Denver, CO 80204
Fully occupied, profitable, turnkey duplex comprised of 1055 and 1057 Raleigh Street. Both units have identical layouts, consisting of 1,768 square feet on two levels. Upper levels contain a living room, kitchen, 2 bedrooms & 2 bathrooms; lower levels (garden levels) contain a large family room, laundry room, 2 bedrooms & 2 bathrooms. That's 8 bedrooms & 4 bathrooms total. New carpet & paint in one unit. Off-street parking for four cars. Fenced yard. Sides to Dry Gulch Park & Lakewood Greenbelt system and trails. Great views of downtown Denver. Easy walking distance to Perry light rail station & bus stop. Roof is 7 years old. Furnaces 2 1/2 years old. Water heaters 5 years old. Both units currently rented to long term tenants at $1,850 and $1,410 and prefer to stay. Annual expenses around $6,000 including trash, sewer, taxes, insurance and the usual minor repairs. Combined $3,260 monthly income rental with room for increase. Current cap rate is 9.6%.
Hamilton Cowie with Brokers Guild Classic
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