3201 W Alabama Place
Denver, CO 80219
4337 sqft | 0.36 acres | #8566059
Description
Great investment opportunity for worry-free cash flow supported by stable occupancy, along with value add potential. The building is 100% occupied as of the listing date, with several long term tenants.
The next owner can increase revenue even without raising rent by implementing RUBS and paid parking, and reducing expenses with professional or self management. Average rent is currently 15% below market. Unit updates on turnover will ensure this property continues to perform at market rate.
Location is perfect for workforce housing, in a quiet neighborhood just off Federal Blvd, near bus routes, schools, and urgent care. Local amenities include numerous restaurants, parks, and outdoor entertainment. In-unit amenities include washer/dryer hookups and individual furnace and water heater.
Property Details
- Structure TypeLow Rise (1-3)
- Sewer InformationPublic Sewer
- Property SubtypeMulti Family
- Lot DescriptionCorner Lot
- Original List Price$1,299,999
- Property TypePurchase
- MLS #8566059
- Cost1299999
- MLS #8566059
- Utility SourcePublic
- CountyDenver
- Taxes Annual$5,373
- Acres0.36
- Square Feet4337
- Year Built1960
Location
Legal
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Last Updated: . Source: RECOLORADO
Listing Courtesy
Listing Agent: Brian Bell (#REC155066104)
Listing Office: BellStreet Inc (#RECM7955)
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