Local realty services provided by:Better Homes and Gardens Real Estate Kenney & Company
Listed by: allen walshallen@houseofwalsh.com,303-601-2222
Office: real broker, llc. dba real
MLS#:7155437
Source:ML
Price summary
- Price:$675,000
- Price per sq. ft.:$215.38
About this home
• 10-bed duplex
• Two 5-bed units
• Fully leased
• In-place income with upside
• Suitable for DSCR or 1031 strategies
Income-producing Denver duplex with two oversized 5-bedroom units (10 bedrooms total) and approx. 3,134 sq ft of total living area. Both units are now leased, providing immediate stabilized income. One unit is leased at $3,000/month with documented payment history. The second unit is leased to a non–Section 8 tenant at $2,095/month, with lease commencement February 6.
Seller-provided pro forma reflects current in-place rents totaling $5,095/month ($61,140 annually), representing an estimated 9.06% gross cap rate at a $675,000 purchase price. A full stabilization scenario based on updated Housing Authority payment standards supports total rents of $8,630/month ($103,560 annually), or an estimated 15.34% gross cap rate.
Buyer to independently verify all income, rent projections, and operating assumptions. 2025 property taxes are approximately $1,975.28. Seller reports a recent total monthly payment (PITI) of approximately $3,782.96; buyer financing, terms, and expenses will vary.
Zoning is E-TU-B (Urban Edge), offering flexibility for long-term hold or alternative income strategies, subject to buyer verification of use. Property is positioned in an established rental corridor with access to major employment centers, transit routes, and central Denver amenities. Suitable for investors seeking current cash flow with documented upside potential.
NEARBY AMENITIES
• ~0.6 mi to National Western Complex
• ~1.2 mi to RiNo Art District
• ~1.5 mi to Mission Ballroom
• ~1.8 mi to Downtown Denver
• Quick access to I-70 and I-25 corridors
Contact an agent
Home facts
- Year built:2000
- Listing ID #:7155437
Rooms and interior
- Bedrooms:5
- Total bathrooms:2
- Living area:3,134 sq. ft.
Heating and cooling
- Heating:Forced Air
Structure and exterior
- Roof:Composition
- Year built:2000
- Building area:3,134 sq. ft.
- Lot area:0.14 Acres
Schools
- High school:Manual
- Middle school:Bruce Randolph
- Elementary school:Swansea
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$675,000
- Price per sq. ft.:$215.38
- Tax amount:$1,975 (2024)
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