See full OM on Loopnet. Welcome to 1721-1725 N High St, a nearly 9,000 SQF mixed-use multifamily and office property in Denver's highly walkable and historic City Park West neighborhood. 1721-1725 N High St presents a rare investment opportunity in a one-of-a-kind asset, with stable in-place income, limited downside and… Read More multiple easily achievable value-add strategies for prospective buyers. Originally constructed in 1894 on a 0.20-acre lot, the building has been updated for both commercial and residential use, with approximately $500K in capital improvements since 2022. Zoned G-RO-3, the property allows for both multifamily and commercial uses. The office portion spans approximately two-thirds of the building and is leased to a therapy services provider through August 2029, currently achieving $8,500/month in rental revenue with 3% annual escalations. One residential unit, a 1,200 SF 2BR/1BA unit, achieves in-place revenue of $2,250/month. On top of the office space and 2BR/1BA unit generating $10,700/month, the remaining 4BR/1.5BA unit is owner-occupied and represents the opportunity to add further rental income or reposition the space for resale. For investors, the asset offers flexible exit optionality-whether by executing a lot split, converting units to pure residential, or repositioning for executive commercial offices-all within one of Denver's most desirable urban neighborhoods. Please Downlaod Offering Memorandum on Loopnet or contact listing broker. Loopnet: https://www.loopnet.com/Listing/1725-N-High-St-Denver-CO/37113593/ Read Less
Courtesy of Erik Carman, Compass - Denver, [email protected],720-663-8999.
Listing Snapshot
Days Online
27
Last Updated
Property Type
Income Property
Square Ft.
8,767
Year Built
1894
MLS Number
2096717
30 Days Snapshot Of 80218
$568k
-6%
(avg) sold price
24
+60%
homes sold
73
-3%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
"Dishwasher", "Refrigerator", "Washer", "Dryer"
Basement
Basement: "Partially Finished"
Building
8767 total sqft, Living Area: 8767, Above Grade Finished Area: 6550, Below Grade Finished Area: 2217, Building Area Total: 8767, Construction Materials: "Brick/Brick Veneer", Levels: "Two", Stories: 2, Structure Type: "Duplex", Year Built: 1894
Cooling
"Central Air"
Accessibility Features
"Level Lot"
Expenses
Operating Expense: $47,358
Garage
Type: Off Street, Covered Spaces: 8, Garage Spaces: 8
Provided for limited non-commercial use only under IRES Rules. Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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