1625 N DOWNING ST
DENVER, CO 80218

$284/SF 7,300SF Lot! This is a steal! 2019 price! Live in the main/2nd floor unit and receive $4000 in rental income from the 2 apartments! Historic building. Not registered, but can be - potential tax credits for further remodel. Owner is in process of converting use to residential from office to reduce taxes. Buy with FHA loan! Or cash flow with only 25% down even with current rates. Multi-family market will go up again in 2 years. This is the last chance to buy this property at this price. We will pull it off the market and continue renting it. Gorgeous turn of the century Denver Mansion. They don't build them like this anymore. 100% leased currently but owner/user negotiable. Original wood detail and stained glass windows, fireplace tiling, full brickwork, 2nd floor balconies and more in this 1901 Frank Edbrooke Classic designed all brick and stone 5,613 SF mansion in the heart of the Historic Swallow Hill District. The neighborhood is diverse with office and residential with plenty of retail conveniences on 17th and on 15th nearby. Extra large lot is 7,300SF which includes a parking lot off the alley with 9 spaces, large back deck, large front porch and gardens, as well as a fully fenced side yard. The price includes a $150K basement remodel recently completed with a renter in place at $2100/month. The price has been reduced for quick sale. Class A building at 6% cap rate with G-RO-3 zoning. This building could offer potential for an owner/user or additional future income or development/expansion. Three levels have been updated with new flooring keeping original on main floor, claw foot tubs on all levels, 5 fireplaces, 2 furnaces, 2 AC units. fully landscaped with sprinklers. Roof is in good condition but not new. Brickwork has been maintained but trim could use exterior paint this year. Possible Uses G-RO-3 zoning 1. multi-family any number of units up to 3 stories, 2. Office 3. Retail or light manufacturing 4. Single family home

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