$785,000
For Sale

4585/4587 E Yale Avenue

Denver, CO 80222
2257 sqft | 0.15 acres | #6562880
Listing OfficeMadison & Company Properties
Browse 15 photos
Type:Multi-Family
Structure:2 Family
Zone:Residential

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 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 Details
      • SubdivisionHutchinsons University Place
      • Utility FeaturesElectricity Available
      • BasementPartial, Unfinished
      • High SchoolThomas Jefferson
      • Elementary SchoolUniversity Park
      • Property TypeMulti-Family
      • Sewer InformationPublic Sewer
      • School DistrictDenver 1
      • Original List Price$785,000
      • Middle SchoolMerrill
      • MLS #6562880
      • MLS #6562880
      • CountyDenver
      • Taxes Annual$3,688
      • Cost785000
      • Property SubtypeDuplex
      • Structure TypeDuplex
      • Lot DescriptionLevel
      • Acres0.15
      • Square Feet2257
      • Year Built1958
      • Parking Spaces1

Location

Northern Colorado Real EstateReal Estate Group
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Interest Rate

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6.0%

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