3530 W Lehigh Avenue, Denver, CO

$2,100,000

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9,720

Square feet

0.25

Acres

About 3530 W Lehigh Avenue

Attention savvy investors! Presenting a rare opportunity to acquire a meticulously remodeled multi-family building with nine units. This property boasts a prime location and impeccable features designed to maximize returns and tenant satisfaction. Each unit has been tastefully renovated, offering a mix of three 2-bedroom units and six 1-bedroom units. The remodel in 2020 ensured modern living standards with brand new kitchens featuring new cabinets, stainless steel appliances, and granite countertops. Updated bathrooms, new flooring, in-unit washer and dryer and wall-mounted A/C units enhance comfort and appeal. Plus, one unit features handicap ramp access, ensuring inclusivity and compliance with accessibility standards. Investors will appreciate the added value of recent upgrades including new fire sprinklers with monitoring, new plumbing, new electrical system and new sewer line. The property is equipped with a bike rack and provides ample parking with nine dedicated spots, plus street parking for tenants. With a remarkable 100% occupancy rate since September 2020, this investment promises steady cash flow. Tenants enjoy the convenience of nearby public transportation, with the Light rail just 5 minutes away and a bus stop a mere 1 minute stroll. Additionally, the River Point shopping center is only 5 minutes away, adding to the property's desirability. With a current rental license up to date and a desirable assumable loan at a competitive rate of 3.36% through March 2031, this property offers a turnkey solution for investors seeking a reliable income stream in the commercial housing market. Act now to seize this exceptional opportunity and elevate your investment portfolio! Schedule your viewing today.

Features of 3530 W Lehigh Avenue

MLS® # 4952571
Price $2,100,000
Bathrooms 0.00
Square Footage 9,720
Acres 0.25
Year Built 1972
Type Commercial Sale
Sub-Type Multi-Family
Status Active
Features Bike Storage

Community Information

Address 3530 W Lehigh Avenue
City Denver
County Arapahoe
State CO
Zip Code 80236

Amenities

Utilities Electricity Connected, Natural Gas Connected, Sewer Connected
Features Bike Storage
Parking Spaces 27
Parking Asphalt
Is Waterfront No
Has Pool No

Interior

Fireplace No

Exterior

Exterior Features Lighting
Lot Description Corner Lot, Landscaped, Near Public Transit, Sprinklers In Front, Sprinklers In Rear
Roof Membrane

Additional Information

Date Listed March 28th, 2024
Zoning RC
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeHomeSmart
Contact Info720-226-4193

Listing Map

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