$1,450,000
$1,450,000
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2441 Stout ST Denver, CO 80205
3,132 Sqft Lot
Key Details
Sold Price $1,450,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 9430469
Sold Date 10/20/22
Style Traditional
HOA Y/N No
Originating Board recolorado
Year Built 1888
Annual Tax Amount $5,124
Tax Year 2021
Lot Size 3,132 Sqft
Acres 0.07
Property Sub-Type Multi-Family
Property Description
Well-maintained apartment building located in the Historic District in RINO. This 5-unit apartment building has a great traditional architectural look from 1888 the year the building was built. An addition was added in 1910. The present owner has never had problems in renting out the units as its closeness to public transportation and ease in getting to the interstate, airport, downtown, and RINO makes it a sought-after location. Its current zoning allows 2.5-story rowhouses to be built on the property. Put this property in your sights and set a showing. 2441 Stout Street has a Walk Score of 87 out of 100. This location is Very Walkable so most errands can be accomplished on foot. 2441 Stout Street is a three-minute walk from the D 30th & Downing Station to Littleton-Mineral Station at the 25th & Welton Station stop. This location is in the Five Points neighborhood in Denver. Nearby parks include Lawson Park, Glenarm Place Historic Residential District (historical), and Enterprise Hill Historic District. If you would like to know how to make the cap rate 5.5 or higher please give me a call. The owner is willing to finance for up to 5 years, then new owner will have to obtain a commercial loan.
Location
State CO
County Denver
Zoning U-RH-2.5
Interior
Fireplace N
Exterior
Parking Features Concrete
Utilities Available Electricity Connected, Internet Access (Wired), Natural Gas Connected, Phone Connected, Sewer Connected
Roof Type Fiberglass
Total Parking Spaces 2
Garage No
Building
Lot Description Historical District, Near Public Transit
Sewer Public Sewer
Water Public
Structure Type Brick, Frame, Stucco
Others
Acceptable Financing Cash, Conventional, Owner Will Carry
Listing Terms Cash, Conventional, Owner Will Carry
Special Listing Condition None
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