1244 Stuart Street, Denver, CO, 80204

Fully rented four-plex generating $6,000 per month, with permitted palns for a 13-unit condo developement in one of Denver’s hotest neighborhoods. The property is just 200 feet from the Perry Street Light Rail stop and the “W” Line running from Downtown Denver to Golden. It’s also adjacent to the Lakewood Drygulch Park and recreation path. The building and each of the four existing units was recently remodeled with a new roof, new carpeting and tile, cabinets, countertops, some appliances, freshly painted, sewer line cleaned and boiler serviced. All tenants on a one-year lease. You also have the option of building a beautifull 13-unit condominium building. The plans are fully permitted by the City. Plans include four 2-bed/2bath units, nine 1-bed/1-bath units, and 13 covered parking spaces. Each unit includes its own private outdoor space. Lots of versatility: Rent the entire building, sell part and keep part, or sell the entire thing. You can also sell/lease the parking spaces separate from the apartments. This project was approved prior to the City’s affordable housing regulations. This is a great investment as a rental or redevelopemnt project.