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3530 W Lehigh Avenue, Denver, CO 80236
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$2,100,000
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Home Details for 3530 W Lehigh Avenue
Price
$2,100,000
Type
Commercial/Industrial
Year Build
1972
Sq. Ft.
9720
Lot Size
0.25
County
Arapahoe
Tax
$4,507
MLS®️ Listing#
4952571
On exitrealty.com
507 days
Property Description
Attention savvy investors! Presenting a rare opportunity to acquire a meticulously remodeled multi-family building with nine units. This property boasts a prime location and impeccable features designed to maximize returns and tenant satisfaction.
Each unit has been tastefully renovated, offering a mix of three 2-bedroom units and six 1-bedroom units. The remodel in 2020 ensured modern living standards with brand new kitchens featuring new cabinets, stainless steel appliances, and granite countertops. Updated bathrooms, new flooring, in-unit washer and dryer and wall-mounted A/C units enhance comfort and appeal. Plus, one unit features handicap ramp access, ensuring inclusivity and compliance with accessibility standards.
Investors will appreciate the added value of recent upgrades including new fire sprinklers with monitoring, new plumbing, new electrical system and new sewer line. The property is equipped with a bike rack and provides ample parking with nine dedicated spots, plus street parking for tenants.
With a remarkable 100% occupancy rate since September 2020, this investment promises steady cash flow. Tenants enjoy the convenience of nearby public transportation, with the Light rail just 5 minutes away and a bus stop a mere 1 minute stroll. Additionally, the River Point shopping center is only 5 minutes away, adding to the property's desirability.
With a current rental license up to date and a desirable assumable loan at a competitive rate of 3.36% through March 2031, this property offers a turnkey solution for investors seeking a reliable income stream in the commercial housing market. Act now to seize this exceptional opportunity and elevate your investment portfolio! Schedule your viewing today.
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- Utilities
- Natural Gas Available
- Electricity Connected
- Natural Gas Connected
- Sewer Connected
- Water Features
- Public
- Garage
- false
- Parking
- Asphalt
Listing Courtesy: HomeSmart - 720-226-4193
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EXIT REALTY DTC, CHERRY CREEK, PIKES PEAK
383 Inverness Parkway Suite 140, Englewood, CO 80112
Licensed in the state of Colorado
Sheryll White Broker. 303 790 7200
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EXIT REALTY DTC, CHERRY CREEK, PIKES PEAK
383 Inverness Parkway Suite 140, Englewood, CO 80112
Licensed in the state of Colorado
Sheryll White Broker. 303 790 7200