Denver, CO 80206,1483 Detroit ST
$800,000
Est. payment /mo
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2,488 SqFt
Active Under Contract

1483 Detroit ST Denver, CO 80206

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UPDATED:

10/30/2024 02:45 PM

Key Details

Property Type Multi-Family

Sub Type Quadplex

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 2,488 sqft

Price per Sqft $321

Subdivision Congress Park

MLS Listing ID 1581857

HOA Y/N No

Originating Board recolorado

Year Built 1896

Annual Tax Amount $6,030

Tax Year 2023

Lot Size 6,098 Sqft

Acres 0.14

Property Description

1483 Detroit is a 2,488 square foot 4 plex converted mansion in Denver, CO.� A year ago the property was struck by lightning.� An insurance claim was filed at that time.� The property is currently gutted down to the studs.� The owner is looking to find a buyer who would like to assign the insurance claim and finish the project.

Estimated Finish Value: $1,150,000
Price: $800,000
Rehab Estimate: $400,000
Rehab Covered by Insurance: $375,000*
Potential Profit: $325,000

*to be verified by Purchaser

Location

State CO

County Denver

Interior

Heating Forced Air

Cooling None

Fireplace N

Exterior

Garage Spaces 4.0

Roof Type Composition

Total Parking Spaces 4

Garage No

Building

Story Two

Sewer Public Sewer

Level or Stories Two

Structure Type Brick

Schools

Elementary Schools Teller

Middle Schools Morey

High Schools East

School District Denver 1

Others

Senior Community No

Ownership Individual

Acceptable Financing Cash, Conventional, Other

Listing Terms Cash, Conventional, Other

Special Listing Condition None


REColorado (REColorado MLS)
Listed by Required Properties LLC • [email protected],303-668-4930

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Robert Hryniewich

Broker Associate | FA039371

+1(303) 564-8900

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1483 Detroit ST