Residential in Denver

$975,000

1015 Eliot, 80219, Denver, CO

Residential for sale in Denver, 1015 Eliot, 80219, 5043 m²

1015 Eliot, 80219, Denver, CO

$975,000

8Bed
8Bath
5043
Type: Residential

Description

Well-maintained 4-unit investment opportunity in a centrally located Denver neighborhood with strong rental demand and value-add potential. The property consists of four 2-bedroom, 1-bath units in a two-story, walk-up building with dedicated off-street parking and direct exterior unit entrances. Three units are currently occupied (all June 1st expirations), providing a new owner to renew current leases, capturing the immediate income, while one unit is vacant and fully renovated, featuring new drywall, fresh paint, new carpet, and updated appliances - ideal for an owner-occupant or to lease at market rent; or provides a new owner an opportunity to not renew the remaining tenants and have a fully vacant 4-unit building to reposition. The asset offers a compelling blend of in-place cash flow and upside through rent increases, with similar units in the area supporting higher rental rates. Recent improvements and ongoing exterior cleanup enhance the property's appeal and reduce near-term capital needs. Located with convenient access to major corridors, public transportation, and neighborhood amenities, this property presents an excellent opportunity for investors seeking a stable, small multifamily asset with operational upside.

Location

1015 Eliot, 80219, Denver, CO

Data

Object TypeResidential
Purchase Price$975,000
Living Space5043 m²
Plot Size728.43 m²
Bathrooms8
Construction Year1979
ConditionNot specified
RoomsN/A

Energy Information

Heating TypeForced Air
Primary Energy SourceN/A
Construction Year1979
Energy CertificateN/A
Final Energy DemandN/A
Certificate Valid UntilN/A
Energy Efficiency ClassN/A

Contact Agent

Listing Agent