6345 Martin Luther King Boulevard, Denver, CO

$1,995,000

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0.32

Acres

About 6345 Martin Luther King Boulevard

BACK ON MARKET!! (Buyer Loan Fell) Major Renovation completed Dec 2018! 6.1 CAP with basic expenses uniform to any owner (tax, insurance, utilities)! With Seller's full 2020 expenses (incl management fees, heavy banking fees, repairs, other electives) it is a 5.5 CAP. Current Gross Rent Collection: $11,020/mo! EXCELLENT! Gutted and remodeled- All units received all new kitchens with granite counters, soft close cabs, stainless Frigidaire appliances. Bathrooms with new tile, showers, vanities, fixtures. Hardwood floors refinished & gleaming, all windows vinyl double pane, all new paint, lighting, hardware, blinds. All units are 3beds 2 baths: 2 beds & 1 full bath on 1st floor, plus 1 legal bed 1 bath plus den and laundry/storage in each newly finished basement. All appliances, W/D included! All units received new furnaces, water heaters, and A/C! New electrical service drop, individually metered for gas & electric (common water). Units are finished as if one were flipping 500k homes, not apartment grade - and performing high as a result. Fully permitted & inspected. Three units on Sec 8 - rent security! (4 units Sec 8 approved) One unit will be made available for showing, inspect others upon contract, please do not alert tenants. Unit layouts and finishes all substantially the same, photos are from post remodel, prior to occupancy. Seller to do 1031ex.

Features of 6345 Martin Luther King Boulevard

MLS® # 2349138
Price $1,995,000
Bathrooms 0.00
Acres 0.32
Year Built 1958
Type Commercial Sale
Sub-Type Multi Family
Style Contemporary
Status Active

Community Information

Address 6345 Martin Luther King Boulevard
City Denver
County Denver
State CO
Zip Code 80207

Amenities

Is Waterfront No
Has Pool No

Interior

Fireplace No

Exterior

Roof Composition
Construction Brick, Block, Frame

Additional Information

Date Listed October 16th, 2020
Days on Market 289
Zoning E-SU-G
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeVIP REAL ESTATE CO

Listing Map

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