4585/4587 E Yale AVE Denver, CO 80222
6 Beds
2 Baths
2,052 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,052 sqft
Price per Sqft $365
Subdivision Hutchinsons University Place
MLS Listing ID 5112535
Style Traditional
Bedrooms 6
HOA Y/N No
Year Built 1958
Lot Size 6,600 Sqft
Acres 0.15
Property Sub-Type Duplex
Property Description
Denver DU, this updated duplex is a great investment! Perfect for Student housing and roommates or professor. Each side
has 3 beds, 1 bath, and 1,026 square feet, and what makes this property even more versatile is a basement bonus room
with outside access (owner unit only)to utilize as a home office, storage space, workout space. The primary "owner-unit"
unit has been updated (photos shown). The "tenant-unit" is in rental condition w/ long-term renter on a mo-to-mo lease.
This duplex has it all, boasting 6 beds, 2 baths, and a total of 2,257 square feet. W/D hookups in both units. Enjoy city
living with the convenience of a single-car garage offering ample storage space. "Owner Unit" has a 1 car garage and
"tenant unit" has a carport. Don't miss the opportunity to make this exceptional investment yours today! Owner has a
second exact duplex unit available (minus one side updated for "owner" that is fully rented) if you are interested in completing your rental portfolio with a 4-plex. Ask listing agent for more details. ********************************** The multi-unit rental property strategy: With rent prices soaring, now would be a great time to become a real estate investor — if it weren't for all the upfront cash needed to buy an investment property. BUT WAIT......there's a way around this hurdle: You could buy a multifamily property, move into one of the units, and earn passive income by collecting rent on the other units. By living in one of the units, you'd be meeting the owner-occupancy rule for your mortgage. That means getting a lower mortgage rate compared to a loan for commercial properties. This strategy won't finance an entire apartment complex or a mixed-use development. It will,
however, work for a 2-, 3-, or 4-unit property.
Location
State CO
County Denver
Zoning S-MU-5
Rooms
Basement Partial, Unfinished
Interior
Heating Forced Air, Hot Water
Cooling None
Flooring Carpet, Linoleum, Wood
Laundry In Unit
Exterior
Garage Spaces 1.0
Carport Spaces 1
Utilities Available Electricity Available
Waterfront Description Public
Roof Type Composition
Porch Deck
Private Pool No
Building
Lot Description Level
Story One
Sewer Public Sewer
Water Public
Architectural Style Traditional
Schools
School District Elementary: Denver 1, Middle/Junior: Denver 1, High: Denver 1
Others
Senior Community No
Tax ID 6303-16-012
Special Listing Condition None Known
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA