$2,800,000
$3,043,000
8.0%For more information regarding the value of a property, please contact us for a free consultation.
0.25 Acres Lot
SOLD DATE : 06/17/2025
Key Details
Sold Price $2,800,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 6812365
Sold Date 06/17/25
HOA Y/N No
Year Built 1971
Lot Size 0.255 Acres
Acres 0.25
Property Sub-Type Multi Family
Property Description
Sprucewood Apartments is a 17-unit multifamily community, offers a rare south facing garden-style walk-up investment opportunity in the Health and Wellness District of Downtown Englewood. Built in 1971, this 11,511 SF property features a durable brick exterior, a new boiler, and assigned off-street parking. The unit mix consists of (3) two-bedroom, one-bath units and (14) one-bedroom, one-bath units, all individually metered for electricity. Residents enjoy all-electric kitchens, individual A/C units and hot water heat from a central boiler. Additional amenities include a landlord-owned laundry facility, private storage units, and a sprinkler system. Mature landscaping and a patio enhance the residential appeal, while the property's corner lot provides strong visibility on E Floyd Ave & Clarkson Street. Zoned MU-R-3-C, this asset presents a compelling investment opportunity. *Sellers Financing is Assumable at a 3.75% Principal & Interest
Location
State CO
County Arapahoe
Zoning MU-R-3-C
Exterior
Waterfront Description Public
Private Pool No
Building
Sewer Public Sewer
Water Public
Others
Tax ID 031033012
Special Listing Condition None Known
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