1625 N Downing Street, Denver, CO 80218

$1,750,000
11
BD
4
BA
5,716
SqFt
List Price
$1,750,000
Type
Multifamily
Property Sub Type
Triplex
Status
ACTIVE
MLS Number
4897453
Architectural Style
Denver Square, Victorian
Structural Style
Denver Square, Victorian
Bedrooms
11
Bathrooms
4
Sqft Total
5,716
Building Name
Franke Edbrooke Mansion
Neighborhood
Swallow Hill
Year Built
1901

Property Description

Gorgeous original wood detail and stained glass windows, fireplace tiling, full brickwork, 2nd floor balconies and more in this 1901 Frank Edbrooke Classic Mansion in the heart of the Historic Swallow Hill District. The neighborhood is diverse with office and residential with plenty of retail conveniences on 17th and on 15th nearby. Extra large lot is 7,300SF which includes a parking lot off the alley, large back deck, large front porch and gardens, as well as a fully fenced side yard. The price is strictly based on current income and a 5 cap rate. This building could offer potential for an owner/user or additional future income or development/expansion. The home itself could be a museum as well it is so nice, so that value is not easily placed. Size alone should say this property should be worth $2M. All four levels have been updated with new flooring keeping original on main floor, fully finished details, claw foot tubs on all levels, 5 non working fireplaces - could easily add gas inserts. 2 furnaces, 2 AC units. fully landscaped with sprinklers. Roof is in good condition but not new. Current Property Taxes are based on commercial use. New buyer should submit a change of use to residential for entire building and taxes would be significantly lower. Possible Uses for this G-RO-3 zoned historic home are 1. multi-family any number of units up to 3 stories, 2. Office 3. Retail or light manufacturing- coffee shop/boutique/daycare/dog grooming/ bar/restaurant/medical/spa/etc. 4. Single family home - add a garage in back or possible ADU with garage underneath (continue to rent basement and/or attic for additional income) Please call the listing agent directly for all showings.

Additional Information

Lot Size Acres
0.17
Lot Size Sq Ft
7,300
Tax Amount
$26,588
Tax Year
2022
Sewer
Public Sewer
Flooring
Wood
Basement Type
Daylight, Exterior Entry, Finished, Full, Interior Entry, Walk-Out Access
Heating
Forced Air, Natural Gas
Cooling
Central Air
School District
Denver 1
Elementary School
Denver Language School
Middle Or Junior School
Denver Language School
High School
East
Parking Total Searchable
9
Parking Features
Asphalt, Lighted

Mortgage Calculator

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Calculator source: Real Geeks

Courtesy of NextHome Summit Group . darla@nexthomesummitgroup.com