$670,000
Denver, CO 80220
- 0.04 Acres
- Denver County
- 3 Beds
- 2 Baths
Key Features
- Property Type: Residential Income
- Status: Active
- MLS® ID: 2789120
- Year Built: 1949
- Lot/Acreage: 0.04
- County: Denver
- Neighborhood: South Park Hill
Interior Details
- Bedrooms: 3
- Bathrooms: 2
- Appliances: Self Cleaning Oven, Dishwasher, Refrigerator, Microwave, Disposal
- Cooling: Room Air Conditioner, Ceiling Fan(s)
- Heating: Wall Furnace
- Basement: Full, 90%+ Finished Basement, Walk-Out Access, Structural Floor, Built-In Radon
- Water: City Water
Exterior Details
- Garage: 1
- Zoning: U-TU-C
- Roof: Composition
- Sewer: City Sewer, Public Sewer
- Virtual Tour Link: View Tour #1
Description
Welcome to 1537 N Fairfax Street, a meticulously renovated duplex situated in the vibrant South Park Hill neighborhood, offering an outstanding investment opportunity. This property presents a compelling acquisition for savvy investors seeking a reliable income stream and excellent capital appreciation potential.
Property Highlights:
Duplex Configuration: Comprises two well-appointed units, offering flexibility and multiple income opportunities. The upper unit features two bedrooms and one bathroom, while the lower unit includes one bedroom and one bathroom, perfect for a variety of tenant demographics.
Strong Rental Projections: Anticipated monthly rental income is a robust $4,010, reflecting competitive market rates and enhancing yield prospects.
Extensive Renovations: Recently completed high-end renovations ensure low maintenance costs and appeal to high-quality tenants. Improvements include new roofing, modern furnaces, updated kitchens, contemporary flooring, and new hot water heaters.
Strategic Location: Nestled in an area known for its strong rental demand, 1537 N Fairfax offers proximity to downtown Denver, local parks, and essential amenities, boosting tenant appeal.
Investment Ready: The property comes with a U-TU-C zoning classification, supporting residential income potential and ensuring a straightforward ownership experience.
Additional Features: Each unit includes access to shared outdoor spaces and private entries, enhancing livability and tenant satisfaction.
Investment Benefits:
High Tenant Demand: Located in a high-demand rental area with a Walk Score of 79, ensuring ongoing occupancy and minimizing vacancy risks.
Turnkey Operation: As a fully renovated property, investors can start generating income immediately without initial capital outlays for repairs or upgrades.
Market Positioning: Priced competitively to align with market valuations, providing an attractive price-point for long-term investment.
Location
- Address: 1537 N Fairfax St Denver CO 80220
- City: Denver
- State: CO
- Zip: 80220
Google Maps or Waze work well to get there, but please make sure that it is 1537 Fairfax on Waze and NOT 1537 S Fairfax. From Colorado and Colfax: Head north on Colorado Blvd toward E 17th. Drive for 0.2 miles. Turn right onto E 17th Ave Pkwy. Continue for 0.6 miles. Turn right onto Fairfax St. 1537 N Fairfax Street will be on the right. This is the unit that is in the center, facing the street.
©2024 Information and Real Estate Services, LLC (IRES) - Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, Information and Real Estate Services, LLC (IRES)
Listing # Courtesy of James Hund of eXp Realty, LLC. Last Updated: May 25, 2024.
Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Information is deemed reliable but is not guaranteed.
