RARE OPPORTUNITY TO OWN AN AMAZING RENOVATED HOUSE WITH AN ADU THAT ARE BOTH LICENSED CITY OF DENVER RENTALS. THIS AMAZING OPPORTUNITY SITS OFF OPEN SPACE ON ARGO PARK IN THE DESIRABLE GLOBEVILLE NEIGHBORHOOD. WOULD MAKE AN INCREDIBLE INVESTMENT OR MOVE IN ONE UNIT AND GET EXTRA RENTS FROM THE SEPARATE ADU/MOTHER IN LAW SUITE. THE UPSTAIRS/MAIN HOUSE IS VACANT AND WAS RENTED FOR $2100 A MONTH. THE LOWER/GARDEN LEVEL ADU WITH A SEPARATE ENTRANCE RECEIVES $1250 A MONTH AND IS RENTED THROUGH APRIL 2025. THIS GREAT PROPERTY HAS UNPARALLELED CITY VIEWS ALONG WITH AN INCREDIBLY PRIVATE BACKYARD THAT HAS A HUGE NEWER DECK THAT'S PERFECT FOR ENTERTAINING AND SPENDING TIME OUTDOORS. THERE IS SECOND BACKYARD AREA THAT HAS A OVERSIZED FLAGSTONE PATIO AND OFFERS EVEN MORE OPPORTUNITY TO ENJOY THE PRIVACY AND VIEWS. THIS PROPERTY IS OFF ARGO PARK OPEN SPACE WITH TRAILS AND IS ALSO A FEW BLOCKS TO GLOBEVILLE/ARGO PARK. THERE ARE NO NEIGHBORS IN THE BACKYARD BECAUSE OF THE PARK/OPEN SPACE. THE MAIN KITCHEN HAS NEWER STAINLESS STEELE APPLIANCES WITH QUARTZ COUNERS. THE ADU HAS NEWER BUTCHER BLOCK COUNTERS AND NEW APPLIANCES AS WELL AS A REFINISHED 3/4 BATHROOM. NEW SYSTEMS INCLUDE THE FURNACE, HOT WATER HEATER AND ELECTRIC PANEL. THE HOUSE ALSO HAS A SWAMP COOLER.
Significant Price Drop bringing this to an 8.2% Cap Rate on conservative numbers! Fantastic investment opportunity on this up/down duplex with two 4 bedroom, 2 bathrooms units. **Property Highlights:** - **Size:** 2,706 total square feet - **Upper Unit:** Enjoy vaulted ceilings that enhance the spaciousness and ambiance of the living area. - **Recent Upgrades:** Both units are equipped with new furnaces and a new on-demand water heater, ensuring comfort and efficiency year-round. - **Utilities:** Each unit is separately metered for gas and electricity, offering convenience and control over utility expenses. - **Parking:** Benefit from off-street covered parking accessible from the alley, providing added value for your tenants. - **Prime Location:** This property is conveniently located next to the city library, enhancing the properties' appeal and accessibility to amenities. Both units are currently vacant and ready for immediate occupancy, presenting an excellent opportunity for new owners to start generating income right away. The financials are strong, making this duplex a promising addition to your investment portfolio. This property is for sale along with a second duplex located across the alley at 4665 Gaylord St. Can be purchased together or separately.
Price reduced bringing this to an 8.6% cap rate with the ability to achieve over a 9% cap rate! Discover a fantastic investment opportunity located in the heart of Denver. This property is a side by side duplex with two 5 bedroom, 2 bath units! **Key Features:** - **Updated Interiors:** Both units boast modern white shaker cabinets, enhancing the contemporary appeal of the spaces. - **Off-Street Parking:** Enjoy the convenience of dedicated off-street parking at the rear of the property. - **Strong Financials:** Benefit from a sound investment with strong financial metrics. - **Separate Utilities:** Each unit is separately metered for gas and electric, offering tenants autonomy and simplifying management. - **Spacious Living:** With a total of 3134 square feet, there’s plenty of room for comfortable living. Also available for sale is the duplex located across the alley at 4660 Vine St. Can be purchased together or separately.
Fully remodeled 3 unit that is the perfect house hack for a new investor or cash generating addition to the portfolio of an experienced investor. Current rents are under market rents. Fast growing neighborhood, perfect for buy and hold investment as prices are rapidly appreciating. Updated electric, plumbing, HVACs, kitchens, bathrooms, flooring, paint, and appliances. Washer Dryer in each unit. Low maintenance expenses and seamless management.
The median home value in Denver, CO is $421,900. This is lower than the county median home value of $422,200. The national median home value is $219,700. The average price of homes sold in Denver, CO is $421,900. Approximately 46.91% of Denver homes are owned, compared to 46.75% rented, while 6.34% are vacant. Denver real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Denver real estate agent to arrange a tour today!
Denver, Colorado 80216 has a population of 678,467. Denver 80216 is less family-centric than the surrounding county with 30.07% of the households containing married families with children. The county average for households married with children is 32.39%.
The median household income in Denver, Colorado 80216 is $60,098. The median household income for the surrounding county is $60,098 compared to the national median of $57,652. The median age of people living in Denver 80216 is 34.4 years.
The average high temperature in July is 89.9 degrees, with an average low temperature in January of 18.8 degrees. The average rainfall is approximately 17.4 inches per year, with 56.7 inches of snow per year.