1371 Xenia Street Denver, CO ^$ 3,350,000

1371 Xenia Street

^$ 3,350,000

Back to search

1371 Xenia Street

Denver, CO, 80220

^$ 3,350,000

Studio Baths0.0 Sq 15,636

Monthly Estimate*

^$ 22,265

Listed by Marcus & Millichap Real Estate Investment Services of Atlanta, Inc.

1371 Xenia Street, Denver, CO 80220 - Image 1

1371 Xenia Street, Denver, CO 80220 - Image 2

1371 Xenia Street, Denver, CO 80220 - Image 3

1371 Xenia Street, Denver, CO 80220 - Image 4

1371 Xenia Street, Denver, CO 80220 - Image 5

1371 Xenia Street, Denver, CO 80220 - Image 6

1371 Xenia Street, Denver, CO 80220 - Image 7

1371 Xenia Street, Denver, CO 80220 - Image 8

1371 Xenia Street, Denver, CO 80220 - Image 9

1371 Xenia Street, Denver, CO 80220 - Image 10

1371 Xenia Street, Denver, CO 80220 - Image 11

1371 Xenia Street, Denver, CO 80220 - Image 12

1371 Xenia Street, Denver, CO 80220 - Image 13

1371 Xenia Street, Denver, CO 80220 - Image 14

1371 Xenia Street, Denver, CO 80220 - Image 15

1371 Xenia Street, Denver, CO 80220 - Image 16

1371 Xenia Street, Denver, CO 80220 - Image 17

Studio

Commercial Property for sale in Denver, CO

for $3,350,000. This 15,636 square foot building was built in 1961 on a lot size of 0.29.

VALUE-ADD OPPORTUNITY!! STABILILIZED BUILDING WITH BELOW MARKET RENT, LOW PRICE PER UNIT, TONS OF UPSIDE!! Contact Clayton for marketing material 303-590-4537, clayton.primm@marcusmillichap.com. 23-unit apartment community located in East Denver at the SWC of 14th Avenue and Xenia Street. Built in 1961, this “L” shaped 3-story exterior walk-up building is low maintenance with a sturdy all-brick and cinderblock exterior and flat roof. The roof was replaced less than 10 years ago. The 23 units consist of 2 studios, 19 one-bedroom units, and 2 two-bedroom units, most of which have been updated in the last 10 years with hard surface flooring and updated kitchens and bathrooms. Each unit is individually metered for electricity, paid directly by the residents. The building is heated by a central boiler replaced in 2018/2019 and a sidearm water heater was added at the same time for domestic hot water. Gas and Water is master metered paid by the owner, who recently implemented a $50 utility bill-back to recent move-ins. The building offers a central laundry facility with 3 washers and 2 dryers. All are coin-operated and owned by the building. There are 20 off-street parking spaces. The building is well protected with a new security door to the front of the building and a security gate from the alley to the central courtyard, all monitored by security cameras. The property has recently been xeriscaped for water conservancy with artificial grass added to the front of the building and to the renovated central courtyard. 1371 Xenia Street is conveniently located between the popular Lowry Neighborhood and Denver's Central Park Neighborhood and just a 5-minute drive to Fitzsimons Medical Campus. Residents enjoy a property that is walking distance to restaurants, shopping, parks, and public transportation. There is strong upside for a potential buyer by raising rents to market and continuing to implement the utility bill-back system.

Commercial Pending

Price

^$ 3,350,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 20,149

Style

Low Rise (1-3)

Lot Size

0.29

Year Built

1961

Town/City

Denver

County/Region

Denver

MLS | Web ID

5983128

Features

General

Sewer Public Sewer

Utilities Cable Available Electricity Connected Internet Access (Wired) Natural Gas Connected Phone Connected Sewer Connected

Possession Closing/DOD

Roof Membrane

Exterior Features Playground

Zoning G-MU-5

Garage Spaces 0

Security Features Carbon Monoxide Detector(s) Security Entrance Smart Cameras

Construction Materials Block Brick Frame

Exclusions Personal property belonging to tenants.

Year Built 1961

Tenant Pays Cable TV Electricity Internet Telephone

Stories 3

Property SubType Multi-Family

Tax Year 2022

Current Use Multi-Family

Gross Income 325092

County Denver

Operating Expense 115412

Property Type Commercial Sale

Attached Garage N

Contingency None Known

Building Features Coin Laundry Gated

Status Pending

Directions GPS

City Denver

Buyer Agent Compensation 1.5

NumberOfUnitsTotal 23

Lot Size Units Acres

Lot Size Square Feet 12632.4

Carport Spaces 0

Street Name Xenia

Listing Terms Cash Conventional

Tax Annual Amount 20149

Structure Type Low Rise (1-3)

Standard Status Pending

Occupancy Type Tenant (Multiple)

Cap Rate 6.72

Buyer Agent Compensation Type %

Exterior

Parking Features Concrete

Lot Features Corner Lot Landscaped

Water Source Public

Total Parking 20

Lot Size Area 0.29

Building Area Total 15636

Lot Size Acres 0.29

Road Surface Type Paved

Road Frontage Type Public

Road Responsibility Public Maintained Road

Interior

Street Suffix Street

Internal Only

Street Number 1 1371

* Excluded Features

List By

Marcus & Millichap Real Estate Investment Services Of Atlanta, Inc.

Broker

(303) 328-2075

Phone

Affordability Calculator

$23,944

Per Month

Monthly Principal & Interest: $22,265
Monthly Property Taxes: $1,679
Monthly Home Insurance: --

Set your offer price

Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

THE TIME TO SELL IS NOW!

Nearby

Trends
Schools

Commerical listings in Denver, CO

Average List Price ^$2,095,899

Percent of Sale Price 37%

About Denver, CO

24,748 Population

9% Since 2002

^$36,940 Median Income

38.83 Median Age

13% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

242254 Elementary School

242425 Middle School

Unknown High School High School

Pricing History

Date	Price	Price Change	Description
4/18/2024	$3,350,000		Listed Price

Map

More homes like this one

homes for you

See all

1371 Xenia Street, Denver, CO, 80220 is a Commercial Property for sale at $3,350,000 with 15,636 sqft and a lot size of 0.29. 1371 Xenia Street is a studio with 0.0 baths and was built in 1961. The property's zip code is 80220 which is in Denver, CO

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate on this web site comes in part from the Internet Data eXchange (IDX) Program of the REcolorado. Real estate listings held by firms other than Weichert Realtors are marked with the IDX logo and detailed information about them includes the Listing Broker’s Firm Name.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 6/7/2024.

This publication is designed to provide information with regard to the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

The information contained in this publication is subject to change without notice. REcolorado. MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. REcolorado. SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.

REcolorado. will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.

ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. The information contained herein including but not limited to all text, photographs, digital images, virtual tours, may be seeded and monitored for protection and tracking.

*Full Name

*Email

*Phone

I am interested in financing options

Get more info

By submitting the form, you agree that Weichert^® may contact you via phone or text about your inquiry, which may involve the use of automated means. You are not required to consent as a condition of purchasing any property, goods or services. For any other information please read our privacy policy.

Get more info

Looking for an Associate?

Already Working with an Associate?

1371 Xenia Street

Commercial Property for sale in Denver, CO

Affordability Calculator

Map

More homes like this one

Get more info about this home