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Source Home Group

admin@sourceofhome.com +1(970) 528-0604

$750,000

Est. payment - /mo

6 Beds

2 Baths

2,052 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,052 sqft

Price per Sqft $365

Subdivision Hutchinsons University Place

MLS Listing ID 5112535

Style Traditional

Bedrooms 6

HOA Y/N No

Year Built 1958

Lot Size 6,600 Sqft

Acres 0.15

Property Sub-Type Duplex

Property Description

House Hack Opportunity! Multi-unit investor special! Centrally located blocks from Yale Street Station and the University of
Denver DU, this updated duplex is a great investment! Perfect for Student housing and roommates or professor. Each side
has 3 beds, 1 bath, and 1,026 square feet, and what makes this property even more versatile is a basement bonus room
with outside access (owner unit only)to utilize as a home office, storage space, workout space. The primary "owner-unit"
unit has been updated (photos shown). The "tenant-unit" is in rental condition w/ long-term renter on a mo-to-mo lease.
This duplex has it all, boasting 6 beds, 2 baths, and a total of 2,257 square feet. W/D hookups in both units. Enjoy city
living with the convenience of a single-car garage offering ample storage space. "Owner Unit" has a 1 car garage and
"tenant unit" has a carport. Don't miss the opportunity to make this exceptional investment yours today! Owner has a
second exact duplex unit available (minus one side updated for "owner" that is fully rented) if you are interested in completing your rental portfolio with a 4-plex. Ask listing agent for more details. ********************************** The multi-unit rental property strategy: With rent prices soaring, now would be a great time to become a real estate investor — if it weren't for all the upfront cash needed to buy an investment property. BUT WAIT......there's a way around this hurdle: You could buy a multifamily property, move into one of the units, and earn passive income by collecting rent on the other units. By living in one of the units, you'd be meeting the owner-occupancy rule for your mortgage. That means getting a lower mortgage rate compared to a loan for commercial properties. This strategy won't finance an entire apartment complex or a mixed-use development. It will,
however, work for a 2-, 3-, or 4-unit property.

Location

State CO

County Denver

Zoning S-MU-5

Rooms

Basement Partial, Unfinished

Interior

Heating Forced Air, Hot Water

Cooling None

Flooring Carpet, Linoleum, Wood

Laundry In Unit

Exterior

Garage Spaces 1.0

Carport Spaces 1

Utilities Available Electricity Available

Waterfront Description Public

Roof Type Composition

Porch Deck

Private Pool No

Building

Lot Description Level

Story One

Sewer Public Sewer

Water Public

Architectural Style Traditional

Schools

School District Elementary: Denver 1, Middle/Junior: Denver 1, High: Denver 1

Others

Senior Community No

Tax ID 6303-16-012

Special Listing Condition None Known

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Listed byMadison & Company Properties

Nearby School & Business

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Source Home Group

+1(970) 528-0604

Agent FA.100072314

4585/4587 E Yale AVE Denver, CO 80222

Source Home Group

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby School & Business

Get More Information