$704,000
$719,900
2.2%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
2 Baths
800 SqFt
SOLD DATE : 03/22/2024
Key Details
Sold Price $704,000
Property Type Single Family Home
Sub Type Income Property
Listing Status Sold
Purchase Type For Sale
Square Footage 800 sqft
Subdivision Ne Park Hill
MLS Listing ID 3009520
Sold Date 03/22/24
Style Ranch
Bedrooms 4
HOA Y/N false
Abv Grd Liv Area 1,600
Originating Board REcolorado
Year Built 1941
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
Area Metro Denver
Rooms
Basement Full
Interior
Heating Forced Air
Cooling Central Air
Appliance Dishwasher, Refrigerator, Disposal
Exterior
Garage Spaces 2.0
Fence Fenced
Waterfront false
Roof Type Composition
Porch Patio
Building
Story 1
Sewer City Sewer, Public Sewer
Level or Stories One
Structure Type Brick/Brick Veneer
New Construction false
Schools
Elementary Schools Stedman
Middle Schools Dsst: Conservatory Green
High Schools East
School District Denver 1
Others
Senior Community false
Special Listing Condition Other Owner
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