3350 W 64th Ave 1 Denver CO 80221

Description

Investor's dream (or a savvy owner occupant that takes advantage of low down payment for owner occupied triplex) ! Rare opportunity for a triplex in a hot area, just a mile from light rail. Lots of new upscale homes and apartments have been built nearby. Quick access to bus, light rail and Hwy 76. Consists of a charming original stucco 2 bed 1 bath home built in 1918 with large detached garage, plus additional 2 units on a new addition, built above a 2 car garage with a 1 bed 1 bath unit on main floor and a 3 bed 1 bath unit above. Properties have been rented to the same renters for many, many years...rents are below market. County has property valued at at $850k., listed for $150k below county appraisal for as-is sale. Full appraisal in 2020 (before prices skyrocketed) for $720k. Tons of upside...remodel and raise rents or keep as-is with affordable rents and tons of demand. Current renters would love to stay, but have been given notice to vacate and are mo to mo. Lots of maintenance and updating needing (last remodel was over ten years ago)-- sold as-is and priced accordingly. There are no showings of the inside without loan pre-approval or proof of funds and a serios letter of intent (we don't want to bother tenants unless you are ready to contract).