4585 E Yale Ave, Denver, CO

Name: 4585 E Yale Ave, For Sale in Denver - eXp Commercial Brokerage
Brand: Madison & Company Properties
SKU: 6562880
Price: 775000 CAD

Real Estate

For Sale

$--,---,---

620

Key Facts
Description
Map

Key Facts

Type Multi Family

Levels Residential Income

Size 2052 sqft

Garage Yes

Taxes $3,688

Days Active 42

Lot Size

Approx. Age 1958

Avg. Price Per Sqft $377

MLS® Number 6562880

Property Address:

Average square foot calculated using Size range provided by listing agent.

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.Show Description

MLS® Number6562880

Laundry Level

Central VacNo

FireplaceNo

Acreage0.15

Exterior

GarageYes

Approx. Age1958

BasementPartial, Unfinished

Driveway

Garage Spaces

HeatForced Air, Hot Water

A/C

Heating Fuel

Extras

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