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1465 W Nevada Pl Denver, CO 80223

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For Sale
$725,000

Rare, cash-flowing triplex near light rail and downtown Denver.

Lot size:
0.22 Acres

Property Features for 1465 W Nevada Pl

General Information

Property type
Investment
Standard status
Active
Lot size
0.22 Acres

Building Details

Year built
1955

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Listing Contact
Matthew Hill
Source: Elliman

Listing Agent: Matthew Hill

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

Turnkey Triplex Investment Opportunity

This turnkey triplex presents a rare investment opportunity with minimal upcoming maintenance and existing tenants. The property features longtime tenants with a history of timely payments. Located in a booming area near light rail and downtown Denver, the property is situated in a location where redevelopment is already underway. The triplex benefits from a new roof and gutters installed in 2018, as well as new windows and front doors from 2014. The air ducts were cleaned in 2019. Unit 1465 includes refinished wood floors, an updated bathroom, and newer stainless steel appliances. Unit 1467 features a remodeled kitchen and bath, refinished wood floors, newer appliances, a 2025 water heater, stainless steel appliances, new kitchen floors, and new bath shower walls/kit. Unit 1469 has a remodeled bath and plank flooring in the kitchen, along with a 2023 refrigerator. A basement laundry room with extra storage rooms offers potential for additional finished space. The property also includes a backyard shed with 4 storage units and 3 private parking spots in the back. The property qualifies for the Community Reinvestment Act, 1.75% loan credit up to $7,000!
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Daycare Center Accounting Firm Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Denver
County
Arapahoe
State
Colorado
Longitude
-105.0079644
Latitude
39.7104073

FAQs

What type of property is this?
Triplex - Rare, cash-flowing triplex near light rail and downtown Denver.
Where is this triplex located?
The property is located at 1465 W Nevada Pl Denver, CO.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: - Turnkey investment property with immediate cash flow at $1700/unit rent.; - Long-term tenants with perfect payment history.; - Booming location close to light rail and downtown.
More about this property
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