Description
Prime Investment opportunity! Check out the Denver area west and stadium master district plan to see all the exciting redevelopment opportunities for the area. There are 2 brand new apartment complexes being built within 1/4 mile of the property with even more in the planning stages with the city. The area is seeing rapid rental rate growth! The property is separated out as a 1 bed/1.5 bath, and two (2) 3 bedroom/1 bath units. From top to bottom this has been remodeled to include new landscaping, fresh paint, new flooring, new appliances, updated bathrooms and bedrooms. 2 of 3 units are currently occupied providing the option to house hack! The seller is open to execute a leaseback at market rate upon sale of the property. The seller is also open to creative financing opportunities including an assumption of current LOW RATE VA Mortgage. Loan is assumable by vets/ non-vets. The seller is also open to carrying a portion of the difference between the assumption and purchase price. Terms negotiable. Come check out this hassle free property listed at a true 6.1 cap rate and reap the benefits as the area sees massive redevelopment.
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7BEDS
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0.15ACRES
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4BATHS
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01/2 BATHS
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3,242SQFT
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$278$/SQFT
School Information
Offered by Nav Real Estate.Description
Prime Investment opportunity! Check out the Denver area west and stadium master district plan to see all the exciting redevelopment opportunities for the area. There are 2 brand new apartment complexes being built within 1/4 mile of the property with even more in the planning stages with the city. The area is seeing rapid rental rate growth! The property is separated out as a 1 bed/1.5 bath, and two (2) 3 bedroom/1 bath units. From top to bottom this has been remodeled to include new landscaping, fresh paint, new flooring, new appliances, updated bathrooms and bedrooms. 2 of 3 units are currently occupied providing the option to house hack! The seller is open to execute a leaseback at market rate upon sale of the property. The seller is also open to creative financing opportunities including an assumption of current LOW RATE VA Mortgage. Loan is assumable by vets/ non-vets. The seller is also open to carrying a portion of the difference between the assumption and purchase price. Terms negotiable. Come check out this hassle free property listed at a true 6.1 cap rate and reap the benefits as the area sees massive redevelopment.
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