Description
Property has a solid 6.3% 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.
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6BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
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2,700SQFT
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$344$/SQFT
School Information
Offered by Nick Donato.Description
Property has a solid 6.3% 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.
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