$1,100,000
- Beds
- 5
- Baths
- 1.75
- sq ft
- 2,204
1321 Elati St, Denver, CO 80204
1321 Elati St
Denver, CO 80204
- 92 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 #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: 11/08/2024 at 2:50 PM
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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