4585 E Yale Ave, Denver, CO 80222

• 6 beds |
• 2 baths |
• 2,052 sqft

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.

Listing Status:

Active

Listing Office:

Madison & Company Properties : Angela@AngelaFoxSellsDenver.com,303-246-6629

Listing Agent:

Angela Fox : 303-246-6629

MLS ID:

6562880

Interior

• Basement: PartialUnfinished
• Heating: Forced AirHot Water
• Disability Feature: Level Lot

Exterior

• Other Structures: Deck
• Parking: Parking spaces: 2

Construction

• Roofing: Composition
• General: BrickOne

Location

• Originating MLS: ires
• School District: Denver District 1
• County: Denver

Lot

• Zoning: S-MU-5

Utilities

• Utilities: Electricity AvailableMaster Meter-ElectricMaster Meter-Gas
• Sewer: Public Sewer

Financial

• Source: ires
• Exclusions: Tenants' property

This listing courtesy of Angela Fox, Madison & Company Properties