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$1,100,000

Beds
5
Baths
1.75
sq ft
2,204

1321 Elati St, Denver, CO 80204

1321 Elati St

Denver, CO 80204

  • 105 days on market
Renovated in 2018, this 1940’s duplex has unbeatable convenience in the heart of the Civic Center Neighborhood. The property presents a unique live-work or investment opportunity, catering to those seeking the ultimate urban experience. Just steps away from the Denver Art Museum, History Colorado Museum, the City and State Courthouses, Denver Hospital, CU Denver and Metro State Colleges. An array of restaurants and shops are also within easy reach. The location is truly accessible, a walker's paradise, with a Walk Score of 94, Transit Score of 78, and Bike Score of 97 out of 100, it's a breeze to get around the city without relying on a vehicle. This property has been a successful investment property for the owners who have self-managed the units as furnished and unfurnished rentals. Currently, both units have lease agreements until May, 2025 with a gross income of $4,850 per month. The landlord pays water, tenants pay electric and gas. Expenses including insurance, maintenance and water total approximately $7,000/year. The owner has negotiable furniture to make the transition to furnished rentals in the future if you so choose. The lower unit, which comprises the entire bottom floor of the duplex, is a two-bedroom, 1.5-bath charmer, with a powder room and ensuite bathroom from the primary bedroom. The second-floor unit, accessible by interior stairs from the front porch has three large bedrooms and one bath. Both units boast vaulted ceilings, beautifully restored original hardwood floors and trim, as well as in-unit washer/dryers. Renovations created open floor plans, and updated bathrooms, kitchens, and appliances. Mechanical systems including the HVAC, A/C, hot water heater and plumbing were upgraded ensuring a truly turnkey living experience. Each unit has two off-street parking spots, a true rarity in the heart of the city. For outdoor enthusiasts, each unit has a basement that provides ample storage space to accommodate Colorado adventure gear!

Details

Property type

Townhouse

Property condition

Updated/Remodeled

Lot size

3,125 sq ft

Price per sq ft

$500

Year built

1940

Annual property taxes

$4,181

Price History

08/08/2024
REColorado

REColorado #3483146

Listed
$1,100,000

Schools & Community

Neighborhood: 

Civic Center

Elementary school: 

Greenlee

Middle school: 

Strive Westwood

High school: 

Southwest Early College

High school district: 

Denver 1

Status: Active

Tomo last checked: 11/22/2024 at 1:10 AM

Listing updated: 08/16/2024 at 12:09 PM

Listed by: Nicole Malo, RE/MAX of Cherry Creek Phone #: (303) 320-1556

MLS: REColorado #3483146

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