Excellent investment opportunity near Regis University. Renovated turnkey currently generating $79,200 ($1,650 per unit x 4) of gross revenue all for under a Million! This is a side by side Duplex being operated as a non-conforming Quadplex. 8 beds, 4 baths, 4 kitchens, 4 Livingroom’s, 4 washer/dryer hook-ups, 4 entrances, 2 furnaces. Two entrances front upper/ two entrances back lower. Renovated throughout with New roof, new gutters, new windows, new paint, new laminate, newer carpet, renovated bathrooms and kitchens. Two oversized 1-car garages, one currently included in a lease, one available for owner use or lease to tenant for additional income.
Great potential future redevelopment opportunity (large 13,300 lot) to scrape and build two high-end duplex buildings with mountain views (See examples one block to the west on Raleigh). Buyer to verify all future zoning and redevelopment uses.
The EXCLUSIVE 2.5% CRA Incentive Program
5355 QUITMAN ST is located in a “low” or “moderate” income federal census tract. This allows buyers to potentially qualify for 2.5% pricing incentive based on the loan amount. Only federal banks are required to meet the strict guidelines as part of the Community Reinvestment Act.
Guardian Mortgage is offering a 2.5% pricing incentive on MOST loan types for your listing. This incentive significantly lowers closing costs, allowing the borrower more flexibility. There is no cost to this to the buyer or the seller for participation with this incentive. The only requirement is that the buyer finances through Guardian Mortgage. Investors and second-home buyers are also potentially eligible with certain qualifications.
If the pricing incentive is applied to buy down the interest rate on a 30-year fixed rate mortgage, then savings can be significantly below standard rate options available in the market!
Please reach out with any questions,
Ryan DeSchryver
Mortgage Branch Manager
NMLS #582899
RyanD@gmc-inc.com
C:(208) 755-1088
Sold
$957,500
5355 Quitman Street, Denver, CO 80212
8beds
4baths
3,400sqft
Duplex
Built in 1971
-- sqft lot
$954,500 Zestimate®
$282/sqft
$-- HOA
What's special
Zillow last checked: 7 hours ago
Listing updated: May 11, 2023 at 03:45am
Listed by:
Steven Pilkington 303-587-0402,
Real Broker, LLC DBA Real
Bought with:
Brady Efting, 100056991
Keller Williams Realty Urban Elite
Source: REcolorado,MLS#: 5752588

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Forced Air
Cooling
- None
Appliances
- Included: Cooktop, Dishwasher, Dryer, Oven, Refrigerator, Washer
- Laundry: In Unit
Features
- Flooring: Carpet, Vinyl
- Basement: Finished,Full
Interior area
- Total structure area: 3,400
- Total interior livable area: 3,400 sqft
- Finished area above ground: 1,700
- Finished area below ground: 1,700
Property
Parking
- Total spaces: 8
- Parking features: Garage - Attached
- Attached garage spaces: 2
- Details: Off Street Spaces: 6
Features
- Levels: One
- Stories: 1
- Patio & porch: Deck
- Exterior features: Private Yard
Lot
- Size: 0.31 Acres
Details
- Parcel number: R0105253
- Zoning: R-2
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Duplex
- Attached to another structure: Yes
Materials
- Frame
- Foundation: Slab
- Roof: Composition
Condition
- Updated/Remodeled
- Year built: 1971
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Available, Phone Available
Community & neighborhood
Location
- Region: Denver
- Subdivision: Berkeley Gardens
Other
Other facts
- Listing terms: Cash,Conventional
- Ownership: Corporation/Trust
Services availability

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Estimated market value
$954,500