3552 Morrison Road Denver, CO $ 1,500,000
3552 Morrison Road
$ 1,500,000
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3552 Morrison Road

Denver, CO, 80219
$ 1,500,000
Baths0.0 Sq 3,836

Monthly Estimate*

$ 10,478

Listed by Keller Williams Realty Urban Elite
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Studio

Commercial Property for sale in Denver, CO

for $1,500,000. This 3,836 square foot building was built in 1941 on a lot size of 0.16.

Visit 3552Morrison.com for details. Welcome to an updated 10 unit building with value-add potential to immediately increase income! 9 units have been either fully renovated or updated with the 10th unit being a shell and ready for renovation to add instant value. Completed upgrades include ALL NEW Electrical meters, new plumbing, and new flooring. Units 7 and 8 were fully renovated and all new! Located in the Westwood neighborhood just 10 minutes away from downtown Denver, the property is located in a Qualified Census Tract - Opportunity Zone. Providing a mix of studio, one-bedroom, and two-bedroom units to cater to diverse tenant needs. This property is excellent for an investor looking for a great turn-key investment with the opportunity to finish the construction of the 10th unit.

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Commercial Active

Price

$ 1,500,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 5,773

Style

Lot Size

0.16

Year Built

1941

Town/City

Denver

County/Region

Denver

MLS | Web ID

3897172

Features
General
Sewer Public Sewer
Possession Immediate
Roof Other
Zoning E-MX-3 UO-1 UO-2
Garage Spaces 0
Exclusions Tenants personal property
Year Built 1941
Stories 3
Property SubType Multi-Family
Tax Year 2022
Current Use Multi-Family
County Denver
Property Type Commercial Sale
Attached Garage N
Status Active
City Denver
Buyer Agent Compensation 2
Total Units 10
Lot Size Square Feet 7179
Carport Spaces 0
Street Name Morrison
Listing Terms Cash Conventional
Tax Annual Amount 5773
Leasable Area 3836
Lease Considered Y/N Y
Standard Status Active
Occupancy Description Tenant (Multiple)
Cap Rate 5.36
Buyer Agent Compensation Type %
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Exterior
Water Source Public
Total Parking 6
Lot Size Area 7179
Building Area Total 3836
Lot Size Acres 0.16
Lot Size Units Square Feet
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Interior
Street Suffix Road
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Internal Only
Street Number 1 3552
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* Excluded Features
List By
Keller Williams Realty Urban Elite

Broker

(720) 741-0613

Phone

Affordability Calculator

$10,959
Per Month
96%
4%
0%
Monthly Principal & Interest
$10,478
Monthly Property Taxes
$481
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.
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Nearby
242254 Elementary School
242425 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/19/2024$1,500,000 -6.25% Price Down
2/21/2024$1,600,000 Listed Price

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3552 Morrison Road, Denver, CO, 80219 is a Commercial Property for sale at $1,500,000 with 3,836 sqft and a lot size of 0.16. 3552 Morrison Road is a studio with 0.0 baths and was built in 1941. The property's zip code is 80219 which is in Denver, CO