of $18000 resulting in a 6.2% CAP RATE. With rents below market value there is great upside potential with an even stronger CAP rate. All residential units are currently and historically fully rented. Flexible U-MX-3 Zoning. 10 year Owner-carry a possible option. Front section built circa 1956 and main building circa 1900. RTD-convenient with bus stop just steps away. Good parking with its 2 garages,1 off-street space as well as generally available parking in front of building. New roofs and hot water heater in 2016. Storage unit in garage with its utilities in place could be converted to a common laundry room facility. See property brochure/financials in supplements as well as extensive photos for more details.

Details

MLS#2968585
StyleRetail
Sub-TypeResale
StatusActive
Year1956
Days On Site12

Features

SQ Feet2,718
Story(s)1
Units5
ZoningU-MX-3

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Area Information

StateCO
CountyDenver
CityDenver
Zip Code80210
AreaDenver
Listing VS Median (in 80210)
Price:
$749,000
low | high
Med:
$640,000
64.552736982644% of Average
SqFt:
2,718
low | high
Med:
3,009
39.293598233996% of Average
$ / SqFt:
$276
low | high
Med:
$213
72.816330714133% of Average
On Site:
12
low | high
Med:
8
100% of Average
Listing Updated: 10/18/2019
MLS Number: 2968585
Listing Provided By:
Art Belefonte  of  BELEFONTE BROKERS
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