MLS® ID: 2968585
2340 S Broadway
Denver, Colorado, 80210 $749,000
Rare South Broadway investment property opportunity. Great live-work option with retail exposure. Present un-billed use by Seller of high demand garages, storage and retail space could yield an immediate additional rent of $18000 resulting in a 6.2% CAP RATE. With rents below market value there is great upside potential with an even stronger CAP rate. All residential units are currently and historically fully rented. Flexible U-MX-3 Zoning. Front section built circa 1956 and main building circa 1900. RTD-convenient with bus stop just steps away. Good parking with its 2 garages,1 off-street space as well as generally available parking in front of building. New roofs and hot water heater in 2016. Storage unit in garage with its utilities in place could be converted to a common laundry room facility. See property brochure/financials in supplements as well as extensive photos for more details.