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R-A/1401 South Broadway

Denver CO 80210

4
1574 sq. ft.
Duplex
Currently for sale - view listing

Overview

Attractive income property located in desirable Platt Park on S. Broadway close to exciting shops and dining. 3-unit condo with one updated studio, an updated 2 bedroom, and another 1 bedroom unit. Always rented and rising rents on turnovers. Minimal operating costs and decent infrastructure with low deferred maintenance. This is a nice cruise control investment with plenty of upside opportunity. Unit 1: New lease commences 6.30.22. Updated Studio with new cabinets, granite counters, LVP flooring and a bath. . Unit 2: leased through 2.28.23, Updated 2-bedroom, 1 bath with comparable finishes to the studio. Unit 3: leased through 9.30.22, 1 bedroom, 1 bath with new carpet. All three units deeded as one and cannot be split. Unit 2 and 3 have not escalated rents in past two years and could be increased significantly at renewal. Utilities reimbursed through the rent. Self-managed HOA $127 per month. Due diligence documents and financials uploaded in the documents section for your review.

Features

4 bedrooms
1574 sq. ft. floor area
Duplex

Happy sellers in Denver

94%
94% of sellers in Denver reported that their sale price either exceeded or met their price expectations.

Denver stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 12 reviews in Denver over the last 12 months.

Local market activity for 4 bedroom duplexes in Denver

In the last 12 months, 27 four-bedroom duplexes similar to R-A/1401 South Broadway, have been sold.

This represents a 23% decrease in four-bedroom duplexes sales when compared to the previous 12 months.

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