Listing Details
- MLS#: 9897889
- MLS Originator: REcolorado (Denver)
- Property Type: Commercial Sales
- Property Subtype: Office
- Status: Expired
- Price: $2,200,000
Property Details
- Bedrooms: 0
- Sqft: 9328.00
- Acres: 0.17
- Year Built: 1945
Another huge price drop! Highly motivated seller! *PERFECT FOR OWNER OCCUPANT OR INVESTOR* 1557 Ogden St “The Dodge house” is a fully renovated, 100% occupied 20-suite office building in the heart of North Capitol hill that is perfect for either an owner occupant looking for supplemental income or an investor looking for a turnkey fully occupied cash flowing building. Current cap rate of 8.32%. Built in 1905 by geo B. Dodge, this converted Victorian mansion has undergone an extensive renovation in 2022. Located just minutes from the state capitol and a short drive to downtown this property is highly desirable and even has a wait list of tenants. Updates include a new kitchen, hardwood floors/tile on the first floor, and new carpet on the second and third floors. A secondary kitchen was also installed on the second floor, plumbing was replaced entirely throughout the building, and six new bathrooms have been added. All major systems have been replaced, including two new furnaces and two new A/C compressors, along with all new duct work. Both the interior and exterior of the building were painted and new light fixtures were replaced throughout the building. Each exterior door has been replaced with heavy-duty security doors and a new security system with cameras/motion-detection sensors has been installed.
Load & Tax Information
- Previous Year Tax: $ 29,904
- Tax Year: 2022
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