944 Downing Street, Denver, CO 80218

$995,000
2,681
SqFt

Courtesy of NorthPeak Commercial Advisors, LLC . conner@northpeakcre.com

List Price
$995,000
Type
Multifamily
Status
ACTIVE
MLS Number
9394001
Finished Sqft
2,681
Above Grade Sqft
2325
Total Sqft
3289
Subdivision
Cheesman Park
Sub-Area
Cheesman Park
Year Built
1904

Property Description

DISCLAIMER: 940 & 944 Downing must be purchased together. 940-944 Downing presents the rare opportunity for an investor to own two classic converted mansions on two assembling parcels in one of Central Denver’s premier locations. Just across the street from King Soopers and around the corner from a variety of popular neighborhood bars, taverns, and coffee shops, the properties boast a location that will continue to attract tenants seeking both convenience and vibrancy. 940 Downing is a fully renovated triplex that’s comprised of two 1-bedroom and one 2-bedroom unit. Each apartment features top-of-the-line finishes including oak flooring throughout, custom kitchens that boast high-end cabinets and new concrete countertops. 944 Downing is a 4-unit building that features a strong unit mix of two 1-bedroom and two 2-bedroom units. Each apartment features spacious layouts, original hardwood floors and other vintage features that tenants love. A site development plan has been approved by the city for a 3-unit carriage house behind both properties. A new owner will have the option to immediately cash flow from two well-maintained buildings or significantly increase returns by updating the existing residences and adding three additional units.

Additional Information

School District
Denver 1
Elementary School
Dora Moore
Middle School
Dora Moore
High School
East
Basement
Partial
Lot Size
5,000
Acres
0.11
Taxes
$5,207
Tax Year
2024
View
City

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