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    3698 Glencoe Street

    Denver, CO 80207
    • $1,400,000
    • STATUS: Active
    • ON SITE: 35 days
    • ID#: 4395205
    UPDATED: 131 min ago
    $1,400,000
    • 8
      BEDS
    • 0.29
      ACRES
    • 4
      BATHS
    • 0
      1/2 BATHS
    • 3,712
      SQFT
    • $377
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1956
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Offered by Compass - Denver.

    Description

    Incredible investment property with unique opportunity to increase CAP Rate by 50% with minimal up front expenditures. All four units are rented well under market value with leases signed during the COVID-19 pandemic. Similar properties in the area are renting at $1,650+/month based on beds/baths & internal square footage. Current market rental rates for these units with no updates immediately offers a 5.1%+ CAP Rate! 4 off-street parking spaces already have a concrete pad poured, and adding a garage provides added opportunity to increase rents and easily push the CAP rate into the 6's. Very low vacancy rates. Long term potential is also strong with significant development in the surrounding area, coupled with walking paths and outdoor space right down the street at 38th and Hudson. Coffee shops and retail venues are popping up in the area, too. Each unit includes dishwasher, disposal, kitchen refrigerator, stove/range/oven, water heater, washer & dryer. Separate electric meters for each unit. Fenced backyard is shared between all four units and includes a storage shed and playground. Easy access to I-70 and downtown. Financial document available in MLS Supplements. This is a unique & exciting opportunity! No showings until an offer has been accepted. Buyer & Buyer's Agent to verify all information. No sign in yard. Please do not bother tenants. Call with any questions.

    Monthly Payment Calculator



    Licensed in the State of Colorado, USA

    The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (IDX) program of METROLIST, INC., DBA RECOLORADO®. Real estate listings held by brokers other than Keller Williams Downtown Denver LLC are marked with the IDX Logo. This information is being provided for the consumers’ personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

    1. This publication is designed to provide information regarding the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

    2. The information contained in this publication is subject to change without notice. METROLIST, INC., DBA RECOLORADO MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC., DBA RECOLORADO SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

    3. PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.

    4. METROLIST, INC., DBA RECOLORADO will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.

    5. ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. The information contained herein including but not limited to all text, photographs, digital images, virtual tours, may be seeded and monitored for protection and tracking.

    © 2021 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved 6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA

    www.bringhomedenver.com/homes/117203914
    Print Image

    3698 Glencoe Street Denver, CO 80207

    • Price: $1,400,000
    • Status: Active
    • Updated: 131 min ago
    • ID#: 4395205
    8
    Beds
    4
    Baths
    0
    ½ Baths
    0.29
    Acres
    3,712
    SQFT
    $377
    $/SQFT
    1956
    Built
    Neighborhood:
    Northeast Park Hill
    County:
    Denver
    Area:
    Denver
    Elementary School:
    Smith Renaissance
    Middle School:
    Mcauliffe International
    High School:
    East
    School District:
    Denver 1
    Property Description
    Incredible investment property with unique opportunity to increase CAP Rate by 50% with minimal up front expenditures. All four units are rented well under market value with leases signed during the COVID-19 pandemic. Similar properties in the area are renting at $1,650+/month based on beds/baths & internal square footage. Current market rental rates for these units with no updates immediately offers a 5.1%+ CAP Rate! 4 off-street parking spaces already have a concrete pad poured, and adding a garage provides added opportunity to increase rents and easily push the CAP rate into the 6's. Very low vacancy rates. Long term potential is also strong with significant development in the surrounding area, coupled with walking paths and outdoor space right down the street at 38th and Hudson. Coffee shops and retail venues are popping up in the area, too. Each unit includes dishwasher, disposal, kitchen refrigerator, stove/range/oven, water heater, washer & dryer. Separate electric meters for each unit. Fenced backyard is shared between all four units and includes a storage shed and playground. Easy access to I-70 and downtown. Financial document available in MLS Supplements. This is a unique & exciting opportunity! No showings until an offer has been accepted. Buyer & Buyer's Agent to verify all information. No sign in yard. Please do not bother tenants. Call with any questions.
    Exterior Features

    Attached Garage YN No Carport Spaces 0 Carport YN No Covered Spaces 0 Exterior Features PlaygroundPrivate Yard Fencing Full Garage YN No Lot Features LevelNear Public Transit Lot Size Area 0.29 Lot Size Square Feet 12500 Parking Total 4 Patio And Porch Features Front Porch Roof Composition Structure Type Quadruplex

    Interior Features

    Appliances DryerDishwasherDisposalGas Water HeaterOvenRangeRefrigeratorWasher Basement Crawl Space Basement YN No Cooling Evaporative Cooling Flooring Wood Heating Forced Air Heating YN Yes Interior Features Laminate CountersOpen Floorplan Laundry Features Main LevelIn UnitMultiple Locations Levels One Living Area Sq Ft 3712

    Property Features

    Above Grade Finished Area 3712 Association YN No Building Area Source Public Records Common Walls 2+ Common Walls Construction Materials Brick Exclusions Tenants' Personal Property Listing Terms CashConventional1031 Exchange Ownership Individual Possession Subject To Tenant Rights Property Sub Type Quadruplex Senior Community YN No Sewer Public Sewer Special Listing Conditions None Tax Annual Amount 3996 Tax Year 2019 Water Source Public Zoning E-Tu-B

    Listing courtesy of Compass - Denver: MLS #4395205


    Licensed in the State of Colorado, USA

    The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (IDX) program of METROLIST, INC., DBA RECOLORADO®. Real estate listings held by brokers other than Keller Williams Downtown Denver LLC are marked with the IDX Logo. This information is being provided for the consumers’ personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

    1. This publication is designed to provide information regarding the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

    2. The information contained in this publication is subject to change without notice. METROLIST, INC., DBA RECOLORADO MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC., DBA RECOLORADO SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

    3. PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.

    4. METROLIST, INC., DBA RECOLORADO will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.

    5. ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. The information contained herein including but not limited to all text, photographs, digital images, virtual tours, may be seeded and monitored for protection and tracking.

    © 2021 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved 6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA

     
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    Keller Williams Downtown Denver LLC
    901 Auraria Pkwy.
    Denver CO, 80204
    Offered by Compass - Denver.