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  • $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

    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

    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#: 5752588MLS Logo

    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