4585 E Yale Denver, CO 80222
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,257 sqft
Subdivision Hutchinsons University Place
MLS Listing ID IRE5112535
Bedrooms 6
HOA Y/N No
Year Built 1958
Annual Tax Amount $3,688
Tax Year 2024
Lot Size 6,534 Sqft
Acres 0.15
Property Sub-Type Duplex
Source ires
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
Community Hutchinsons University Place
Area Metro Denver
Zoning S-MU-5
Rooms
Basement Partial, Unfinished
Interior
Heating Forced Air, Hot Water
Exterior
Parking Features Detached
Garage Spaces 1.0
Utilities Available Electricity Available, Master Meter-Electric, Master Meter-Gas
View Y/N No
Roof Type Composition
Porch Deck
Garage Yes
Building
Lot Description Level
Sewer Public Sewer
Water City
Level or Stories One
Structure Type Brick
New Construction false
Schools
Elementary Schools University Park
Middle Schools Merrill
High Schools Denver District 1
School District Denver District 1
Others
Acceptable Financing Cash, Conventional, FHA, VA, 1031 Exchange
Listing Terms Cash, Conventional, FHA, VA, 1031 Exchange
NEARBY SCHOOL & BUSINESS
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