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$999,500

Est. payment - /mo

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2.5 Baths

2,334 SqFt

Price Dropped by $150K

4100 Eliot ST Denver, CO 80211

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Brooke Shepherd

brookeashepherd@gmail.com +1(719) 432-8485

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,334 sqft

Price per Sqft $428

Subdivision Sunnyside

MLS Listing ID IR1027341

Style Cottage

Full Baths 1

Three Quarter Bath 2

HOA Y/N No

Abv Grd Liv Area 1,517

Originating Board recolorado

Year Built 1925

Tax Year 2023

Lot Size 6,098 Sqft

Acres 0.14

Property Sub-Type Triplex

Property Description

Turnkey Investment Opportunity in the Heart of Sunnyside! Investor alert! This fully leased up/down duplex and carriage house (3 units total) in sought-after Sunnyside generates $6,095/month in rental income. Situated on a large corner lot, this 1925 all-brick bungalow has been thoughtfully converted into three separately addressed units, making package deliveries and tenant independence seamless. The main house is divided into two - 2-bed, 1-bath units, each with its own private entrance and in-unit washer/dryer. A legal carriage house sits at the rear of the property, offering another 2-bed, 1-bath unit with its own gas and electric meter (this 504sf ADU is not part of the sqft total). The main house shares utilities, keeping operational costs low and each have separate furnaces that are less than 5 years old for comfortable climate control. Designed for low-maintenance ownership, the xeriscaped, fully fenced lot reduces upkeep while providing private outdoor space, including a garden area or small yard. The classic covered front porch preserves the charm of this 1925 bungalow, appealing to long-term renters. Cap Rate: 5.917 Cap Rate Calculation: Taxes $4504, Ins $3500, Repairs $6095, Gross Income: 73,140.00, Operating Expense: 14,000.00, Annual Net Income: 59,041.00. Located in highly desirable Denver neighborhood, tenants enjoy walkability to shops, restaurants, parks, and public transit. With strong rental demand, stable cash flow, and a prime location, this property is the perfect turnkey investment for any portfolio!

Location

State CO

County Denver

Zoning U-SU-C1

Rooms

Basement Walk-Out Access

Main Level Bedrooms 2

Interior

Interior Features Eat-in Kitchen

Heating Forced Air

Cooling Air Conditioning-Room

Flooring Wood

Fireplace N

Appliance Dishwasher, Dryer, Oven, Refrigerator, Washer

Exterior

Utilities Available Cable Available, Electricity Available, Natural Gas Available

Roof Type Composition

Total Parking Spaces 2

Building

Lot Description Corner Lot

Water Public

Level or Stories Tri-Level

Structure Type Brick

Schools

Elementary Schools Columbian

Middle Schools Skinner

High Schools North

School District Denver 1

Others

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Listed by Key Realty Partners Llc • 3038001000