Active
3530 W Lehigh Avenue
Denver CO, 80236
$2,100,000
$216.05 per sqft
Active
9,720 sqft
Commercial
Built in 1972
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.
4952571
MLSⓇ ID
March 28, 2024
Listed
February 12, 2025
Updated
Interior Features
Total Stories
2
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.25 Acres
Exterior Features
Lighting
Lot Features
Corner Lot, Landscaped, Near Public Transit, Sprinklers In Front, Sprinklers In Rear
Roof
Membrane
Sewer
Public Sewer
Other Property Details
Taxes
$4,507
Tax Frequency
Annually
Garage
No
Parking
Asphalt
Parking Total
27
View
No
County
Arapahoe
Water Source
Public
Pool
No
Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected
Zoning
RC
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Data last updated 9:48 AM UTC, 2/12/2025
