701 Galapago ST Denver, CO 80204
6 Beds
4 Baths
3,198 SqFt
UPDATED:
Key Details
Property Type Other Types
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 3,198 sqft
Price per Sqft $328
Subdivision Elmwood Add
MLS Listing ID 6715532
Style Victorian
Bedrooms 6
Full Baths 1
HOA Y/N No
Year Built 1886
Lot Size 3,350 Sqft
Acres 0.08
Property Sub-Type Single Family Residence
Property Description
Extensive capital improvements completed in 2022 include new outdoor siding and exterior paint, new windows, new vinyl and wood flooring, new carpet in bedrooms, new bathrooms, new stainless steel appliances, new interior paint, new drywall, and sewer replacement in the basement. Additional system upgrades include replaced furnaces and water heaters, providing enhanced efficiency, comfort, and reduced near-term maintenance.
The property features three private-entry units with the following configuration:
• Unit A (Ground Level): 3 bed / 2 bath – Rent $2,150
• Unit B (Second Level): 2 bed / 1 bath – Rent $2,000
• Unit C (Basement Level): 2 bed / 1 bath – Rent $1,700
Financial highlights include gross annual income of $70,200, operating expenses of $11,873, and a 5.03% cap rate, offering immediate cash flow with long-term appreciation potential.
Located minutes from Downtown Denver, the Santa Fe Art District, parks, restaurants, breweries, shopping, and public transit, this walkable location continues to see strong demand from both tenants and homeowners alike.
Whether you are seeking a turnkey investment, planning to house-hack and offset your mortgage, or looking for a centrally located primary residence with income potential, this property delivers exceptional versatility, modern improvements, and long-term value in a rapidly evolving urban corridor.
Location
State CO
County Denver
Zoning U-RH-3A
Rooms
Basement Finished
Interior
Interior Features Ceiling Fan(s), High Ceilings
Heating Forced Air
Cooling None
Flooring Vinyl
Appliance Dishwasher, Disposal, Oven, Range, Refrigerator
Laundry In Unit
Exterior
Utilities Available Electricity Connected
Waterfront Description Public
Roof Type Composition
Private Pool No
Building
Lot Description Level
Story Three Or More
Sewer Public Sewer
Water Public
Architectural Style Victorian
Schools
School District Elementary: Denver 1, Middle/Junior: Denver 1, High: Denver 1
Others
Senior Community No
Tax ID 5036-15-038
Special Listing Condition None Known
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Broker Associate License ID: FA100103353
+1(970) 999-2646 | cohomesbycrystal@gmail.com