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Key Details
Sold Price $704,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 800 sqft
Price per Sqft $880
Subdivision Ne Park Hill
MLS Listing ID 3009520
Sold Date 03/22/24
Bedrooms 4
HOA Y/N No
Abv Grd Liv Area 800
Originating Board recolorado
Year Built 1941
Tax Year 2024
Lot Size 3,920 Sqft
Acres 0.09
Property Description
Investors and house hackers, your opportunity awaits in this beautifully remodeled duplex in the heart of Park Hill! This 4-bedroom, 2-bathroom gem, situated on a sizable 4115 sqft lot with 2 deeded parking spaces, promises to captivate both your heart and your income desires.
The strategic layout of this property allows for various possibilities. Live in one unit and rent out the other, creating an effortless and cost-effective living arrangement. Alternatively, capitalize on the prime location to rent out both units and enjoy a steady stream of residual income. The choice is yours, and the potential is vast.
Step onto the property and be greeted by a charming front patio, setting the tone for the impressive interior. The bright and open floor plan features refinished original hardwood flooring, adding character and warmth to the space. Both units offer spacious living rooms, inviting dining areas, and updated kitchens adorned with quartz countertops, stainless steel appliances, and custom backsplashes.
Each unit comprises two generously sized bedrooms and a full bathroom, providing comfort and convenience for occupants. The estimated rent for the top unit is $2400, while the bottom unit is estimated at $1800, offering a solid estimated 6% cap rate for savvy investors.
The lot boasts a fully fenced area, providing a private and secure space to bask in the Colorado sunshine or let the dogs and kids play freely. With proximity to City Park, I-25, and the light rail station, this property ensures both convenience and accessibility.
Don't miss out on this lucrative investment opportunity! Whether you're looking to enhance your income or find a smart living solution, this duplex in Park Hill is the key. Act now and secure your stake in Denver's thriving real estate market!
Location
State CO
County Denver
Rooms
Basement Full
Interior
Heating Forced Air
Cooling Central Air
Flooring Carpet, Tile, Wood
Fireplace N
Appliance Dishwasher, Disposal, Range, Refrigerator
Laundry In Unit
Exterior
Exterior Feature Private Yard
Fence Full
Roof Type Composition
Total Parking Spaces 2
Garage No
Building
Sewer Public Sewer
Level or Stories One
Structure Type Brick
Schools
Elementary Schools Stedman
Middle Schools Dsst: Conservatory Green
High Schools East
School District Denver 1
Others
Senior Community No
Ownership Agent Owner
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Special Listing Condition None
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Bought with PERCH REAL ESTATE