1340 N Race Street

Incredible opportunity to own a classic Denver building blocks from Cheesman Park. Built in 1898 this single family home was converted to a six unit apartment building. Beautiful wood finishes in the halls. Main floor has a large one bedroom on south side with wood burning fireplace (currently not in working order). Second main floor unit is a north-side studio with large kitchen and bath. Second flor has two studios on east and west sides of building. Top floor has a remodeled one bedroom with fire escape off back of home and an updated studio. Bonus 7th unit in basement needs a lot of work and escapable window added but would be a nice addition. This property has great potential for growth, rents kept low to retain good, current tenants. Current figures used for cap rate affected by remodeling of one unit which was vacant most of 2024 and problematic eviction which has been completed.

Listing Office: Ann Lampert Realty