Priced reduced again to attract strong interest! This is now priced below market for a quick sale! Seller is open to reviewing all offers. Triplex and Covered Land Play with Strong In-Place Income on a Rare 12,500 SF Double Lot. 1000 Tennyson St is a 3-unit situated on an oversized… Read More 12,500 SF double lot in one of Denver’s rapidly evolving urban corridors. This asset offers investors a compelling combination of stable cash flow today and significant future development upside. The property consists of three updated residential units plus a detached garage, generating $75,180 in annual gross income and $65,003 in NOI, equating to a 8.14% cap rate at the list price. All units have been updated over the ownership, providing immediate operational stability with minimal near-term capital requirements. Beyond the high cap rate/cash flowing income, the true value lies in the land. The oversized double lot creates a clear and executable path for redevelopment. By right, an investor can split the lot and construct two duplexes (4 total units) without rezoning. For those seeking higher density, the City has indicated the potential to develop up to 20 units with a successful rezoning, making this a prime long-term hold or redevelopment opportunity. Whether you’re an investor looking to land bank with strong yield, or a developer seeking a scalable infill project in a high-demand Denver location, 1000 Tennyson delivers flexibility, income, and upside. Read Less
Courtesy of Pinnacle Real Estate Advisors [email protected],970-946-9365
Listing Snapshot
Days Online
200
Last Updated
Property Type
Triplex
Beds
6
Square Ft.
2,120
Lot Size
0.29 Acres
Year Built
1943
MLS Number
2777251
Additional Details
Property Access
Road Responsibility: Public Maintained Road
Basement
Finished
Building
Built in 1943, Living area: 2120, Levels: Multi/Split, Construction Materials: Frame
Cooling
Evaporative Cooling
Expenses
Operating: $10,177
Garage
2 spaces
Heating
Forced Air
Income
Gross Income: $72,180
Lot
0.29 acres, Corner Lot, Level
Owner Pays
Electricity, Gas, Insurance, Taxes, Trash Collection, Water
Parking
4 total parking spaces
Roof
Composition
Sewer
Public Sewer
Taxes
Parcel Number: 5064-09-004, Annual Amount: $3,729, Legal Description: WEST VILLA PARK B9 L21 TO 24, Year: 2024, Zoning: E-TU-C
Utilities
Electricity Connected, Internet Access (Wired), Natural Gas Connected, Water Source: Public
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