4585 E Yale AveDenver, CO 80222

Description

House Hack Opportunity! Multi-unit investor special! Centrally located blocks from Yale Street Station and the University of 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.

Property Information

Property type

Residential Income

Sub-type

Duplex

Structure type

Duplex

Year built

1958

Living area

2,052 Sq Ft

Lot size

0.15 acres

Garage spaces

1

Parking spaces

2

Zoning

S-MU-5

Days on market

219

MLS^® Listing#

5112535

Property Features

Heating

Forced Air · Hot Water

Basement

Partial · Unfinished

Parking

Detached

Patio

Deck

Lot features

Level

Construction

Brick

Roof

Composition

Utilities

Electricity Available

Sewer

Public Sewer

Water source

Public

Schools

Elementary

University Park

Middle

Merrill

High

Thomas Jefferson

Financial Details

HOA

None

Annual taxes

$3,688Tax year 2024