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1390-1396 Newton Street, Denver, CO 80204

$1,200,000

  • Sold
  • Closed
  • Lots/Land
  • 0.29 Acres
1390-1396 Newton Street, Denver, CO 80204View this property at 1390-1396 Newton Street, Denver, CO 80204
1390-1396 Newton StreetDenverCO80204

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Property Description

Rare opportunity to own this land parcel zoned G-MU-5, allowing 5 story multi-family developments, with a Four Plex! 12,500 sf approximate lot with an existing 4-plex totaling approximately 6,500 sf combined. The units are huge, and are completely under market rents. The unit mix is:4/2, 3/2, 2/1 and 1/1 set up with $4,250/month rents, with leasing 3 car detached garage at $600/month can increase rents as is. Two unit have fireplace, and 2 units access the garages. New rent analysis indicates $7,500-8,500/month including the 3 car garage. Excellent opportunity for income while waiting for permitting!

Full Property Detailsfor 1390-1396 Newton Street

General

  • Sold For: $1,200,000
  • Taxes: $3,444 (2016)
  • Status: Closed
  • Type: Lots/Land
  • MLS ID: 5196034
  • Added: 377 day(s) ago

Parking

  • Total Spaces: 7
  • Parking Features: Driveway-Concrete

Location

  • County: Denver
  • Neighborhood: Sloans Lake/West Colfax
  • Driving Directions: Colfax to Newton south one block on SE corner
  • Direction Faces: West

School Information

  • School District: Denver 1

Utilities

  • Gas: Yes
  • Gas: Natural Gas
  • Sewer: Public
  • Water: Public

Additional Structures

  • Other Structures: 1

Lot Features

  • Lot Size (Acres): 0.29
  • Lot Size (Sq. Ft.): 12,500
  • Street/Road Desc.: Paved Road
  • Road Maintenance: City
  • Topography: Flat
  • Lot Features: Corner Lot, Near Public Transit
  • Land Use: Multi-Family, Residential
  • Zoning: G-MU-5

Financial Considerations

  • Price Per Acre: $4,137,931.03
  • Tax Amount: $3,444
  • Tax Year: 2016

Disclosures and Reports

  • APN: 5061-15-001

Listed by The Kentwood Company

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Schools

Schoolsserving 1390-1396 Newton Street

School District:Denver Public Schools
School Name
Grades
Distance
Cheltenham Elementary School
1580 Julian St, Denver, CO 80204
PK-5
0.4 mi
Strive Prep - Lake
1820 Lowell Blvd, Denver, CO 80204
0.5 mi
Lake International School
1820 Lowell Blvd, Denver, CO 80204
6-8
0.5 mi
North High School
2960 N Speer Blvd, Denver, CO 80211
9-12
1.7 mi
Disclaimer: School data provided by Pitney Bowes. School attendance boundaries are for reference only. Contact the school directly to verify enrollment eligibility.

Community Info

Community Infofor 1390-1396 Newton Street

Listed by The Kentwood Company

1390-1396 Newton Street, Denver, CO 80204 (MLS# 5196034) is a Lots/Land property that was sold at $1,200,000 on April 24, 2018. Want to learn more about 1390-1396 Newton Street? Do you have questions about finding other Lots/Land real estate for sale in West Colfax? You can browse all West Colfax real estate or contact a Coldwell Banker agent to request more information.