3238-3240 N Madison ST Save Request In-Person Tour Request Virtual Tour
Denver,CO 80205
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
Year Built 1945
Annual Tax Amount $3,834
Tax Year 2023
Lot Size 7,405 Sqft
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
Interior
Heating Forced Air
Cooling Central Air
Flooring Carpet,Concrete,Linoleum,Tile
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
Building
Lot Description Level
Sewer Public Sewer
Water Public
Structure Type Brick,Concrete
Schools
Elementary Schools Columbine
Middle Schools Whittier E-8
High Schools East
School District Denver 1
Others
Acceptable Financing 1031 Exchange,Cash,Conventional,FHA,VA Loan
Listing Terms 1031 Exchange,Cash,Conventional,FHA,VA Loan
Special Listing Condition None
Pets Description Cats OK,Dogs OK