Description
This four-plex is just minutes from downtown Denver in the up-and-coming Barnum neighborhood. Here is your opportunity to buy a multifamily property with $7300 monthly rental income, generating a 7.5% cap rate. Live in one unit and rent out the others so your tenants pay your mortgage while you build equity! Each unit is; 725 sqft, 2 bedrooms and 1 bath (total sqft 2900) with great parking (4 spaces/unit). BONUS: The entire complex has been redone with new everything.. over $200k of upgrades inside and out! Outside; newer sewer line and new fencing with storage for each unit. Newer roof and new exterior paint and doors. Gas and electric meters are separated for each unit. Inside; all units have open floor plans with new luxury vinyl-wood flooring, new kitchens with gray shaker cabinets with soft closing draws and pulls, granite countertops, subway tile backsplash and new stainless steel appliances. The bathrooms are all new with fixtures and lighting. 2 units have new windows and other 2 newer windows. The furnaces are 4 years old and new water heaters. All new electrical and plumbing, plus trim, doors, and paint. Each unit has stackable W&D. Gas and electrical are paid by tenants. All units are currently occupied but Owner Occupancy Is Available with a 1 month notice. This investment property offers it all - too good to pass up!
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8BEDS
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0.22ACRES
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0BATHS
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01/2 BATHS
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2,900SQFT
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$362$/SQFT
School Information
Offered by HomeSmart.Description
This four-plex is just minutes from downtown Denver in the up-and-coming Barnum neighborhood. Here is your opportunity to buy a multifamily property with $7300 monthly rental income, generating a 7.5% cap rate. Live in one unit and rent out the others so your tenants pay your mortgage while you build equity! Each unit is; 725 sqft, 2 bedrooms and 1 bath (total sqft 2900) with great parking (4 spaces/unit). BONUS: The entire complex has been redone with new everything.. over $200k of upgrades inside and out! Outside; newer sewer line and new fencing with storage for each unit. Newer roof and new exterior paint and doors. Gas and electric meters are separated for each unit. Inside; all units have open floor plans with new luxury vinyl-wood flooring, new kitchens with gray shaker cabinets with soft closing draws and pulls, granite countertops, subway tile backsplash and new stainless steel appliances. The bathrooms are all new with fixtures and lighting. 2 units have new windows and other 2 newer windows. The furnaces are 4 years old and new water heaters. All new electrical and plumbing, plus trim, doors, and paint. Each unit has stackable W&D. Gas and electrical are paid by tenants. All units are currently occupied but Owner Occupancy Is Available with a 1 month notice. This investment property offers it all - too good to pass up!
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6455 S. Yosemite St., Suite 500
Greenwood Village, CO 80111 USA