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(720) 432-8695
New Horizons Real Estate
5355 Quitman St, Denver, CO 80212
- $950,000
- 8
- BD
- 4
- BA
- 3,400
- SqFt
- List Price
- $950,000
- Status
- ACTIVE
- MLS#
- 8926338
- Year Built
- 1971
- Bedrooms
- 8
- Bathrooms
- 4
- Living Area
- 3,400
- Region
- Metro Denver
- Subdivision
- Berkeley Gardens
Property Description
Turnkey 4-unit income property in a high-demand rental corridor near Regis University, currently operated as an up/down 4-plex with strong rent performance and minimal capital needs. At asking price, the property offers an estimated 6.2% cap rate based on current market rents, a strong return for the Denver multifamily market. Four separately accessed units (8 beds / 4 baths / 4 kitchens) each with washer/dryer hookups and dedicated living spaces create flexible tenant configurations and reliable cash flow. Property was renovated three years ago it has been well-maintained and is in good condition, reducing near-term maintenance risk and supporting future rent growth. Two oversized 1-car garages offer immediate income streams, while the large 13,300 sq ft lot presents a longer-term redevelopment play to scrape and build higher-end duplex product with mountain views, subject to buyer verification of zoning and entitlements.
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Additional Information
- Taxes
- $7,641
- School District
- Westminster Public Schools
- Elementary School
- Tennyson Knolls
- Middle School
- Tennyson Knolls
- High School
- Westminster
- Heating
- Forced Air
- Utilities
- Electricity Available, Cable Available, Master Metered, Master Metered
- Garage Spaces
- 2
- Tenant Pays
- Electricity
- Zoning
- R-2
Listing courtesy of Brady Efting.
brady@bradyefting.com
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