Metro Denver Luxury Homes For Sale

Property Description

Renovated in 2018, this 1940’s duplex has unbeatable convenience in the heart of the Civic Center Neighborhood. The property presents a unique live-work or investment opportunity, catering to those seeking the ultimate urban experience. Just steps away from the Denver Art Museum, History Colorado Museum, the City and State Courthouses, Denver Hospital, CU Denver and Metro State Colleges. An array of restaurants and shops are also within easy reach. The location is truly accessible, a walker’s paradise, with a Walk Score of 94, Transit Score of 78, and Bike Score of 97 out of 100, it’s a breeze to get around the city without relying on a vehicle.

This property has been a successful investment property for the owners who have self-managed the units as furnished and unfurnished rentals. Currently, both units have lease agreements until May, 2025 with a gross income of $4,850 per month. The landlord pays water, tenants pay electric and gas. Expenses including insurance, maintenance and water total approximately $7,000/year. The owner has negotiable furniture to make the transition to furnished rentals in the future if you so choose.

The lower unit, which comprises the entire bottom floor of the duplex, is a two-bedroom, 1.5-bath charmer, with a powder room and ensuite bathroom from the primary bedroom. The second-floor unit, accessible by interior stairs from the front porch has three large bedrooms and one bath. Both units boast vaulted ceilings, beautifully restored original hardwood floors and trim, as well as in-unit washer/dryers. Renovations created open floor plans, and updated bathrooms, kitchens, and appliances. Mechanical systems including the HVAC, A/C, hot water heater and plumbing were upgraded ensuring a truly turnkey living experience.

Each unit has two off-street parking spots, a true rarity in the heart of the city. For outdoor enthusiasts, each unit has a basement that provides ample storage space to accommodate Colorado adventure gear!

Features
: Forced Air, Natural Gas
: Central Air
: Full, Unfinished
: None
: City
: Family Room, Dining Room
: Carbon Monoxide Detector(s), Smoke Detector(s)
: Covered, Front Porch, Patio
: 4
: Negotiable
: Dryer, Dishwasher, Disposal, Microwave, Range, Freezer, Down Draft
: Oversized, Asphalt
: Composition
: Public Sewer
Address Map
CO
Denver
Denver
80204
Elati
1321
Street
W105° 0' 19.9''
N39° 44' 14.3''
N
Additional Information
: Brick
East
: 220 Volts
Greenlee
: Balcony, Private Yard
3
: Tile, Wood
Southwest Early College
: High Ceilings, Ceiling Fan(s), Entrance Foyer, Primary Suite
Yes
Yes
1031 Exchange, Cash, Conventional, FHA, Jumbo, Other, USDA Loan, VA Loan
: Near Public Transit
Strive Westwood
RE/MAX of Cherry Creek
5034-06-022
: None
: Townhouse
WITTERS 1ST ADD B19 L25
$4,181
2023
: Electricity Connected, Natural Gas Connected, Internet Access (Wired)
D-GT
08/08/2024
: Insulation
3306
Active
Denver 1
1
Block
Denver 1
In Unit
Denver 1
08/16/2024
2
1
08/08/2024
Public
: Two

WITTERS 1ST ADD B19 L25

1321 N Elati Street, Denver, CO 80204

5 Bedrooms
3 Total Baths
2,204 Square Feet
$1,100,000
Listing ID #3483146
Basic Details
Property Type : Residential
Listing Type : For Sale
Listing ID : 3483146
Price : $1,100,000
Bedrooms : 5
Rooms : 15
Total Baths : 3
3/4 Bathrooms : 2
Square Footage : 2,204 Square Feet
Year Built : 1940
Lot Area : 3,125 Acres
Lot Acres : 0.07
Property Sub Type : Townhouse
Status : Active
Originating System Name : REcolorado
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