Description
Property has a solid 6.3% cap rate and is in a prime location!
Complex has had extensive remodeling done within the last few years making it easy to find tenants. Unique unit mix with a 3 bedroom, 2 bedroom and 1 bedroom. Three bedroom and two bedroom have been rented to long term tenants while the 1 bedroom is renting through air BNB as a furnished unit. This location has a lot going for it including the Perry light rail station, playground, trails, basketball court and even a frisbee golf course right in it's backyard!
Development is happening across the street as this makes for a great asset now and into the future.
Would make for a great house hack where the buyer could live in the 1 bedroom or the 3 bedroom when tenants lease ends in April.
Unit 1 is outfitted with a mini split providing heating and cooling while saving you energy costs. The other units share a furnace and utilize one thermostat.
The one bed was averaging closer to $2,500 a month before we switched over month plus length due to Denver rules; if house hacked you could rent it as you want.
We currently own the property neighboring to the North of this one if someone was interested in purchasing both.
Property Details
- Sewer InformationCity Sewer, Public Sewer
- Property SubtypeIncome Property
- Property TypeMulti-Family
- Middle SchoolStrive Lake
- SubdivisionVilla Park
- Elementary SchoolEagleton
- MLS #9078375
- MLS #9078375
- InteriorPantry
- CountyDenver
- Cost930000
- Lot DescriptionLevel
- High SchoolNorth
- Square Feet2700
- BasementFull
- Year Built1955
- Bedrooms6
- Parking Spaces7
Location
Legal
Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules. © Copyright IRES. Information deemed reliable but not guaranteed by the MLS. The information being provided is for the consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Last Updated: . Source: IRES
Listing Courtesy
Listing Agent: Nick Donato (#55061104)
Listing Office: (#NDRE1)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
