3243 Kearney StDenver, CO 80207

Description

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.

Property Information

Property type

Residential Income

Year built

1955

Living area

7,545 Sq Ft

Garage spaces

5

Parking spaces

5

Zoning

E-SU-DX

Days on market

76

MLS^® Listing#

7898418

Property Features

Appliances

Dishwasher · Refrigerator · Washer · Dryer · Microwave · Disposal

Cooling

Central Air

Heating

Forced Air

Basement

Full · Partially Finished

Parking

Off Street

Laundry

Common Area

Lot features

Level

Construction

Frame · Block

Roof

Composition

Other structures

Outbuilding

Sewer

Public Sewer

Schools

Elementary

Smith Renaissance

Middle

McAuliffe International

High

East

Financial Details

HOA

None

Annual taxes

$6,285Tax year 2025