Under contract
Pending
3238-3240 N Madison Street
Denver CO, 80205
$599,000
$399.33 per sqft
Under contract
Pending
3 Beds
2 Baths
1,500 sqft
Residential
Built in 1945
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!
5167112
MLSⓇ ID
November 14, 2024
Listed
November 25, 2024
Updated
Map
3238-3240 N Madison Street
Denver CO, 80205
Interior Features
Bedrooms
3
Total Bathrooms
2
Full Bathrooms
2
Appliances
Dryer, Oven, Refrigerator, Washer
Laundry Description
Common Area
Floor Description
Carpet, Concrete, Linoleum, Tile
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Forced Air
Exterior/Building Features
Lot Size
0.17 Acres
Exterior Features
Garden, Private Yard, Rain Gutters
Lot Features
Level
Architectual Style
Mid-Century Modern
Roof
Fiberglass, Rolled/Hot Mop, Tar/Gravel
Sewer
Public Sewer
School Information
School District
Denver 1
High School
East
Elementary School
Columbine
Other Property Details
Taxes
$3,834
Tax Frequency
Annually
Garage
No
Parking Total
6
View
No
County
Denver
Water Source
Public
Pool
No
Zoning
U-TU-C
Listing History
Date | Event | Price |
|---|---|---|
11/16/2024 | Under contract | — |
11/15/2024 | Active | — |
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