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Mark & Shey Stitt

mountainhomesincolorado@gmail.com +1(303) 870-8826

$ 2,000,000

Est. payment | -/mo

3 Beds

3 Baths

3,679 SqFt

Save

$ 2,000,000

Est. payment | -/mo

Save

3 Beds

3 Baths

3,679 SqFt

Key Details

Property Type Townhouse

Sub Type Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 3,679 sqft

Price per Sqft $543

Subdivision Downtown

MLS Listing ID 8582115

Style Townhouse

Bedrooms 3

Full Baths 2

Three Quarter Bath 1

HOA Y/N No

Abv Grd Liv Area 3,679

Year Built 1964

Annual Tax Amount $5,134

Tax Year 2021

Lot Size 4,356 Sqft

Acres 0.1

Property Sub-Type Townhouse

Property Description

This one-of-a-kind investment opportunity is within a close-knit neighborhood of people (some being there up to 30 years) developing & cultivating this special location for future growth and appreciation. Its accessibility to major thoroughfares, as well as Downtown, and Cherry Creek, affords desirability on both commercial and residential investment opportunities and income. Having the ability to interchange, depending upon the market, is not only rare but priceless at the same time. This mid-century modern structure has been transformed into an Urban Modern Complex. The possibilities and potential of use are endless. Currently, the division of property allows for a commercial rental space complete with a reception area, 2 enclosed offices, Boardroom, kitchen and bathroom. The front garden gives way to a pleasant entry. Additionally, with ease, this space could immediately be converted into a high-return Airbnb. Research has shown that a basement-level small one-bedroom unit brings in $170/night and has a consistent rental roll. Comparatively speaking, one could surmise a $300/night rate for this type/kind of unit. The private and unassuming living quarters behind and above the aforementioned income unit can be accessed from either the front or rear of the structure. The security-locked gates gives that added peace of mind for the primary unit. The open living space is conducive for any type or size of entertaining and provides ambiance effortlessly from the design style, room lighting to the illuminated Onyx fireplace and hidden cocktail service bar. Entertaining or relaxing doesn't end inside due to one of the best rooftop patios in the city. Enjoy al fresco dining or share day or night the wonderfully appointed outdoor living space complete with a firepit. The entire structure is insulated by mature landscaping and the beauty of sitting directly across from Sunken Gardens Park, one of Denver's most hidden gems and rarely used. UrbanModernComplex.com/?a=1

Location

State CO

County Denver

Zoning G-RX-5

Rooms

Primary Bedroom Level 2

Main Level Bedrooms 2

Interior

Interior Features WetBar, BuiltinFeatures, EatinKitchen, FivePieceBathroom, WalkInClosets

Heating ForcedAir

Cooling CentralAir

Fireplaces Number 1

Fireplaces Type Gas, LivingRoom

Fireplace true

Appliance Dishwasher, Disposal, Microwave, Range, Refrigerator, RangeHood, WineCooler

Exterior

Garage Spaces 2.0

Roof Type Other

Present Use LiveWork

Porch Patio, Rooftop

Attached Garage true

Total Parking Spaces 2

Garage true

Building

Lot Description NearPublicTransit

Story 2

Sewer PublicSewer

Water Public

Level or Stories Two

Structure Type Brick

New Construction No

Schools

Elementary Schools Dora Moore

Middle Schools Strive Gvr

High Schools West

School District Denver 1

Others

Senior Community false

Tax ID 5036-09-065

Ownership Individual

Security Features SecuritySystem,SecuredGarageParking

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

Listed by LIV Sotheby's International Realty

Schools and Properties Nearby

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(303) 870-8826

mountainhomesincolorado@gmail.com

865 Delaware ST Denver, CO 80204