701 Galapago Denver, CO 80204
6 Beds
4 Baths
3,198 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Coming Soon
Purchase Type For Sale
Square Footage 3,198 sqft
Subdivision Elmwood Add
MLS Listing ID IRE2914933
Style Victorian
Bedrooms 6
Full Baths 1
Three Quarter Bath 3
HOA Y/N No
Year Built 1886
Annual Tax Amount $3,832
Tax Year 2024
Lot Size 3,484 Sqft
Acres 0.08
Source ires
Property Description
Extensive capital improvements completed in 2022 include new outdoor siding and exterior paint, new windows, new vinyl and wood flooring, new carpet in bedrooms, new bathrooms, new stainless steel appliances, new interior paint, new drywall, and sewer replacement in the basement. Additional system upgrades include replaced furnaces and water heaters, providing enhanced efficiency, comfort, and reduced near-term maintenance.
The property features three private-entry units with the following configuration:
* Unit A (Ground Level): 3 bed / 2 bath - Rent $2,150
* Unit B (Second Level): 2 bed / 1 bath - Rent $2,000
* Unit C (Basement Level): 2 bed / 1 bath - Rent $1,700
Financial highlights include gross annual income of $70,200, operating expenses of $11,873, and a 5.03% cap rate, offering immediate cash flow with long-term appreciation potential.
Located minutes from Downtown Denver, the Santa Fe Art District, parks, restaurants, breweries, shopping, and public transit, this walkable location continues to see strong demand from both tenants and homeowners alike.
Whether you are seeking a turnkey investment, planning to house-hack and offset your mortgage, or looking for a centrally located primary residence with income potential, this property delivers exceptional versatility, modern improvements, and long-term value in a rapidly evolving urban corridor.
Location
State CO
County Denver
Community Elmwood Add
Area Metro Denver
Zoning U-RH-3A
Rooms
Basement Partially Finished
Interior
Heating Forced Air
Cooling Ceiling Fan(s)
Appliance Dishwasher, Refrigerator, Disposal, Fire Alarm
Exterior
Garage Spaces 3.0
Utilities Available Electricity Available
View Y/N No
Roof Type Composition
Garage Yes
Building
Lot Description Level, Outbuildings
Sewer Public Sewer
Water City
Architectural Style Victorian
Level or Stories Three Or More
Structure Type Vinyl Siding,Wood Siding
New Construction false
Schools
Elementary Schools Dora Moore
Middle Schools Kipp Sunshine Peak Academy
High Schools Denver District 1
School District Denver District 1
Others
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Special Listing Condition Private Owner
