1625 North Downing Street
1625 North Downing Street
$1,595,000
11
4
5,716
5,716
$279
Description
$284/SF 7,300SF Lot! This is a steal! 2019 price! Live in the main/2nd floor unit and receive $4000 in rental income from the 2 apartments! Historic building. Not registered, but can be - potential tax credits for further remodel. Owner is in process of converting use to residential from office to reduce taxes. Buy with FHA loan! Or cash flow with only 25% down even with current rates. Multi-family market will go up again in 2 years. This is the last chance to buy this property at this price. We...$284/SF 7,300SF Lot! This is a steal! 2019 price! Live in the main/2nd floor unit and receive $4000 in rental income from the 2 apartments! Historic building. Not registered, but can be - potential tax credits for further remodel. Owner is in process of converting use to residential from office to reduce taxes. Buy with FHA loan! Or cash flow with only 25% down even with current rates. Multi-family market will go up again in 2 years. This is the last chance to buy this property at this price. We will pull it off the market and continue renting it. Gorgeous turn of the century Denver Mansion. They don't build them like this anymore. 100% leased currently but owner/user negotiable. Original wood detail and stained glass windows, fireplace tiling, full brickwork, 2nd floor balconies and more in this 1901 Frank Edbrooke Classic designed all brick and stone 5,613 SF mansion in the heart of the Historic Swallow Hill District. The neighborhood is diverse with office and residential with plenty of retail conveniences on 17th and on 15th nearby. Extra large lot is 7,300SF which includes a parking lot off the alley with 9 spaces, large back deck, large front porch and gardens, as well as a fully fenced side yard. The price includes a $150K basement remodel recently completed with a renter in place at $2100/month. The price has been reduced for quick sale. Class A building at 6% cap rate with G-RO-3 zoning. This building could offer potential for an owner/user or additional future income or development/expansion. Three levels have been updated with new flooring keeping original on main floor, claw foot tubs on all levels, 5 fireplaces, 2 furnaces, 2 AC units. fully landscaped with sprinklers. Roof is in good condition but not new. Brickwork has been maintained but trim could use exterior paint this year. Possible Uses G-RO-3 zoning 1. multi-family any number of units up to 3 stories, 2. Office 3. Retail or light manufacturing 4. Single family home
- Listed by Darla Greenwaldt • NextHome Summit Group • darla@nexthomesummitgroup.com
Property Details for 1625 North Downing Street
Structure Type
Triplex
Architectural StyleDenver Square, Victorian
LevelsThree Or More
Stories3
Subdivision NameSwallow Hill
AssociationNo
BasementYes
Location
LISTING UPDATED: 05/19/2024 11:47 AM
Property Details for 1625 North Downing Street
Status | Active |
---|---|
MLS # | 4897453 |
Days on Compass | 47 |
Taxes | $26,588 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1901 |
Lot Size | 0.17 AC / 7,300 SF |
County | Denver County |
Location
Building Information for 1625 North Downing Street
Stories-Residences-Year Built1901Building Size-Lot Size0.17 AC / 7,300 SF
Payment Calculator
$10,920 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1625 North Downing Street
Property History for 1625 North Downing Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1625 North Downing Street
Taxable ValueLand$193,350Additions$206,070Total$399,420
Tax Record2023$30,949 ($2,579 / month)
Home Facts
Beds0Total Finished SqFt5,716 SqFtAbove Grade Finished SqFt5,716 SqFtStories3Lot Size7,230 SqFtStyleSingle Family ResidenceYear Built1939Year Renovated1989ZoningG-RO-3CountyDENVERAPN02354-19-015-000
Schools near 1625 North Downing Street
This home is within Denver County 1 School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 5 | |||
Public - | PK to 8 | |||
Charter - | K to 5 | |||
Charter - | K to 5 |
Rating | School | Distance |
---|---|---|
Cole Arts And Science Academy PublicPK to 5 | ||
Whittier K-8 School PublicPK to 8 | ||
University Preparatory School CharterK to 5 | ||
Wyatt Academy CharterK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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