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Home » Real Estate » CO » Denver » 80219 » 2827 W Park Pl, Denver, CO, 80219
$820,000

2827 W Park Pl, Denver, CO, 80219

8 Beds
4 Baths
3,216 Square Feet
New price! Here's your chance to own BOTH sides of a true side by side duplex in Denver that has been nicely updated! This property is perfect for an owner-occupant who wants to rent out one side or for an investor who wants to secure a stable and well-performing property in the heart of Denver. Ready to help your 1031 Exchange! It has been professionally managed for several years by a local company. Based on current leases, gross revenue is $58,440/annually. 2827 (the front unit) is rented at $2450/month + $50/month utility fee. This lease ends on 26 Sep 2024. 2829 (the rear unit) is rented at $2295/month + $75/month utility fee. This lease ends in March 2025. Total gross income currently is $4,870/month. The front unit has 4beds/2baths with 2 bedrooms and 1 bathroom on the main floor. Downstairs in the finished basement you'll find 2 bedrooms, 1 bedroom, and the laundry. The rear unit has a similar set up with a total of 4 beds/2 baths with 2 bedrooms, 1 bathroom on the main floor and 2 bedrooms, 1 bathroom, and laundry downstairs. With each unit, there's an exterior door at the top of the basement stairs providing opportunity for separate access to basement. The rear unit has a larger fenced-in backyard. Both of these units are nicely updated, quite spacious and provide a comfortable and quality setting for future tenants.
Offered By
Andrew Morris drew@modernwesthome.com,303-929-7844, Real Broker, LLC DBA Real

Property Details

Property Type Residential Income
Status Active
Bedrooms 8
Property Sub Type Income Property
Square Feet 3,216
MLS # 4181941

Market Trends

New Properties On Market
48
55% Increase In New Listings
Average Asking Price
$493,778
$55,896 Decrease In Avg Asking Price
Average Asking Price / Sq. Ft.
$345
$26 Decrease In List Price/Sq. Ft.
Average Days On Market
15
21 Day Decrease In Days On Market
Data as of Nov 15, 2024. Remaining statistics above are calculated on activity within the period from Sep 01, 2024 to Oct 31, 2024.

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Information deemed reliable but not guaranteed by the MLS. Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data Source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules. © 2024 IRES. Property data was last updated on 11/6/2024 at 8:20 pm