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Sold for $430,000
  • $430,000

    405 Roworth St, Central City, CO 80427

    4beds
    3,387sqft
    Income
    Built in 1880
    -- sqft lot
    $472,300 Zestimate®
    $127/sqft
    $1,839 Estimated rent

    Home value

    $472,300

    $425,000 - $520,000

    $1,839/mo

    Zestimate® history
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    Rent Zestimate®

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    $2,381/mo

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    $2,381/mo

    Est. payment

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    What's special

    Brokers welcome, I will pay 3% broker co-op. For sale by owner - call 303-834-2231 for questions or to arrange a showing, I live nearby so it’s easy to show. Great investment opportunity, can live and work here, or rent it all out and have it pay your mortgage plus have some extra cash leftover. Building is in downtown redevelopment district, with lots of tax breaks in a booming area within commuting distance of Denver metro area. Zoning changed recently to multi-use for the downtown area to allow for more uses, building has four floors with three of the floors having their own entries/exits. So it can be a commercial property on the street level floor and the rest can be residential, AirBnB, or it can all be commercial units, or can be one big commercial unit. It was rebuilt as a casino in 1992, and previous owners had put over $500,000 into remodeling the entire building at that time with fire escapes and total rebuild. Building was also the local police station and then the corporate offices of Johnny Z's casino. Building is next door to a 500+ car public parking garage, and a new public parking lot is being built in the back yard over the river starting in the next few weeks. Across the street is the Bus Stop for the Black Hawk - Central City Shuttle, as well as where all the other busses stop from Denver. Building is the old firehouse and was rebuilt in 1992 with the outside brick and stone structure being shored up with steel plates and the inside walls were sprayed with shockrete, and then a new building was basically built within the old building frame. Building made using 2x6's and 2x12's, which was made to hold a lot of weight - as the slot machines at that time were all using coins. This is a great long term investment with lots of potential uses: brewery, distillery (whiskey would do amazing here), restaurant, liquor store, casino, sports betting parlor (once state approves), commercial rental units, apartments, hotel, smoking lounge, outdoor gear store, music venue, bar, buffet, private residence with commercial unit/s. Can show about any day, as I just live down the road and am there most days anyway.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 5
    • Full bathrooms: 1
    • 3/4 bathrooms: 1
    • 1/2 bathrooms: 2
    • 1/4 bathrooms: 1
    Heating
    • Baseboard, Forced air, Gas
    Cooling
    • Other
    Features
    • Eating Space / Kitchen, Smoke Free, Remodeled, Pet Free
    • Flooring: Carpet, Hardwood, Linoleum / Vinyl
    • Basement: Finished
    • Has fireplace: No
    Interior area
    • Total interior livable area: 3,387 sqft

    Property

    Parking
    • Total spaces: 15
    • Parking features: Off-street, On-street
    Features
    • Exterior features: Stone, Brick
    • Has view: Yes
    • View description: Mountain
    Lot
    • Size: 2,613 Square Feet
    Details
    • Parcel number: R002358

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Denver Square
    • Property subtype: Income
    Materials
    • Wood
    • Roof: Composition
    Condition
    • Year built: 1880

    Community & HOA

    Location
    • Region: Central City

    Financial & listing details

    • Price per square foot: $127/sqft
    • Tax assessed value: $494,840
    • Annual tax amount: $1,002

    Price history

    DateEventPrice
    4/16/2024Sold$430,000+50.6%$127/sqft
    Source: Public Record Report a problem
    3/21/2021Listing removed--
    Source: Owner Report a problem
    8/29/2018Sold$285,500-55.3%$84/sqft
    Source: Public Record Report a problem
    7/17/2018Price change$639,000-1.7%$189/sqft
    Source: Owner Report a problem
    5/31/2018Listed for sale$650,000+8.5%$192/sqft
    Source: Owner Report a problem
    7/1/2017Listing removed$599,000$177/sqft
    Source: LEGACY REALTY #2377839 Report a problem
    5/1/2017Listed for sale$599,000+166.2%$177/sqft
    Source: LEGACY REALTY #2377839 Report a problem
    8/21/2006Sold$225,000$66/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$1,002 +0.9%$33,160 +12.5%
    2024$993 +34%$29,470
    2023$741 -0.4%$29,470 +27.7%
    2022$744 +39.5%$23,080 -2.8%
    2021$533 +61.8%$23,740 +33.5%
    2020$330 $17,780 +39.5%
    2019$330 +1.9%$12,750 +7.5%
    2018$324 -95.8%$11,860 -82.5%
    2017$7,618 $67,830 +508.3%
    2016-- $11,150 -74%
    2015-- $42,850
    Find assessor info on the county website

    Neighborhood: 80427

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Gilpin County School
    • Middle: Gilpin County School
    • High: Gilpin County School
    • District: Gilpin RE-1

    Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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