4585 E Yale Ave new Save Request In-Person Tour Request Virtual Tour
Denver,CO 80222
Key Details
Property Type Single Family Home
Sub Type Income Property
Listing Status Active
Purchase Type For Sale
Square Footage 2,052 sqft
Price per Sqft $382
Subdivision Hutchinsons University Place
MLS Listing ID 6562880
Style Ranch
Bedrooms 3
Year Built 1958
Annual Tax Amount $3,688
Lot Size 6,534 Sqft
Property Sub-Type Income Property
Property 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.
Location
State CO
County Denver
Area Metro Denver
Zoning S-MU-5
Interior
Heating Forced Air,Hot Water
Exterior
Garage Spaces 1.0
Utilities Available Electricity Available
Roof Type Composition
Building
Lot Description Level
Story 1
Sewer City Sewer,Public Sewer
Structure Type Brick/Brick Veneer
New Construction false
Schools
Elementary Schools University Park
Middle Schools Merrill
High Schools Thomas Jefferson
School District Denver 1