50 Osceola Street, Denver

Here is your opportunity to buy a multifamily property, generating a 6.5% cap rate, live in one unit and rent out the others so your tenants pay your mortgage while you build equity living in the property. This is a legit four-plex just minutes from downtown Denver in the up-and-coming Barnum neighborhood. Each unit is; 725 sqft, 2 bedrooms and 1 bath (total sqft 2900) with great parking (each unit has 4 spaces). The entire complex has been redone with new everything.. over $200k of upgrades inside and out. Outside, newer sewer line, and new fencing with storage for each unit. Newer roof and new exterior paint and doors. Gas meters and electric are separated for each unit. All units have open floor plans with new luxury vinyl-wood flooring, new kitchens with Gray shaker cabinets with soft closing draws and pulls, granite countertops, subway backsplash, and new stainless steel appliances. The bathrooms are all new with fixtures and lighting. 2 units have new windows and other 2 newer windows. The furnaces are 3 years old and new water heaters. All new electrical and plumbing, plus trim, doors, and paint. Each unit has stackable W&D. Tenants have 2-year leases starting between December 2023 and February 2024. There is no smoking or pets allowed. All Units pay $1850 a month rent per month. Gas and electrical are paid by tenants. BONUS: This listing is in a LMIT area (Low to Moderate Income census Tract) as well as being in a Huntington assessment area. Therefore, closing costs are limited to $500.00! This includes processing fees, appraisal fees, survey and recording fees – just to name a few. All units are currently occupied but Owner Occupancy Is Available with a 2 month notice. This investment property offers it all - too good to pass up!

HomeSmart.

Essential Information

MLS® #1995407

Price$1,145,000

Bedrooms8

Bathrooms4.00

Square Footage2,900

Acres0.22

Year Built1954

TypeIncome

Sub-TypeQuadplex

StyleUrban Contemporary

StatusActive

Community Information

Address50 Osceola Street

SubdivisionBarnum

CityDenver

CountyDenver

StateCO

Zip Code80219

Utilities

Cable Available, Electricity Available, Electricity Connected

Interior

HeatingForced Air

CoolingCentral Air

StoriesTwo

Interior Features

Granite Counters, Open Floorplan

Appliances

Cooktop, Dishwasher, Disposal, Dryer, Gas Water Heater, Microwave, Oven, Refrigerator, Washer

Exterior

Exterior FeaturesRain Gutters

Lot DescriptionNear Public Transit

RoofComposition

FoundationBlock

School Information

DistrictDenver 1

ElementaryNewlon

MiddleKepner

HighWest

Additional Information

Date ListedFebruary 26th, 2024

ZoningE-SU-D1X

Parking Spaces16

Listing Details

HomeSmart

Property History

Apr. 13Price Reduced from $1,175,000 to $1,145,000

Mar. 11Price Reduced from $1,199,000 to $1,175,000

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