1555-1557 E Tamarac ST new to site Save Request In-Person Tour Request Virtual Tour
Denver,CO 80220
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,480 sqft
Price per Sqft $244
Subdivision East Colfax
MLS Listing ID 6114843
Bedrooms 8
HOA Y/N No
Abv Grd Liv Area 3,480
Year Built 1951
Annual Tax Amount $3,954
Tax Year 2024
Lot Size 6230.000 Acres
Acres 6230.0
Property Sub-Type Quadruplex
Source recolorado
Property Description
The Unique Apartment group is please to present 1555-1557 Tamarac St in East Denver. The property consists of four (4) renovated two (2) bedroom one (1) bathroom units, with two on the upper level and two on the garden level improvements include updated kitchens (countertops, cabinetry, appliances), flooring, paint, bathroom finishes, rock landscaping, and new concrete sidewalks. An additional two-bay garage is currently leased for storage, providing supplemental income. The property is supported by strong proforma assumptions that reflect realistic figures for market rent and expense figures, offering a clear path to increased cash flows with minimal capital outlay. This asset is well-suited for any investor seeking stabilized cash flows or an owner-occupant seeking to “house hack” by living in one unit and renting the others, potentially covering mortgage payments with a favorable residential (FHA) loan. The property is located near major East Denver community amenities including Stanley Marketplace, Central Park (formerly Stapleton), and Lowry Park; as well as major employment centers such as UCHealth Anschutz Medical Campus, Rose Medical Center, and Denver International Airport (DIA). Additionally, the East Colfax corridor and I-70 provide convenient access to the rest of the Denver metro area, while nearby neighborhoods such as Hale, Hilltop, Park Hill, and Lowry support long term rental demand and value appreciation.
Location
State CO
County Denver
Zoning E-TH-2.5
Interior
Heating Forced Air
Cooling None,Other
Fireplace N
Appliance Dishwasher,Dryer,Range,Refrigerator,Washer
Laundry Common Area
Exterior
Garage Spaces 2.0
Fence Full
Utilities Available Electricity Connected,Natural Gas Connected
Roof Type Shingle
Total Parking Spaces 4
Garage No
Building
Lot Description Level
Sewer Public Sewer
Water Public
Level or Stories Multi/Split
Structure Type Brick
Schools
Elementary Schools Ashley
Middle Schools Hill
High Schools George Washington
School District Denver 1
Others
Senior Community No
Ownership Individual
Acceptable Financing 1031 Exchange,Cash,Conventional,FHA
Listing Terms 1031 Exchange,Cash,Conventional,FHA
Special Listing Condition None