$625,000
$650,000
3.8%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
2 Baths
1,798 SqFt
SOLD DATE : 09/07/2023
Key Details
Sold Price $625,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,798 sqft
Price per Sqft $347
Subdivision North Park Hill
MLS Listing ID 4434021
Sold Date 09/07/23
Style Traditional
Bedrooms 4
HOA Y/N No
Originating Board recolorado
Year Built 1953
Annual Tax Amount $2,001
Tax Year 2022
Lot Size 6,098 Sqft
Acres 0.14
Property Description
Welcome to the incredible investment opportunity in the highly sought-after North Park Hill neighborhood! Live in one sideand rent the other, or rent both sides. Presenting the exceptional duplex located at 3441-3447 Garfield, this property notonly offers a desirable location and potential for updates but also serves as a fantastic rental property. Both sides of thisduplex currently command rents of $2,200 per unit, demonstrating the strong income-generating potential it holds. With acap rate of 7.3%, this investment showcases an attractive return on investment, making it a highly lucrative choice forsavvy investors seeking stable rental income. Deals like this don't come around very often, and this property presents arare chance to secure a profitable rental in a desirable neighborhood. The demand for rentals in this area remainsconsistently high, making it an excellent opportunity to capitalize on the growing rental market. Investors looking todiversify their portfolio or aspiring landlords seeking to maximize their returns will find this duplex to be an exceptionaladdition. With solid rental income and the potential for future value appreciation, this property combines immediate cashflow with long-term investment potential. Act now to secure this outstanding rental property and enjoy the benefits ofpassive income and potential equity growth. Opportunities like this are rare, so don't miss out on this chance to secure asolid investment in North Park Hill.
Location
State CO
County Denver
Zoning U-TU-C
Interior
Interior Features Eat-in Kitchen, No Stairs
Heating Forced Air
Cooling None
Flooring Wood
Fireplace N
Appliance Dryer, Gas Water Heater, Range
Laundry In Unit
Exterior
Fence Full
Utilities Available Cable Available, Electricity Connected, Natural Gas Connected
Roof Type Composition
Total Parking Spaces 2
Garage No
Building
Lot Description Level
Story One
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Brick
Schools
Elementary Schools Harrington
Middle Schools Whittier E-8
High Schools Manual
School District Denver 1
Others
Senior Community No
Ownership Individual
Acceptable Financing 1031 Exchange, Cash, Conventional, FHA, VA Loan
Listing Terms 1031 Exchange, Cash, Conventional, FHA, VA Loan
Special Listing Condition None
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