Active

1321 N Elati Street

Denver CO, 80204

$1,100,000


$499.09 per sqft

Active

5 Beds

3 Baths

2,204 sqft

Townhomes

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

October 10, 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

Listed by RE/MAX of Cherry Creek, Nicole Malo, Listing Contact: [email protected],303-331-4587 
 

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