Welcome to this exceptional duplex investment opportunity located on a massive corner lot in a quiet, coveted, tree-lined neighborhood. This property offers two beautifully maintained multi-level units, each featuring spacious layouts, vaulted ceilings, recessed lighting, and functional kitchens equipped with stylish quartz countertops. Each unit provides two oversized bedrooms with ample closet space and updated full bathrooms, including double vanities and modern finishes. Additional conveniences include separate laundry hookups and individual 1-car garages for each unit.
Investors will appreciate the substantial lot size, providing abundant outdoor space for tenants, along with mature landscaping for enhanced curb appeal. The property is efficiently set up with separately metered electric and gas utilities, while water is billed from a single meter.
Rental comps suggest potential monthly rents ranging from $2,750 to $2,850 per unit. With projected annual expenses of approximately $10,295 and a conservative vacancy rate of 5%, this property offers an attractive estimated cap rate of 6%. Currently vacant and ready for immediate occupancy, this duplex is ideally situated with quick access to 6th Avenue, I-70, Colfax, downtown Denver, and the mountains. Contact us today for detailed rental comps, financial analysis, and additional investment insights!
1,788 Sq Ft
0.38 Private Acres Exterior Space
Other
$3,795 Annual Tax
Built in 1971
MLS/Listing ID 9512592
Construction - Vinyl Siding
Cooling - Other
Partial
Carpet
Tile
Vinyl
Heating - Forced Air
In Unit Laundry
Laundry Closet
Lot - Corner Lot
Parking - Concrete
Range
Dishwasher
Disposal
Gas Water Heater
Microwave
Construction - Brick
Construction - Frame
Listing Courtesy of THE GOLD STANDARD BROKERAGE, SEAN GRIBBONS - 303-883-3833
Source of Data: RECOLORADO