Denver, CO 80211
Great cash flow investment or redevelopment project. Large 7800 sq.ft. lot with side alley and back alley. Currently renting for $3435/month. Potential to go to $3845/month or more. Positive cash flow at today's rental rates of about $600/month after PITI with 20% down, 4.25% interest rate, water, and maintenance paid. Potential of $1000/month positive cash flow if rents are raised. Unit 2025 has been rented by same family for 23 years. They will be out the end of March and rents can be increased substantially. 2 3-bedroom units and 1 1-bedroom unit. Basement units don't have conforming windows. The property is zoned for 2 units but it is grandfathered in as a 3 unit. Please check with the county if you are considering building any homes on the lot. Buyer must confirm all measurements themselves. Square footage figures shown include the basements in units 2023 and 2025. 2021 is a basement unit.
Alan Larson with THE KENTWOOD COMPANY
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