SOLD: 1260-1262 Tennyson Street (2 Units)

Calibrate Real Estate announces the sale of a 2-unit building located in the Denver neighborhood, at 1260-1262 Tennyson Street. Jim Casey worked with both the Buyer and Seller in this successful transaction.

This multifamily property is located just off of the West Colfax neighborhood which is experiencing a burst of new development. This property was sold off-market. The Buyer has plans to Owner Occupy and hold for future development.

For more details on this sale, please see below; 

1260-1262 Tennyson Street – Marketing Brochure

Colorado Neighborhood: Denver
Address:  1260-1262 Tennyson Street, Denver CO 80204
Sale Date: 12/20/19
Sale Price: $735,000
Price/Unit: $367,500
Price/SF: $243.87
# of Units: 2
Building Size: 3,014 SF*
Lot Size: 6,250 SF*
Year Built:1964
*Reader to verify accuracy of square footage. Square footage data was obtained from Denver County Assessor’s website.*

UNIT BY UNIT RENT ROLL:
1: 2Br/1Ba: $2,400/Month
2: 2Br/1Ba: $1,800/Month

INVESTMENT HIGHLIGHTS:
– Duplex: 4Br/2Ba Layout for Both Units
– Granite Counter Tops
– Zoning MU-3
– 5.6% CAP Rate on Current Financials
– Surrounded by New Development on West Colfax and Sloan’s Lake
– Development Potential with Cash Flow in Place

Calibrate2019-75

Jim Casey                                                                     303-343-8333 | Jim@CalibrateRE.com

Calibrate Real Estate (303) 482-2828
2425 S. Colorado Blvd. #250, Denver, CO 80222
http://www.CalibrateRE.com
http://www.DenverApartmentBuildingsForSale.com

Leave a Reply