Denver, CO 80207
Great little turn key investment! 6.5% cap rate on current numbers with definite room to increase rents. Or live in one unit for free while the other three pay your mortgage! This building has newer gutters, roof, windows, furnaces, etc. All units are individually metered. Big open basement area that could be turned into individual storage and a laundry room for extra income. Washer and dryer hookups already down there. Giant fenced lot with off street parking. Or do you do a party wall split and sell them individually? No entry level product in Central Denver right now! Lots of options here. Four units, so it will go Fannie or Freddie or even FHA! Great stable area near the new light rail line and located on a bus route.
Matt Moon with SYNERGY ASSOCIATES INC
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