$650,000 Price Analysis    ♡   Denver, CO 80205 4 bed 2 bath 1,798 SqFt ($361/SqFt) 6,250SqFt lot. Built 1953 Listed 2024-03-20 | Ⓧ USDA Ineligible due to location near Denver |
Welcome to the incredible investment opportunity in the highly sought-after North Park Hill neighborhood!
* No Longer For Sale *
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Live in one sideand rent the other or rent both sides. Presenting the exceptional duplex located t 3441-3447 Garfield, this property notonly offers a desirable location and potential for updates but also serves as a fantastic rental property. Both sides of thisduplex currently command rents of $2, 200 per unit, demonstrating the strong income-generating potential it holds. With acap rate of 7.3%, this investment showcases an attractive return on investment, m aking it a highly lucrative choice forsavvy investors seeking stable rental income. Deals like this don't come around often and this property presents arare chance to secure a profitable rental in a desirable neighborhood.
The demand for rentals in this area remainsconsistently high, making it an excellent opportunity to capitalize on the growing rental market. Investors looking todiversify their portfolio or aspiring landlords seeking to maximize their returns will find this duplex to be an exceptionaladdition. With solid rental income and the potential for future value appreciation, this property combines immediate cashflow with long-term investment potential. Act now to secure this outstanding rental property and enjoy the benefits ofpassive income and potential equity growth. Opportunities like this are rare, so don't miss out on this chance to secure asolid investment in North Park Hill.
Presented by Brent Hilvitz at
REDESIGNED REALTY.
Property MLS #4434021 from REcolorado
Full Bathrooms: 2
No Stairs
Flooring: Wood
Gas Water Heater
Range
Laundry Features: In Unit
Patio And Porch Features: Covered, Patio
Lot Size Acres: 0.1434803
Lot Size Square Feet: 6250
Parking Features: Off-Street
Parking Total: 2
Elementary School District: Denver 1
High School: Manual
High School District: Denver 1
Middle School: Whittier E-8
Middle or Junior School District: Denver 1
Map directions Map directions Map directionsCounty: Denver
Source Property Type: Residential Income
Source Neighborhood: North Park Hill
Subdivision: North Park Hill
Zoning: U-TU-C
Property Subtype: Duplex
Source System Name: C2C
$0
REcolorado
Listed 2024-04-17
$1,100,000
REcolorado
Sold 2023-09-07
$625,000
REcolorado
Year Built: 1953
Above Grade Finished Area: 1798
Common Walls: No One Above, No One Below, 1 Common Wall
Construction Materials: Brick
Levels: One
Property Age: 71
Roof: Composition
Structure Type: Duplex
Architectural Style: Traditional
Water Source: Public
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.