940 North Downing Street
940 North Downing Street
Description
940-944 Downing presents the rare opportunity for an investor to own two classic converted mansions on two assembling parcels in one of Central Denver's premier locations. Just across the street from King Soopers and around the corner from a variety of popular neighborhood bars, taverns, and coffee shops, the properties boast a location that will continue to attract tenants seeking both convenience and vibrancy.
940 Downing is a fully renovated...DISCLAIMER: 940 Downing must be purchased with 944 Downing.
940-944 Downing presents the rare opportunity for an investor to own two classic converted mansions on two assembling parcels in one of Central Denver's premier locations. Just across the street from King Soopers and around the corner from a variety of popular neighborhood bars, taverns, and coffee shops, the properties boast a location that will continue to attract tenants seeking both convenience and vibrancy.
940 Downing is a fully renovated triplex that's comprised of two 1-bedroom and one 2-bedroom unit. Each apartment features top-of-the-line finishes including oak flooring throughout, custom kitchens that boast high-end cabinets and new concrete countertops. 944 Downing is a 4-unit building that features a strong unit mix of two 1-bedroom and two 2-bedroom units. Each apartment features spacious layouts, original hardwood floors and other vintage features that tenants love. A site development plan has been approved by the city for a 3-unit carriage house behind both properties. A new owner will have the option to immediately cash flow
from two well-maintained buildings or significantly increase returns by updating the existing residences and adding three additional units.
- Listed by Conner Piretti • NorthPeak Commercial Advisors, LLC • conner@northpeakcre.com
- Listed by Austin Bengford • NorthPeak Commercial Advisors, LLC
Amenities
- Garage
- Hardwood Floors
- Private Outdoor Space
Location
Property Details for 940 North Downing Street
| Status | Active |
|---|---|
| MLS # | 1542093 |
| Days on Compass | 85 |
| Taxes | $4,369 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1904 |
| Lot Size | - |
| County | Denver County |
Location
Building Information for 940 North Downing Street
Payment Calculator
$5,303 per month
30 year fixed, 7.25% Interest
$4,939
$364
$0
Property Information for 940 North Downing Street
- Longitude and Latitude: -104.97274, 39.731255
- Latitude: 39.73
- Longitude: -104.97
- Elementary School District: Denver 1
- Middle Or Junior School District: Denver 1
- Garage Type 1: No
- # of Garage Spaces 1: 1
- # of Garage Spaces 3: Yes
- Total Parking: 3.00
- Tax Information: No
- Tax Year: 2024
- Has HOA Covenants: No
- Tax Annual Amount: $4,369
- Lot Size Units: Square Feet
- Has Irrigation Water Rights: No
- Crops: None
- Total Finished Area Units: Square Feet
- Living SqFt: 1700
- Above Grade Finished Area Units: Square Feet
- Sq Ft Apx: 850
- Below Grade Finished Area Units: Square Feet
- Total Finished Area: 2330
- Location Description 2: No
- New Construction YN: No
- Property Styles: 2
- Levels: Two
- Utilities 1: No
- Electric: Electric, Separate Meter Electricity
- Gas: Master Meter-Gas
- Sewer: City Sewer, Public Sewer
- ViewYN: Yes
- Spa YN: No
- Baths Full Additional: 0
- Baths Full Basement: 0
- Baths Half Additional: 0
- Baths Half Basement: 0
- Baths Three Quarters Additional: 0
- Baths Three Quarters Basement: 0
- Baths Three Quarters Lower: 0
- Baths Three Quarters Upper: 0
- Main Level Bathrooms: 0
- Unit 1's Number of Bedrooms: 2
- Unit 1's Number of Baths: 1.00
- Unit 1's Estimated Square Feet: 950
- Unit 2's Number of Bedrooms: 1
- Unit 2's Number of Baths: 1.00
- Unit 2's Estimated Square Feet: 700
- Unit 3's Number of Bedrooms: 1
- Unit 3's Number of Baths: 1.00
- Unit 3's Estimated Square Feet: 700
- Rent Unit 1: $1,900.00
- Rent Unit 2: $1,650.00
- Rent Unit 3: $1,425.00
- Lease Sq Ft Unit: Square Feet
- Total Actual Rent: $4,975.00
- Horse YN: No
Property History for 940 North Downing Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 940 North Downing Street
Schools near 940 North Downing Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 8 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Dora Moore ECE - 8th Grade School PublicPK to 8 | ||
Morey Middle School Public6 to 8 | ||
East High School Public9 to 12 | ||
Denver School Of Innovation And Sustainable Design Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of NorthPeak Commercial Advisors, LLC, Conner Piretti; NorthPeak Commercial Advisors, LLC, Austin Bengford
Based on information from one of the following Multiple Listing Services: REColorado, Summit MLS Inc (a wholly owned subsidiary of Summit Association of REALTORS), Pikes Peak Association of Realtors, IRES, Grand Junction Area REALTOR, CREN, Vail Board of REALTORS and Grand County Board of REALTORS . Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by REColorado, Summit MLS Inc (a wholly owned subsidiary of Summit Association of REALTORS), Pikes Peak Association of Realtors, IRES, Grand Junction Area REALTOR, CREN, Vail Board of REALTORS and Grand County Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.
