Denver, CO 80207,3563 N Krameria ST
Denver, CO 80207,3563 N Krameria ST
Denver, CO 80207,3563 N Krameria ST
Denver, CO 80207,3563 N Krameria ST
Denver, CO 80207,3563 N Krameria ST
Denver, CO 80207,3563 N Krameria ST
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$515,000

$530,000

2.8%
Est.Price: ?

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Est. payment /mo

4 Beds

2 Baths

1,992 SqFt


SOLD DATE : 11/15/2023

Key Details

Sold Price $515,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 1,992 sqft

Price per Sqft $258

Subdivision North Park Hill

MLS Listing ID 5755943

Sold Date 11/15/23

Bedrooms 4

Full Baths 2

HOA Y/N No

Abv Grd Liv Area 1,992

Originating Board recolorado

Year Built 1953

Annual Tax Amount $2,263

Tax Year 2022

Lot Size 6,098 Sqft

Acres 0.14

Property Description

Introducing a promising investment opportunity in Northeast Park Hill. This 1953 raised brick up/down duplex boasts two separate units, each featuring two bedrooms and one bathroom, with 996 sq. ft. of living space per unit, totaling 1992 sq. ft in the building. The 6250 sq. ft. double lot showcases two trees gracing the front yard. The upper unit showcases cove ceilings, adding character to this investment property. While public records list the apartment address as 3563 Krameria, informally the garden level unit is known as 3561 Krameria. The lower unit enjoys plenty of natural light pouring in through large windows, thanks to its 8ft ceiling height. Each unit has its own gas meters and electrical panels. A shared coin-operated laundry room on the lower level provides an opportunity for additional income. The backyard offers a covered patio, a lawn area, and four off-street parking spaces. The previous owner used this property for Section 8 housing, making $1600 per unit, totaling $3200 per month. With renovations, you can expect rental rates in the range of $2k - $2.5K per unit, significantly increasing your income potential. The neighborhood is witnessing remarkable growth, with a recently remodeled single-family home across the street under contract for $635K, offering almost $100K more for half the space. With updates, I estimated the property could be worth approximately $775K (reference: Listing at 3334 Olive Street, Denver, CO 80207). Don’t miss out on this incredible investment opportunity in a rapidly appreciating area. Contact us today to explore the potential of this duplex and secure your foothold in the thriving Park Hill neighborhood!

Location

State CO

County Denver

Zoning E-SU-DX

Rooms

Basement Daylight, Exterior Entry, Finished, Full, Walk-Out Access

Main Level Bedrooms 2

Interior

Heating Forced Air

Cooling Evaporative Cooling, None

Flooring Laminate, Linoleum, Tile

Fireplace N

Laundry Common Area

Exterior

Exterior Feature Private Yard

Fence Partial

Roof Type Composition

Total Parking Spaces 4

Garage No

Building

Lot Description Near Public Transit

Foundation Concrete Perimeter, Raised

Sewer Public Sewer

Water Public

Level or Stories Two

Structure Type Brick

Schools

Elementary Schools Smith Renaissance

Middle Schools Dsst: Conservatory Green

High Schools East

School District Denver 1

Others

Senior Community No

Ownership Estate

Acceptable Financing 1031 Exchange, Cash, Conventional, FHA, VA Loan

Listing Terms 1031 Exchange, Cash, Conventional, FHA, VA Loan

Special Listing Condition None, Third Party Approval

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REColorado (REColorado MLS)
Listed by Living Room Real Estate • Kassidy@LivingRoomDenver.com,303-720-8491
Bought with Living Room Real Estate
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