3243 Kearney, Denver, CO 80207
Local realty services provided by:Better Homes and Gardens Real Estate Kenney & Company
3243 Kearney,Denver, CO 80207
$1,295,000
- 10 Beds
- 5 Baths
- 7,545 sq. ft.
- Multi-family
- Active
Listed by: katherine mccaslin
Office: serhant colorado llc.
MLS#:7898418
Source:ML
Price summary
- Price:$1,295,000
- Price per sq. ft.:$171.64
About this home
VA Assumable loan at 3.75% Ask Agents for Information! Turnkey fourplex in Northeast Park Hill offering a compelling opportunity for investors and owner-occupants alike. The property currently generates $8,445/month in gross scheduled rental income, sitting at a 5.12% cap rate and all four units thoughtfully updated and maintained. The unit mix includes two 3-bedroom units and two 2-bedroom units, providing strong rental versatility and broad tenant appeal. One unit will be delivered vacant at closing, creating an immediate opportunity for an owner-occupant to live on-site while benefiting from income from the remaining units, or for an investor to reposition the unit at market rent.
Significant improvements have been completed throughout 2024–2026, including new windows, interior doors, paint, blinds, LED lighting, appliances, electrical breakers, central air conditioning, exterior paint and siding, professional landscaping, a new paver patio, and updated safety features. Additional unit-specific improvements include restored hardwood flooring, a professionally remodeled bathroom, and a remodeled kitchen.
The oversized detached 2-car garage offers an additional value-add opportunity, with approximately 676 SF already framed for a potential ADU/fifth unit and electrical wiring pulled through the existing framing. Buyer to verify zoning, permitting, feasibility, and all development requirements with the City and County of Denver. The property also offers at least five off-street parking spaces.
Residents are separately metered for gas and electric, while water, sewer, and trash are billed back to the units at a 25% share each. With strong existing rental income, extensive recent renovations, multiple off-street parking spaces, potential ADU upside, and the flexibility to occupy one unit, this property offers a rare combination of immediate cash-flow potential and future value-add opportunity in Northeast Park Hill....
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Home facts
- Year built:1955
- Subdivision & Development:Northeast Park Hill
- Listing ID #:7898418
Rooms and interior
- Bedrooms:10
- Total bathrooms:5
- Flooring:Wood
- Kitchen Description:Cooktop, Dishwasher, Disposal, Microwave, Refrigerator
- Basement Description:Bath/Stubbed, Finished, Full
- Living area:7,545 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Forced Air
Structure and exterior
- Roof:Composition
- Year built:1955
- Building area:7,545 sq. ft.
- Lot Features:Level
- Construction Materials:Block, Frame
- Levels:2 Story
Schools
- High school:East
- Middle school:McAuliffe International
- Elementary school:Smith Renaissance
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,295,000
- Price per sq. ft.:$171.64
- Tax amount:$6,285
Features and amenities
- Laundry features:Common Area, Dryer, In Unit, Washer
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