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$910,000

Address Hidden

6 Beds
3 Baths
2,700 Square Feet
Property has a solid 6.5% cap rate and is in a prime location! Complex has had extensive remodeling done within the last few years making it easy to find tenants. Unique unit mix with a 3 bedroom, 2 bedroom and 1 bedroom. Three bedroom and two bedroom have been rented to long term tenants while the 1 bedroom is renting through air BNB as a furnished unit. This location has a lot going for it including the Perry light rail station, playground, trails, basketball court and even a frisbee golf course right in it's backyard! Development is happening across the street as this makes for a great asset now and into the future. Would make for a great house hack where the buyer could live in the 1 bedroom or the 3 bedroom when tenants lease ends in April. Unit 1 is outfitted with a mini split providing heating and cooling while saving you energy costs. The other units share a furnace and utilize one thermostat. The one bed was averaging closer to $2,500 a month before we switched over month plus length due to Denver rules; if house hacked you could rent it as you want. We currently own the property neighboring to the North of this one if someone was interested in purchasing both.
Offered By
Nick Donato donatopropertymgmt@gmail.com, Nick Donato

Property Details

Property Type Residential Income
Status Active
Bedrooms 6
Property Sub Type Income Property
Square Feet 2,700
MLS # 9078375

Market Trends

New Properties On Market
4,247
177% Increase In New Listings
Average Asking Price
$757,474
$96,116 Increase In Avg Asking Price
Average Asking Price / Sq. Ft.
$307
$27 Increase In List Price/Sq. Ft.
Average Days On Market
22
25 Day Decrease In Days On Market
Data as of Feb 25, 2025. Remaining statistics above are calculated on activity within the period from Dec 01, 2024 to Jan 31, 2025.

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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. © 2025 IRES. Property data was last updated on 2/3/2025 at 6:35 pm