This rare four-unit investment opportunity is centrally located in the heart of downtown Golden, Colorado, sitting on a .21-acre lot in the direct path of future development. The City of Golden continues to push forward with growth initiatives, making this a prime location for long-term upside. While the property is… Read More currently under-rented and under-managed, a new owner has the opportunity to improve operations, increasing NOI -creating a cash-positive asset while planning for future redevelopment. With intrinsic land value and potential zoning benefits, this offering presents an ideal investment for those looking to capitalize on Golden's ongoing transformation. Investment Highlights * Premier Location - Centrally positioned in downtown Golden, benefiting from strong demand and walkability. * Well-Maintained Asset - No Zinsco or Federal Pacific panels; water heaters replaced in 2015 and 2017. * Value-Add Potential - Below-market rents create an opportunity to increase NOI while planning for redevelopment. * Development Potential Located in the direct path of growth, offering long-term upside. Read Less
Courtesy of Joe Hornstein, NorthPeak Commercial Advisors, LLC, [email protected],720-939-2943.
Listing Snapshot
Days Online
19
Last Updated
Property Type
Income Property
Square Ft.
3,112
Year Built
1870
MLS Number
8189523
30 Days Snapshot Of 80401
$865k
0%
(avg) sold price
34
+17%
homes sold
25
-62%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Above Grade Finished Area: 3112, Building Area Total: 3112, Construction Materials: "Wood/Frame", Total Sq Ft: 3112, Levels: "Two", Living Area: 3112, Living Area Source: Assessor, Living Area Units: Square Feet, Stories: 2, Year Built: 1870
Garage
Covered Spaces: 8, Garage Spaces: 8, Garage YN: t, Garage Type: Off Street
Income
Gross Income: 63555, Net Operating Income: 50057
Heating
Heating: "Forced Air", Heating YN: t
Unit One
Bedrooms Unit 1: 1, Est Sq Ft Unit 1: 575, Number 1 Bedroom Units: 2, Rent Unit 1: $1,225, Total Baths Unit 1: 1
Unit Two
Bedrooms Unit 2: 2, Est Sq Ft Unit 2: 775, Number 2 Bedroom Units: 2, Rent Unit 2: $1,563, Total Baths Unit 2: 1
Property
Crops: None, Property Condition: "Not New, Previously Owned", Property Sub Type: Income Property, Property Type: Residential Income
Taxes
Has Metro Tax District: No, Tax Annual Amount: 4539, Tax Year: 2023
Water Features
Has Water Rights: No
Lot
Lot Size Units: Square Feet
Expenses
Operating Expense: 13498
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.
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.
Confirm your time
Fill in your details and we will contact you to confirm a time.
