Denver, CO 80204,1321 N Elati ST
Denver, CO 80204,1321 N Elati ST
Denver, CO 80204,1321 N Elati ST
Denver, CO 80204,1321 N Elati ST
Denver, CO 80204,1321 N Elati ST
Denver, CO 80204,1321 N Elati ST
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$ 1,100,000
Est. payment | /mo

5 Beds

3 Baths

2,204 SqFt


Save
$ 1,100,000
Est. payment | /mo
Save

5 Beds

3 Baths

2,204 SqFt

Key Details

Property Type Townhouse

Sub Type Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 2,204 sqft

Price per Sqft $499

Subdivision Witters 1St Add B19 L25

MLS Listing ID 3483146

Bedrooms 5

Three Quarter Bath 2

HOA Y/N No

Abv Grd Liv Area 2,204

Originating Board recolorado

Year Built 1940

Annual Tax Amount $4,181

Tax Year 2023

Lot Size 3,049 Sqft

Acres 0.07

Property Description

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!

Location

State CO

County Denver

Zoning D-GT

Rooms

Basement Full, Unfinished

Main Level Bedrooms 2

Interior

Interior Features Ceiling Fan(s), Entrance Foyer, High Ceilings, Primary Suite

Heating Forced Air, Natural Gas

Cooling Central Air

Flooring Tile, Wood

Fireplaces Number 3

Fireplaces Type Dining Room, Family Room

Fireplace Y

Appliance Dishwasher, Disposal, Down Draft, Dryer, Freezer, Microwave, Range

Laundry In Unit

Exterior

Exterior Feature Balcony, Private Yard

Garage Asphalt, Oversized

Fence None

Utilities Available Electricity Connected, Internet Access (Wired), Natural Gas Connected

View City

Roof Type Composition

Total Parking Spaces 4

Garage No

Building

Lot Description Near Public Transit

Foundation Block

Sewer Public Sewer

Water Public

Level or Stories Two

Structure Type Brick

Schools

Elementary Schools Greenlee

Middle Schools Strive Westwood

High Schools Southwest Early College

School District Denver 1

Others

Senior Community No

Ownership Corporation/Trust

Acceptable Financing 1031 Exchange, Cash, Conventional, FHA, Jumbo, Other, USDA Loan, VA Loan

Listing Terms 1031 Exchange, Cash, Conventional, FHA, Jumbo, Other, USDA Loan, VA Loan

Special Listing Condition None

REColorado (REColorado MLS)
Listed by RE/MAX of Cherry Creek • NicMalo@rmcherrycreek.com,303-331-4587

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Vanessa Guzman

Broker-Owner | Lic# ER.040014737

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1321 N Elati ST