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$ 3,043,000
Est. payment | /mo
0.25 Acres Lot
$ 3,043,000
Est. payment | /mo
0.25 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 6812365
HOA Y/N No
Originating Board recolorado
Year Built 1971
Annual Tax Amount $14,238
Tax Year 2024
Lot Size 10,890 Sqft
Acres 0.25
Property Sub-Type Multi-Family
Property Description
Sprucewood Apartments is a 17-unit multifamily community, offers a rare south facing garden-style walk-up investment opportunity in the Health and Wellness District of Downtown Englewood. Built in 1971, this 11,511 SF property features a durable brick exterior, a new boiler, and assigned off-street parking. The unit mix consists of (3) two-bedroom, one-bath units and (14) one-bedroom, one-bath units, all individually metered for electricity. Residents enjoy all-electric kitchens, individual A/C units and hot water heat from a central boiler. Additional amenities include a landlord-owned laundry facility, private storage units, and a sprinkler system. Mature landscaping and a patio enhance the residential appeal, while the property's corner lot provides strong visibility on E Floyd Ave & Clarkson Street. Zoned MU-R-3-C, this asset presents a compelling investment opportunity. *Sellers Financing is Assumable at a 3.75% Principal & Interest
Location
State CO
County Arapahoe
Zoning MU-R-3-C
Interior
Fireplace N
Exterior
Total Parking Spaces 16
Garage No
Building
Sewer Public Sewer
Water Public
Others
Acceptable Financing Cash, Conventional, Owner Will Carry
Listing Terms Cash, Conventional, Owner Will Carry
Special Listing Condition None
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed by Pinnacle Real Estate Advisors • rlawson@pinnaclerea.com,303-962-9555