1625 N Downing Street, Denver, CO 80218

$1,695,000
11
BD
4
BA
5,716
SqFt

Courtesy of NextHome Summit Group . darla@nexthomesummitgroup.com

List Price
$1,695,000
Price Change
▼ $55,000 1713672799
Type
Multifamily
Status
ACTIVE
MLS Number
4897453
Finished Sqft
5,716
Above Grade Sqft
4251
Total Sqft
5716
Subdivision
Swallow Hill
Sub-Area
Swallow Hill
Year Built
1901

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. New buyer should submit a 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.

Additional Information

School District
Denver 1
Elementary School
Denver Language School
Middle School
Denver Language School
High School
East
Parking Features
Asphalt, Lighted
Style
Denver Square, Victorian
Basement
Daylight, Exterior Entry, Finished, Full, Interior Entry, Walk-Out Access
Basement Finished
Yes
Lot Size
7,300
Acres
0.17
Taxes
$26,588
Tax Year
2022

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Calculator source: Real Geeks


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