MLS# 9402602 – 1533 – 1541 Fairfax Street, Denver, CO 80220

Courtesy of eXp Realty, LLC denverhomestoday@gmail.com,303-746-7504

Property Description

Description

9,818 Sqft

12,218 Sqft lot

0.28 Acre lot

Status: Active

Property Type: Multi-family

Year Built: 1949

Days on Website: 14

This multi-unit complex located in Denver’s South Park Hill neighborhood comprises four townhomes and one duplex, each recently fully renovated to modern standards. Spread over a total area of 9,818 sq ft on a combined 12,218 sq ft lot, this property offers enhanced living spaces and a sound investment potential. Property Details: Renovations: The properties have been updated with new roofs, efficient furnaces, modern kitchens including new appliances, contemporary flooring throughout, quartz countertops, jacuzzi tubs, and new tankless hot water heaters. Unit Configuration: Townhomes: Each townhome features 3 bedrooms and 2 bathrooms, providing ample space for families or shared living arrangements. Duplex: The upper unit consists of 2 bedrooms and 1 bathroom, while the lower unit has 1 bedroom and 1 bathroom, ideal for different rental needs. Rental Income: Projected gross annual income is $231,504, with the townhomes projected rental income for $3,818 each and the duplex units contributing a total of $4,010 per month . Outdoor Features: Two of the units have a private yard and an irrigation system, enhancing the outdoor living experience. Location: Centrally located with a high Walk Score of 79, the property is in proximity to essential amenities and public transportation. Offered at $2,990,000, this collection represents a significant investment opportunity in one of Denver’s most sought-after areas.

Property Details and Features

Property Access

Road Frontage Type:

"Public"

Road Responsibility:

"Public Maintained Road"

Road Surface Type:

"Paved"

Building

Architectural Style:

"Mid-Century Modern"

Ceiling Height:

Construction Materials:

"Brick", "Concrete"

Effective Year Built:

2023

Occupant Type:

Vacant

Stories:

Structure Type:

"Low Rise (1-3)"

Total Area:

9818

Unit Count:

Units Furnished Total:

Built in 1949

6 total units

6 vacant units

Disclosures

Attribution Contact:

denverhomestoday@gmail.com,303-746-7504

Expenses

Operating Expense Includes:

"Insurance", "Maintenance", "Real Estate Tax"

Projected Annual Expense:

$58,427

Garage

5 garage spaces

Home Owner's Association

Association Fee Total Annual:

Association Fee Annual:

0.00

Association Fee 2 Annual Expense:

0.00

Association Fee 3 Annual Expense:

0.00

Income

Projected Annual Net Income:

$173,077

Projected Gross Income:

$231,504

Listing

Listing Id:

REC9402602

Standard Status:

Active

Mls Status:

Active

Leasable Area:

9818

Listing Contract Date:

2024-04-19

Listing Terms:

"Cash", "Conventional"

Original List Price:

$2,990,000

Location

County Or Parish:

Denver

Lot

Acres:

0.28

Area:

12218

Features:

"Irrigated", "Sprinklers In Front"

Parcel Number:

1314-34-053, 054, 055, 056, 057

Square Feet:

12218

Energy Saving

Green Energy Efficient:

"Water Heater"

Green Verification Count:

Parking

Parking Total:

Carport Spaces:

Offstreet Spaces:

Reserved Spaces:

RV Spaces:

Parking Count:

Possession

"Closing/DOD"

Property

Current Use:

"Multi-Family", "Residential"

Property Sub Type:

Multi-Family

Zoning:

U-TU-C

Roof

Roof:

"Composition"

Security Features

Features:

"Carbon Monoxide Detector(s)", "Smoke Detector(s)"

Sewer

Sewer:

"Public Sewer"

Taxes

Annual Amount:

10008

Legal Description:

1533 N Fairfax Street: COLFAX HEIGHTS SOUTH B3 L32 TO 35 INC EXC THE REAR 8FT COMMSE CORN L32 N 45FT W 57.6FT S 42.2FT W 37.8FT N 7.9FT W26.5F T S 10.7FT E 122FT TPOB 1535 N Fairfax Street: COLFAX HEIGHTS SOUTH B3 L32 TO 35 INC EXC THE REAR 8FT COMMSE COR L32 TH N 45FT TPOB TH W 57.6FT S 42.2FT W 37.8FT N7 .9FT W 26.5FT N 23.1FT E 30.1FT N 2.3FT E 10.8FT N 5.6FT E 1537 N Fairfax Street: COLFAX HEIGHTS SOUTH B3 L32 TO 35 INC EXC THE REAR 8FT COMMSE CORN L32 N 48FT TPOB TH N 3FT W 75.6FT N 6.3FT W 5.5FT N 5.6FT W 14.5FT N 17FT W 26.5FT S 46.1FT E 30.1FT N 2.3FT E 1539 N Fairfax Street: COLFAX HEIGHTS SOUTH B3 L32 TO 35 INC EXC THE REAR 8FT COMMSE CORN L32 N 51FT TPOB TH W 75.6FT N 6.3FT W 5.5FT N 5.7FT W 14.5FT N 17FT W 26.5FT N 9.7FT E 26.5FT N 7.7FT E 38.1FT S 1541 N Fairfax Street: COLFAX HEIGHTS SOUTH B3 L32 TO 35 INC EXC THE REAR 8FT COMMSE CORN L32 N 54FT TPOB TH N 46FT W 122FT S 10.4FT E 26.5FTN 7.7FT E 38.1FT S 43.3FT E 57.5FT TPOB

Tax Year:

2022

Tenant Pays

Tenant Count:

Tenant Pays:

"Cable TV", "Electricity", "Gas", "Internet", "Telephone", "Trash Collection", "Water"

Utilities

Electric:

"110V", "220 Volts"

Power Production Count:

Utilities:

"Electricity Available", "Electricity Connected", "Natural Gas Available", "Natural Gas Connected"