OPEN HOUSE SATURDAY 11AM-1PM (3 UNITS OPEN, look for the red balloons)! STRATEGIC PRICE ADJUSTMENT TO $1,095,000! - 100% TURNKEY MULTI-FAMILY INVESTMENT IN WEST WASH PARK / SOBO - Compelling new pricing update on the iconic Gingerbread House, an exceptionally maintained Victorian quadruplex --bridging West Wash Park and the South Broadway corridor. Repositioned to unlock an immediate 5.65% cap rate, this fully performing asset features low overhead management and 4 coveted off-street rear parking spaces --driving top-tier rental rates and tenant retention. - PROVEN INCOME STREAM - Optimized for low-turnover stability, the highly efficient unit mix consists of one 2BR unit with exposed brick, two large 1BR apartments, with beautiful original woodwork, and one spacious studio with a separated kitchen area. CORE HIGHLIGHTS -1) Two units fully leased through August 2027 for guaranteed cash flow, with the remaining two units in negotiation to lock in peak market-rate upside. 2) Exceptional track record of tenant retention. 3) Professionally installed soundproof windows on a street-facing bedroom. NO DEFERRED MAINTENANCE - Buy with confidence knowing major capital items are done: new waterline, efficient central boiler, updated water panel, whole house backflow valve, remote water shutoff, fence, exterior paint and more - PROPERTY FEATURES & UNBEATABLE LOCATION - Tenants enjoy an amazing shared backyard oasis with a custom pergola, lush grass lawn, flowers, multiple patio sets, and a gas grill-premium incentives ensuring near-zero vacancy. Boasts a phenomenal Walk Score of 97 and a matching Bike Score of 97. Located 2 blocks from the South Broadway strip, tenants can easily walk to Safeway, Natural Grocers, USPS, public library, Snooze, and Burndown. Tenants love all of the close venues and enjoy the straight shot downtown or to I-25 for effortless commuting. Secure a predictable, turnkey revenue engine with room for upside. Stop by Saturday or schedule a private tour!

Property Details of 208 S Lincoln Street

Property Details

Interior Features

Utilities and Appliances

Community

Other Details

Listed by Kyle Flaming of Lightning Realty (303-549-5953)

Map Location

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