1333 W Arizona Avenue $1,775,000

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    1333 W Arizona Avenue Denver, CO 80223

    • 16 Beds
    • 8 Baths
    • 5,450 sq. ft.
    • Multi-Family
    • Listing# 8015031
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    Views: 8 Days On Site: 50

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    Property Details

    1333 West Arizona Avenue is a four-unit townhouse-style multifamily building located in southwest Denver's Ruby Hill neighborhood. Built in 2008, the property offers four large four-bedroom two-bathroom units, all of which are individually metered for gas, electric, and water. All units offer front and rear entrances and in-unit laundry. There are five off-street parking spots available for residents. Centrally located between prominent thoroughfares including Santa Fe Drive, Mississippi Avenue and Interstate 25, the location offers high connectivity to downtown Denver and the retail corridors along South Federal Boulevard and Broadway Boulevard, while still maintaining a neighborhood experience with walkability to Ruby Hill Park, Overland Golf Course, various local restaurants and public transportation. Over the last several years, multifamily properties in the immediate area have experienced extraordinary change spurred by ambitious investors, and this property is now surrounded by successful, well-done redevelopments. This is the perfect opportunity to acquire a low-maintenance Denver apartment and still expect returns north of six percent by updating the units, forcing appreciation via raising rents to market and/or by selling the units individually as condominiums for a quick and easy arbitrage play.

    • General Features
      • Structure Type Quadruplex
      • Zoning E-TH-2.5
      • Year Built 2008
      • Tax Year 2021
      • Tax Annual Amount 4268.0
      • Special Listing Conditions None
      • Senior Community Y/N false
      • Exclusions Personal property belonging to tenants.
      • County Or Parish Denver
      • Carport Y/N No
      • Association Y/N No
    • Building Features
      • Above Grade Finished Area 5450.0
      • Attached Garage Y/N No
      • Construction Materials Frame, Concrete, Vinyl Siding
      • Building Area Total 5450.0
      • Utilities Cable Available, Electricity Connected, Natural Gas Connected, High Speed Internet Available, Phone Connected
      • Roof Composition
      • Middle Or Junior School District Denver 1
      • Middle Or Junior School Grant
      • Living Area 5450.0
      • Heating Forced Air
      • Laundry Features In Unit
      • Levels Two
      • Cooling Central Air
    • Property Features
      • Covered Spaces 0.0
      • Garage Spaces 0.0
      • Lot Features Level
      • Parking Features Asphalt
      • Parking Total 5.0
      • Road Responsibility Public Maintained Road
      • Sewer Public Sewer
    • Schools
      • High School District Denver 1
      • High School Abraham Lincoln
      • Elementary School District Denver 1
      • Elementary School Godsman

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    Neighborhood

    80223 (Denver) Demographics

    35 Median Age
    3,966 Population Density (per sq. mile)
    44% College Educated
    $60,130 Estimated Median Income
    3,692 Estimated Total Home Owners
    4,197 Estimated Total Renters
    47% / 53% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    20,888 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $535,000 Median Sales Price
    18 Homes Sold
    51 New On Market

    Average Days on Site

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        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.