Denver neighborhoods on the East Colfax stretch
Looking at buying a SFR in Denver to use as a house hack, renting out bedrooms to cover the mortgage. Have looked in several areas but was curious as to opinions on the neighborhoods surrounding the East Colfax corridor, specifically East of about Monaco.
Specifically I am looking at a property South of Anschultz Medical Campus, just South of Colfax and West of 225, and was interested in hearing opinions, not just on this neighborhood but everything in between.
Anyone have a place near here and rent? I'd imagine getting medical staff/students is fairly easy as you get in close proximity to the campus, but I also know that some of these neighborhoods bring mixed opinions. Would love to have a discussion on this area.
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@Craig Curelop is correct about Denver, but the area you are talking about is mostly Aurora, so there are no restrictions. I also rent-by-the-room in a couple of my houses in Denver and have not had any problems, even with my neighbors who reported my shed to the city.
I have a duplex and a SFR rental in the area of Aurora you are talking about. The SFR is a 6 bedroom house with 2 kitchens, 2 bath that is rented-by-the-room for $450/month/room. The price includes utilities. This home is geared towards a specific demographic: the 40-65 year-old single men who work jobs like service industry and construction. The home is not in the best shape, but the guys that live there seem pretty happy and only call if something stops working that they can't fix themselves. There is one guy that acts as property manager of a sort.
I've also thought about getting another home in the area that is directed at the medical crowd, but it would need to be nicer quality. My duplex is rented to a single young man and a young family. There was a bedbug issue earlier this year because the duplex next door is filled with Somalian refugees that apparently don't bathe (according to the tenants).
In my opinion, the neighborhood is still rough, yes. But it is right between the medical campus, Park Hill, the slowly revitalized Colfax, and the Stanley marketplace/Stapleton. I would live there and I continue to look for good rentals in the area. There is good access to restaurants, gym, grocery, and vet with Stapleton next door (that's more than I can say of Cole, where I currently live). I do make sure to buy as close to Monteview or north of there as possible.