Off-Market Condo at 1060 N Washington St, Denver, CO 80203
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1060 N Washington St, Denver, CO 80203

Unit - #103

$355,000

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $134 per day and long-term for an average of $1,499 per month, based on similar listings in the area. Estimated short-term cap rate of 2.3%. Estimated long-term cap rate of -3.1%. Classic 1930’s Capitol Hill building with historic architectural features, including coved ceilings, archways and original cabinetry throughout. Designer remodel of kitchen in 2020, with stainless appliances, dishwasher, cle tile, solid wood cabinets and granite counters. Original oak hardwood floors throughout. Large living room, dining area and bedroom with original built-in storage and large entry closet/coat room. Vintage tile in bath. Natural light steams from extra large steel casement windows overlooking courtyard. Laundry and bike storage in basement. Assigned parking space #1 and secure basement storage room #28. The Rexford is walking distance to five grocery stores, including Trader Joe’s and Whole Foods. Close to Cheesman Park, City Center and favorite restaurants, including Mizuna, Luca, Snarfs and so many more! Freshly painted and ready for immediate occupancy.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$390
Rental Policy
daily
Yearly Taxes
$1496
Bedrooms
1
Bathrooms
1
SQFT
739
Furnished
N/A
Year built
1931
Listing Status
Off Market
MLS
2713056

Short-term Rental Potential
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$37,140

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$480

Price/SQFT

Long-term Rental Potential
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$17,988

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$1,499/mo

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