1321 N Elati ST Active Save Request In-Person Tour Request Virtual Tour
Denver,CO 80204
Key Details
Property Type Townhouse
Sub Type Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 2,204 sqft
Price per Sqft $499
Subdivision Witters 1St Add B19 L25
MLS Listing ID 3483146
Bedrooms 5
Three Quarter Bath 2
HOA Y/N No
Originating Board recolorado
Year Built 1940
Annual Tax Amount $4,181
Tax Year 2023
Lot Size 3,049 Sqft
Acres 0.07
Property Description
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!
Location
State CO
County Denver
Zoning D-GT
Rooms
Basement Full,Unfinished
Main Level Bedrooms 2
Interior
Interior Features Ceiling Fan(s),Entrance Foyer,High Ceilings,Primary Suite
Heating Forced Air,Natural Gas
Cooling Central Air
Flooring Tile,Wood
Fireplaces Number 3
Fireplaces Type Dining Room,Family Room
Fireplace Y
Appliance Dishwasher,Disposal,Down Draft,Dryer,Freezer,Microwave,Range
Laundry In Unit
Exterior
Exterior Feature Balcony,Private Yard
Garage Asphalt,Oversized
Fence None
Utilities Available Electricity Connected,Internet Access (Wired),Natural Gas Connected
View City
Roof Type Composition
Parking Type Asphalt,Oversized
Total Parking Spaces 4
Garage No
Building
Lot Description Near Public Transit
Story Two
Foundation Block
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Brick
Schools
Elementary Schools Greenlee
Middle Schools Strive Westwood
High Schools Southwest Early College
School District Denver 1
Others
Senior Community No
Ownership Corporation/Trust
Acceptable Financing 1031 Exchange,Cash,Conventional,FHA,Jumbo,Other,USDA Loan,VA Loan
Listing Terms 1031 Exchange,Cash,Conventional,FHA,Jumbo,Other,USDA Loan,VA Loan
Special Listing Condition None