Homes for sale - 3238-3240 N Madison ST, Denver, CO 80205

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Jim Cavoto

jim.cavoto@engelvoelkers.com +1(720) 692-6563

$ 599,000

Est. payment -/mo

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Active Under Contract

3238-3240 N Madison ST Denver, CO 80205

3 Beds

2 Baths

1,420 SqFt

UPDATED:

11/16/2024 09:51 PM

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 1,420 sqft

Price per Sqft $421

Subdivision Clayton

MLS Listing ID 5167112

Style Mid-Century Modern

Bedrooms 3

Full Baths 2

HOA Y/N No

Abv Grd Liv Area 1,420

Originating Board recolorado

Year Built 1945

Annual Tax Amount $3,834

Tax Year 2023

Lot Size 7,405 Sqft

Acres 0.17

Property Description

Don't miss this rare opportunity to own a property with significant income potential. Welcome to 3238-3240 Madison Street, a charming mid-century styled brick duplex in the heart of Denver. This listing offers an exceptional investment opportunity for first-time buyers and seasoned investors alike. The upstairs 2-bedroom, 1-bathroom unit is move-in ready, boasting recent renovations including newer double-pane windows, fresh paint, modern lighting, an updated bathroom, newer appliances, and a thoughtfully designed layout. The garden-level 1-bedroom, 1-bathroom unit is currently leased for $1,500 per month until February 2025 and has its own private entrance. Both units share a convenient laundry/utility room in the basement, complete with washer and dryer, and offer additional storage space. Recent property improvements include a recoated roof (2024), a brand-new water heater, and a new central air conditioning system. The sewer line has been updated to PVC. Step outside into your spacious backyard on this nearly 8,000 square foot lot, where the possibilities are endless. Expand your living space, build a garage or ADU(s), or create your own private oasis with gardening and entertaining areas. The large shed provides ample storage for tools and toys, and the fenced yard offers a secure haven for pets. With alley access, you can park up to 6 vehicles, including large RVs and boats. Located in the historic Clayton neighborhood, this property is close to highways, coffee shops, parks, restaurants, and the City Park Golf Course. Don't miss this rare opportunity to own a property with immense potential at a price below $600,000.
Utilize this income property to offset your mortgage payment or potentially live rent-free. Financing incentives are available. Contact listing agent Bobby Reginelli for more details.
Open House: Saturday, November 16th, 11:00 AM - 12:00 PM. Schedule your showing today!

Location

State CO

County Denver

Zoning U-TU-C

Rooms

Basement Finished, Walk-Out Access

Interior

Heating Forced Air

Cooling Central Air

Flooring Carpet, Concrete, Linoleum, Tile

Fireplace N

Appliance Dryer, Oven, Refrigerator, Washer

Laundry Common Area

Exterior

Exterior Feature Garden, Private Yard, Rain Gutters

Fence Full

Utilities Available Cable Available, Electricity Connected, Internet Access (Wired)

Roof Type Fiberglass,Rolled/Hot Mop,Tar/Gravel

Total Parking Spaces 6

Garage No

Building

Lot Description Level

Sewer Public Sewer

Water Public

Level or Stories Multi/Split

Structure Type Brick,Concrete

Schools

Elementary Schools Columbine

Middle Schools Whittier E-8

High Schools East

School District Denver 1

Others

Senior Community No

Ownership Individual

Acceptable Financing 1031 Exchange, Cash, Conventional, FHA, VA Loan

Listing Terms 1031 Exchange, Cash, Conventional, FHA, VA Loan

Special Listing Condition None

Pets Allowed Cats OK, Dogs OK

Listed by MODUS Real Estate • BobbyILoveYourWay@gmail.com,720-636-6096

Jim Cavoto

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+1(720) 692-6563

Jim Cavoto

3238-3240 N Madison ST Denver, CO 80205

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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3238-3240 N Madison ST