Description
Well-maintained apartment building located in the Historic District in RINO. This 5-unit apartment building has a great traditional architectural look from 1888 the year the building was built. An addition was added in 1910. The present owner has never had problems in renting out the units as its closeness to public transportation and ease in getting to the interstate, airport, downtown, and RINO makes it a sought-after location. Its current zoning allows 2.5-story rowhouses to be built on the property. Put this property in your sights and set a showing. 2441 Stout Street has a Walk Score of 87 out of 100. This location is Very Walkable so most errands can be accomplished on foot. 2441 Stout Street is a three-minute walk from the D 30th & Downing Station to Littleton-Mineral Station at the 25th & Welton Station stop. This location is in the Five Points neighborhood in Denver. Nearby parks include Lawson Park, Glenarm Place Historic Residential District (historical), and Enterprise Hill Historic District. If you would like to know how to make the cap rate 5.5 or higher please give me a call. The owner is willing to finance for up to 5 years, then new owner will have to obtain a commercial loan.
Location
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