About 1685 Chester Street
Property is 100% Occupied Current CAP Rate 8% based on cash purchase. Attention Investors and Owner Occupants. Fabulous Ranch Quadplex is perfect option if you are looking 4 bedroom home with additional 3 unit for income or a low maintenance four-unit investment opportunity, with additional income from garage/work shop. Updates to the building include New Roof and gutters on building and garage in 2023, New storage shed and some new cement 2023, newer vinyl windows throughout complex, newer electrical panel to the garage with 220 and on a separate utility meter. Garage is rented for $600 mo as storage. The interior unit's updates vary, from newer tile floor, refinished wood floors or wood laminate, all bathrooms have been updated with tile and some newer vanities. The property offers a total of 3,588 rentable housing square feet and 798 Rentable Garage square feet. the rent includes water, sewer, and trash services. The property currently allows for 4 off-street parking spaces behind the garage and several street parking spaces, as it is a corner lot. *Unit 9340 - 1 bed 1 bath original cabinets, newer refinished wood floors, updated tile in bath. *Unit 9360 - 2 bed 1 bath Tile floors kitchen & bath, wood floors in bedrooms & living room.
*Unit 1685 – 1 bed 1 bath recently updated in 2024 with new cabinets and counters, all new paint, newer appliances, updated bath and vanity, tile flooring and new carpet. *Unit 1695 is 4/2 or two -2/1 unit which could make a great primary home with the other 3 units as rentals or 5 unit
This property offers easy access to public transportation. Conveniently located just minutes away from Central Park, Stapleton, Fitzsimons Medical Center, Lowry, Shops at Northfield. With its proximity to downtown Denver, accessible via East Colfax and Interstate 225, this property enjoys an ideal location with numerous retail and restaurant options nearby.
DISCLOSURE: Listing Agent related to Seller and is Seller Agent Only
