Brishen Combs Colorado Springs, CO REALTOR Residential Realtor Sellers & Buyers, Luxury properties, Military Buyers, New Builds, multi-plex, Investment Properties
Address
1625 N Downing Street, Denver, CO
Price
$ 1,625,000
Property Attributes
  • MLS#4897453
  • TypeMulti-Family
  • CountyDENVER
  • CityDenver
  • NeighborhoodSwallow Hill
  • Zip80218
  • StyleDenver Square,Victorian
  • Year Built1901
  • Taxes$ 26588
  • Price$ 1,625,000
  • Bedrooms11
  • Full Bathrooms4
  • Half Bathrooms0
  • Sqr Footage5716
  • Lot Size7,405 SqFt
Data Source:
REColorado (MTOMLS)
Property Description

Gorgeous turn of the century Denver Mansion. They don't build them like this anymore. 100% leased - however possibility for owner use if they desire. Original wood detail and stained glass windows, fireplace tiling, full brickwork, 2nd floor balconies and more in this 1901 Frank Edbrooke Classic designed all brick and stone 5,613 SF mansion in the heart of the Historic Swallow Hill District. The neighborhood is diverse with office and residential with plenty of retail conveniences on 17th and on 15th nearby. Extra large lot is 7,300SF which includes a parking lot off the alley with 9 spaces, large back deck, large front porch and gardens, as well as a fully fenced side yard. The price includes a $150K basement remodel recently completed with a renter in place beginning May 1. The price has been reduced this past week for quick sale.Class A building at 5.5% cap rate with G-RO-3 zoning. This building could offer potential for an owner/user or additional future income or development/expansion. Three levels have been updated with new flooring keeping original on main floor, claw foot tubs on all levels, 5 fireplaces - could easily add gas inserts. 2 furnaces, 2 AC units. fully landscaped with sprinklers. Roof is in good condition but not new. Brickwork has been maintained but trim could use exterior paint this year. Current Property Taxes are based on prior commercial use. Seller is in process of change of use to residential for entire building and taxes would be significantly lower and also allow a rebate of prior years taxes as well. Possible Uses for this G-RO-3 zoned historic home are 1. multi-family any number of units up to 3 stories, 2. Office 3. Retail or light manufacturing- coffee shop/boutique/daycare/dog grooming/ bar/restaurant/medical/spa/etc. 4. Single family home - add a garage in back or possible ADU with garage underneath (continue to rent basement and/or attic for additional income) Call the listing agent directly for all showings.

Elementary School Middle School High School
Denver Language School Elementary School Denver Language School Middle School East High School
Price History
4/2/2024 Listed $1,750,000
4/21/2024 4% - $1,695,000
5/1/2024 5% - $1,625,000

General Features

Sewer Public Sewer
Heating Forced Air,Natural Gas
Cooling Central Air
Roof Composition
Appliances Disposal,Microwave
Zoning G-RO-3
Patio/Porch Features Covered,Deck,Front Porch
Architectural Style Denver Square,Victorian
Security Features Carbon Monoxide Detector(s),Security Entrance,Smart Locks,Smoke Detector(s)
Construction Materials Brick,Stone
Exclusions Tenant Property
Year Built 1901
Tenant Pays Cable TV,Internet,Telephone
Levels Three Or More
Property SubType Triplex
Tax Year 2022
Percent Ownership Individual
Gross Income 122000
OwnerPays Electricity,Exterior Maintenance,Gas,Grounds Care,Insurance,Taxes,Trash Collection,Water
Building Name Franke Edbrooke Mansion
County Denver
Operating Expense 32000
Property Type Residential Income
HOA / Comm Assn No
Attached Garage No
Subdivision Name Swallow Hill
Status Active
High School East
City Denver
Buyer Agent Compensation 2
Entry Location Exterior Access
Senior Community Y/N No
High School District Denver 1
Lot Size Square Feet 7300
Street Name Downing
Listing Terms 1031 Exchange,Cash,Conventional,FHA
Elementary School Denver Language School
Tax Annual Amount 26588
Middle/Junior High School Denver Language School
Property Condition Updated/Remodeled
Structure Type Triplex
Standard Status Active
Occupancy Type Tenant
Middle/Junior School District Denver 1
Elementary School District Denver 1
Cap Rate 5.5
Buyer Agent Compensation Type %

Interior Features

Basement Daylight,Exterior Entry,Finished,Full,Interior Entry,Walk-Out Access
Flooring Wood
Total Fireplaces 5
Common Walls No Common Walls
Basement (Y/N) Yes
Above Grade Finished Area 4251
Street Suffix Street
Laundry Features In Unit
Total Bedrooms 11
Below Grade Finished Area 1465
Total Baths 4

Exterior Features

Fencing Partial
Parking Features Asphalt,Lighted
Lot Features Historical District,Irrigated,Landscaped,Level,Many Trees,Near Public Transit
Water Source Public
Total Parking 9
Lot Size Area 7300
Foundation Details Concrete Perimeter,Slab
Building Area Total 5716
Lot Size Acres 0.17
Lot Size Units Square Feet

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 80218

Price
AVG $1.28M
$1.63M
Taxes
AVG $10,913
$26,588
Visits
AVG 159
149
Data Provided by Inside Real Estate®
Year Built
AVG 1903
1901

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.

Areas We Cover