Description
Splendid over/under fully leased brick duplex located on the corner of the 2400 block of South Gilpin St. The strategic location of this property allows it to pull its tenant base from Centura Porter Adventist Hospital, the University of Denver, and people who either work in downtown Denver or the Denver Tech Center. Additionally, it is steps away from the Harvard Gulch pedestrian Trail allowing easy access to Downing St amenities such as Harvard Gulch mini park, DoBoer Park, Denver Beer CO, Little India, Lil Coffee Shop, Right Cream Ice Cream, and a Conoco gas station. The property is fully leased. The upper unit is paying $1900 + 50% G&E with a lease expiring May 31, 2023. The lower unit tenant is paying $1600 +50% G&E on a MTM basis and will be vacating at the end of April which gives the future owner immediate access to markets rents. The upper unit market rent equates to approximately $2300/mo and The Garden Level unit market rent should be approximately $1800/mo. This property will have very little down time between tenants and the previous owner had the upper unit pre-leased during the acquisition. Recent upgrades include: New HVAC unit installed June 2021. New Garden Level unit shower by Bathfitter installed February 2023. New Baseboard heater in living room of garden level unit installed 2022. New tiling in the kitchen of the upper unit and the bathroom of the lower unit installed June 2021. New Furnace installed March 2022. New Carpet & paint in the upper unit installed June 2021. New Egress Windows in lower unit bedrooms installed June 2021.
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4BEDS
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0.14ACRES
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2BATHS
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01/2 BATHS
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1,884SQFT
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$398$/SQFT
School Information
Offered by Lokation.Description
Splendid over/under fully leased brick duplex located on the corner of the 2400 block of South Gilpin St. The strategic location of this property allows it to pull its tenant base from Centura Porter Adventist Hospital, the University of Denver, and people who either work in downtown Denver or the Denver Tech Center. Additionally, it is steps away from the Harvard Gulch pedestrian Trail allowing easy access to Downing St amenities such as Harvard Gulch mini park, DoBoer Park, Denver Beer CO, Little India, Lil Coffee Shop, Right Cream Ice Cream, and a Conoco gas station. The property is fully leased. The upper unit is paying $1900 + 50% G&E with a lease expiring May 31, 2023. The lower unit tenant is paying $1600 +50% G&E on a MTM basis and will be vacating at the end of April which gives the future owner immediate access to markets rents. The upper unit market rent equates to approximately $2300/mo and The Garden Level unit market rent should be approximately $1800/mo. This property will have very little down time between tenants and the previous owner had the upper unit pre-leased during the acquisition. Recent upgrades include: New HVAC unit installed June 2021. New Garden Level unit shower by Bathfitter installed February 2023. New Baseboard heater in living room of garden level unit installed 2022. New tiling in the kitchen of the upper unit and the bathroom of the lower unit installed June 2021. New Furnace installed March 2022. New Carpet & paint in the upper unit installed June 2021. New Egress Windows in lower unit bedrooms installed June 2021.
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