4585/4587 E Yale Avenue, Denver, CO 80222
Local realty services provided by:CENTURY 21 Community First
4585/4587 E Yale Avenue,Denver, CO 80222
$750,000
- 6 Beds
- 2 Baths
- 2,257 sq. ft.
- Multi-family
- Active
Listed by: angela fox
Office: madison & company properties
MLS#:5112535
Source:ML
Price summary
- Price:$750,000
- Price per sq. ft.:$332.3
About this home
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 (minus one side updated for "owner" that is fully rented) 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....
Contact an agent
Home facts
- Year built:1958
- Subdivision & Development:Hutchinsons University Place
- Listing ID #:5112535
Rooms and interior
- Bedrooms:6
- Total bathrooms:2
- Flooring:Carpet, Linoleum, Wood
- Basement:Yes
- Basement Description:Partial, Unfinished
- Living area:2,257 sq. ft.
Heating and cooling
- Heating:Forced Air, Hot Water
Structure and exterior
- Roof:Composition
- Year built:1958
- Building area:2,257 sq. ft.
- Lot area:0.15 Acres
- Lot Features:Level
- Architectural Style:Traditional
- Construction Materials:Brick
- Exterior Features:Deck
- Levels:1 Story
Schools
- High school:Thomas Jefferson
- Middle school:Merrill
- Elementary school:University Park
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$750,000
- Price per sq. ft.:$332.3
- Tax amount:$3,688 (2024)
Features and amenities
- Laundry features:In Unit
Parking
- Total parking spaces:2
- Parking description:1 Carport Space(s)
- Garage:Yes
- Garage spaces:1
- Carport spaces:1
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