944 Downing Street Denver, CO $ 995,000
944 Downing Street
$ 995,000
Share Save

944 Downing Street

Denver, CO, 80218
$ 995,000
Baths0.0 Sq 3,289

Monthly Estimate*

$ 6,950

Listed by NorthPeak Commercial Advisors, LLC
944 Downing Street, Denver, CO 80218 - Image 1
944 Downing Street, Denver, CO 80218 - Image 2
944 Downing Street, Denver, CO 80218 - Image 3
944 Downing Street, Denver, CO 80218 - Image 4
944 Downing Street, Denver, CO 80218 - Image 5
944 Downing Street, Denver, CO 80218 - Image 6
944 Downing Street, Denver, CO 80218 - Image 7
944 Downing Street, Denver, CO 80218 - Image 8
944 Downing Street, Denver, CO 80218 - Image 9
944 Downing Street, Denver, CO 80218 - Image 10
944 Downing Street, Denver, CO 80218 - Image 11
944 Downing Street, Denver, CO 80218 - Image 12
944 Downing Street, Denver, CO 80218 - Image 13
Studio

Multi-Family Home for sale in Denver, CO

for $995,000. This 3,289 square foot home was built in 1904 on a lot size of 0.11.

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.

See more

Multi-Family Active

Price

$ 995,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 5,207

Style

Quadruplex

Lot Size

0.11

Year Built

1904

Town/City

Denver

County/Region

Denver

MLS | Web ID

9394001

Features
General
Sewer Public Sewer
Heating Floor Furnace
Cooling None
Utilities Electricity Connected Internet Access (Wired) Natural Gas Connected Phone Available
Roof Architecural Shingle
Garage Spaces 0
Patio/Porch Features Front Porch
Construction Materials Brick
Exclusions None known
Year Built 1904
Tenant Pays Cable TV Electricity Internet Telephone
View City
Levels Two
Property SubType Quadplex
Tax Year 2024
Percent Ownership Individual
Gross Income 135551
County Denver
Operating Expense 43347
Property Type Residential Income
HOA / Comm Assn N
Attached Garage N
Subdivision Name Cheesman Park
Facing Direction West
Status Active
High School East
City Denver
Buyer Agent Compensation 2.5
Senior Community Y/N N
High School District Denver 1
Lot Size Square Feet 5000
Carport Spaces 0
Street Name Downing
Listing Terms 1031 Exchange Cash Conventional
Elementary School Dora Moore
Tax Annual Amount 5207.08
Middle/Junior High School Dora Moore
Structure Type Quadruplex
Standard Status Active
Occupancy Description Tenant
Middle/Junior School District Denver 1
Elementary School District Denver 1
Cap Rate 4.9
Buyer Agent Compensation Type %
See more
Interior
Basement Partial
Basement (Y/N) Y
Above Grade Finished Area 2325
Street Suffix Street
Below Grade Finished Area 356
See more
Exterior
Water Source Public
Total Parking 4
Lot Size Area 5000
Building Area Total 3289
Lot Size Acres 0.11
Lot Size Units Square Feet
Road Responsibility Public Maintained Road
See more
Internal Only
Street Number 1 944
See more
* Excluded Features
List By
Northpeak Commercial Advisors, Llc

Broker

(303) 818-1805

Phone

Affordability Calculator

$7,384
Per Month
94%
6%
0%
Monthly Principal & Interest
$6,950
Monthly Property Taxes
$434
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% 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
THE TIME TO SELL IS NOW!
Nearby
808378 Elementary School
3043790 Middle School
East High School High School
Pricing History
DatePricePrice ChangeDescription
2/5/2024$995,000 Listed Price

Map


See all

944 Downing Street, Denver, CO, 80218 is a Multi-Family Home for sale at $995,000 with 3,289 sqft and a lot size of 0.11. 944 Downing Street is a studio with 0.0 baths and was built in 1904. The property's zip code is 80218 which is in Denver, CO