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Home » Real Estate » CO » Denver » 80204 » 1321 N Elati St, Denver, CO, 80204
$1,100,000

1321 N Elati St, Denver, CO, 80204

5 Beds
3 Baths
3,306 Square Feet
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!
Offered By
Nicole Malo NicMalo@rmcherrycreek.com,303-331-4587, RE/MAX of Cherry Creek

Property Details

Property Type Attached Dwelling
Status Active
Bedrooms 5
Property Sub Type Attached Dwelling
Square Feet 3,306
MLS # 3483146
Bathrooms (¾) 2

Market Trends

New Properties On Market
51
31% Increase In New Listings
Average Asking Price
$650,865
$538 Decrease In Avg Asking Price
Average Asking Price / Sq. Ft.
$402
$50 Decrease In List Price/Sq. Ft.
Average Days On Market
18
29 Day Decrease In Days On Market
Data as of Sep 20, 2024. Remaining statistics above are calculated on activity within the period from Jul 01, 2024 to Aug 31, 2024.

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Information deemed reliable but not guaranteed by the MLS. 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. Data Source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules. © 2024 IRES. Property data was last updated on 8/28/2024 at 9:02 pm