The property is located in a great location very close to the Light Rail and Lakewood Gulch Trail with easy access to Federal Blvd. There are a total of 3 structures on the parcel: â€¢ Duplex: 1bed/1bath on the top floor with a 3bed/1bath on the main floor (potential for a third unit) â€¢ Carriage house: large two-story 1bed/1bath â€¢ 2 car garage There is an immense value add opportunity with this deal and multiple ways to do it. You could simply freshen up the main house and raise rents up to where they should be. There is also development potential since it is a spacious lot on the corner that overlooks the city and mountains. The basement already has itâ€™s own entrance and plenty of space but someone would have to put in a bathroom and kitchen. Regardless, a new owner could expect to generate a 6.4% cap rate easily after the first 12 months of ownership.
- SubdivisionVilla Park
- Year Built1926
- Floor Coverings
- DistrictDenver 1
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