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7721 E 14th Ave.

Denver, Colorado 80220

CONTACT BROKER
Price
$1,275,000
Property Type
Multifamily
# of Units
6
Building Size
3,425 SQFT
Lot Size
15,200 SQFT
Year Built
1948

Description

7721 E 14th Ave. is a 6 unit apartment building located just on the edge of the popular Montclair Neighborhood. With a walk score of 76, tenants enjoy easy access to shopping, dining, and transportation just steps away. All 6 units are renovated 1bed/1bath in a side by side layout which is always preferred by both tenants and investors alike. Investors have multiple options with this property which is situated in an opportunity zone on a hard corner 15,200 SF lot including cash flowing as-is, converting them to condos, or potentially selling to a developer in the future due to the large lot. Additionally, there are 6 garage spaces which are income producing and valuable in this high density neighborhood.

The property has received extensive renovations over the last 5 years including: a new roof, new windows, new paint & landscaping, new sewer lines, refurbished boiler, and adding laundry to some of the units. All the tenants are billed back for utilities in addition to the rent and they pay for electricity directly in their names due to having separate electric meters.

Highlights

  • Updated in the last 5 years: roof, windows, landscaping, sewer line, boiler, unit renovations
  • Opportunity zone
  • Large 15,200 SF lot on hard corner
  • Side-by-side layout units
  • Separately metered for electric
  • 6 separate garages

Brokers

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Jack Sherman

. Senior Advisor
(303) 903-9638.
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Hunter Schaefer

. Senior Advisor
(925) 989-8930.

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