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Archived almost 2 years ago

$799,000

4 bd 2 ba 2162 sqft

1431 Zenobia St, Denver, CO 80204

Residential Duplex Occupied

Current Rent **

$3,700

Projected Rent **

$4,300

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Unit 1 Details
  • Current Rent: $2,050
  • Bedroom: 2 bd
  • Bathroom: 1 ba
  • Square Footage: 1081 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: No
Unit 2 Details
  • Current Rent: $1,650
  • Bedroom: 2 bd
  • Bathroom: 1 ba
  • Square Footage: 1081 sqft
  • Occupied: No
  • Needs Repairs: No
  • Off MLS: No

Duplex or SFH in West Colfax / Sloans Lake

This is a perfect opportunity for the househacker, multi-generational family, AirBnBer, or developer. Currently operated as a cashflowing duplex this property can be delivered with an A+ tenant in the top unit that would like to stay, or with both units vacant. This property is close to everything in the West Colfax, Sloan's Lake, and Edgewater neighborhoods which have seen significant ongoing development that continues today. Zoning is G-RH-3. Official property type is Residential-Duplex. Lot is 6250 sq ft. Total finished square footage of the home is 2162 sq ft. The main floor features welcoming front porch, 2 bedrooms with original hardwood floors, coved ceilings, one full bathroom, and an updated kitchen with granite countertops, stainless steel appliances, gas range, and open shelving. The garden unit features 2 more bedrooms, a full bath, full kitchen, and large living area that has acted in the past as a large 5th bedroom. The large utility room with additional storage room is also on the garden level. There is a huge driveway with a detached 2 car garage and an additional two off-street parking spaces behind the garage. Capital improvements since 2019 include new roof on main house and garage, new AC, new fence, and new main sewer line. Cut your mortgage in half by renting out one of the units long or short term, continue operating as a duplex with property management already in place, or convert to single family home with front and backyard in one of Denver's hottest neighborhoods. Most listings in this area are for 2-3 bed attached townhomes with no backyard and 1 garage space. Owner/Seller holds a real estate license in the state of Colorado. Property is off-market. Do not disturb tenants. Drive by only. Text Mike - 805-886-0098.

More photos here - https://drive.google.com/drive/folders/134fO9L0fIEXEiV3uEkT0fzVKbZD_28Oj?usp=sharing

Thanks!

Location:

1431 Zenobia St, Denver, CO 80204

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.