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(720) 432-8695
New Horizons Real Estate
427 S Lincoln St, Denver, CO 80209
- $789,000
- 2
- BD
- 3
- BA
- 2,352
- SqFt
- List Price
- $789,000
- Status
- ACTIVE
- MLS#
- 2419981
- Price Change
- ▼ $36,000 1787281768
- Year Built
- 1925
- Bedrooms
- 2
- Bathrooms
- 3
- Living Area
- 2,352
- Region
- Metro Denver
- Subdivision
- South Broadway
Property Description
Outstanding value-add investment opportunity on a rare double lot in a prime central Denver location! Originally built as a single-family home, this property was converted into a four-unit income property featuring a studio, one-bedroom, two-bedroom, and three-bedroom unit, offering a diverse unit mix and multiple income streams. Three of the four units are currently tenant occupied, providing immediate rental income. The fourth unit, a three-bedroom basement unit, is vacant following foundation repairs and is ready for the next owner to complete the renovation. With the remaining improvements finished, the property offers an excellent opportunity to increase rental income and build additional equity. Situated on a double lot, the property features a large off-street parking area with space for approximately six vehicles-a valuable amenity in central Denver. Conveniently located near South Broadway, downtown Denver, shopping, restaurants, parks, public transportation, and major commuter routes, this property presents an excellent opportunity for investors seeking immediate cash flow with significant upside potential. Property is being sold AS-IS.
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Additional Information
- Taxes
- $4,360
- School District
- Denver District 1
- Elementary School
- Lincoln
- Middle School
- Grant
- High School
- South
- Heating
- Baseboard
- Utilities
- Electricity Available, Master Metered, Master Metered
- Garage Spaces
- 7
- Zoning
- U-TU-B2
Listing courtesy of Greg Cunningham.
greg@rentgrace.com,303-641-7694
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Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker of MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.