Active
1321 N Elati Street
Denver CO, 80204
$1,100,000
$499.09 per sqft
Active
5 Beds
3 Baths
2,204 sqft
Town House
Built in 1940
Renovated in 2018, this 1940's duplex has unbeatable convenience in the heart of the Civic Center Neighborhood. The property presents a unique live-work or investment opportunity, catering to those seeking the ultimate urban experience. Just steps away from the Denver Art Museum, History Colorado Museum, the City and State Courthouses, Denver Hospital, CU Denver and Metro State Colleges. An array of restaurants and shops are also within easy reach. The location is truly accessible, a walker's paradise, with a Walk Score of 94, Transit Score of 78, and Bike Score of 97 out of 100, it's a breeze to get around the city without relying on a vehicle.
This property has been a successful investment property for the owners who have self-managed the units as furnished and unfurnished rentals. Currently, both units have lease agreements until May, 2025 with a gross income of $4,850 per month. The landlord pays water, tenants pay electric and gas. Expenses including insurance, maintenance and water total approximately $7,000/year. The owner has negotiable furniture to make the transition to furnished rentals in the future if you so choose.
The lower unit, which comprises the entire bottom floor of the duplex, is a two-bedroom, 1.5-bath charmer, with a powder room and ensuite bathroom from the primary bedroom. The second-floor unit, accessible by interior stairs from the front porch has three large bedrooms and one bath. Both units boast vaulted ceilings, beautifully restored original hardwood floors and trim, as well as in-unit washer/dryers. Renovations created open floor plans, and updated bathrooms, kitchens, and appliances. Mechanical systems including the HVAC, A/C, hot water heater and plumbing were upgraded ensuring a truly turnkey living experience.
Each unit has two off-street parking spots, a true rarity in the heart of the city. For outdoor enthusiasts, each unit has a basement that provides ample storage space to accommodate Colorado adventure gear!
3483146
MLSⓇ ID
August 8, 2024
Listed
September 27, 2024
Updated
Map
1321 N Elati Street
Denver CO, 80204
Interior Features
Total Stories
2
Bedrooms
5
Total Bathrooms
3
Quarter Bathrooms
1
Three-Quarter Bathrooms
2
Interior Features
Ceiling Fan(s), Entrance Foyer, High Ceilings, Primary Suite
Appliances
Dishwasher, Disposal, Down Draft, Dryer, Freezer, Microwave, Range
Laundry Description
In Unit
Floor Description
Tile, Wood
Fireplace
Yes
Fireplace Description
Dining Room, Family Room
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Forced Air, Natural Gas
Exterior/Building Features
Lot Size
0.07 Acres
Exterior Features
Balcony, Private Yard
Lot Features
Near Public Transit
Roof
Composition
Sewer
Public Sewer
School Information
School District
Denver 1
High School
Southwest Early College
Elementary School
Greenlee
Other Property Details
Taxes
$4,181
Tax Frequency
Annually
Garage
No
Parking
Asphalt, Oversized
Parking Total
4
View
Yes
View Description
City
County
Denver
Water Source
Public
Pool
No
Zoning
D-GT
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Data last updated 9:58 PM UTC, 9/27/2024
