$1,750,000
Active

236 S Clarkson Street

Denver, CO 80209
4140 sqft | 10 beds | 0.29 acres | #8331390
Listing OfficeAlpha Real Estate Associates LLC
Browse 45 photos

Description

Meticulously maintained high-upside cash-flowing investment opportunity! This value-add fourplex is a truly irreplaceable property in the heart of Washington Park, one of Denver’s most coveted neighborhoods. Property features an ideal unit mix: three 2-bedroom/1-bath units and one expansive 4-bedroom/2-bath unit. All of the units are currently on month-to-month leases. Each unit is thoughtfully appointed with hardwood floors, updated bathrooms, both front and rear entrances, and designated yard space. Additional highlights include seven off-street parking spaces (four of which are covered) enhancing tenant convenience and property value. This versatile property appeals to a variety of investment strategies: LONG-TERM HOLED: A compelling buy-and-hold opportunity in one of Denver’s premier areas, with added upside if the basement beneath the rear 2-bedroom unit can be converted to livable space. OWNER-OCCUPANT: Perfect for buyers seeking to live in one unit while generating income from the others. DEVELOPMENT-POTENTIAL: Situated on a generous 12,700 sq ft lot, the site offers excellent possibilities for redevelopment. Whether you’re an investor, developer, or owner-occupant, this unique property offers flexibility, income potential, and an unmatched location. The neighborhood's proximity to downtown Denver, recreational spaces, and cultural attractions make it attractive to a diverse tenant base, including professionals, families, and students. Washington Park is among Denver's most sought-after neighborhoods. It offers a blend of historic charm and modern amenities, featuring tree-lined streets, Craftsman-style homes, and access to the expansive 165-acre Washington Park and is known for its vibrant community!

  • Property Details
      • Exterior MaterialsGarden, Private Yard
      • FoundationConcrete Perimeter
      • Property ConditionUpdated/Remodeled
      • SubdivisionShackelton Place
      • Sewer InformationPublic Sewer
      • BasementUnfinished
      • Original List Price$1,750,000
      • Property SubtypeQuadruplex
      • Structure TypeQuadruplex
      • School DistrictDenver 1
      • Middle SchoolMerrill
      • Taxes Annual$11,593
      • MLS #8331390
      • Cost1750000
      • MLS #8331390
      • Utility SourcePublic
      • Elementary SchoolSteele
      • CountyDenver
      • Lot DescriptionLevel
      • High SchoolSouth
      • Acres0.29
      • Square Feet4140
      • Year Built1952
      • Bedrooms10

Location

Julie McCollam | Sellstate Altitude RealtyReal Estate Group
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