1537 N Fairfax Street, Denver, CO 80220

$670,000

For Sale

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For Sale

1537 N Fairfax Street, Denver, CO 80220

$670,000

Overview

Property ID: AMR31762886

Residential Income
Property Type

3
Bedrooms

2
Bathrooms

1946
Sqft

1949
Year Built

Description

Welcome to 1537 N Fairfax Street, a meticulously renovated duplex situated in the vibrant South Park Hill neighborhood, offering an outstanding investment opportunity. This property presents a compelling acquisition for savvy investors seeking a reliable income stream and excellent capital appreciation potential.

Property Highlights:

Duplex Configuration: Comprises two well-appointed units, offering flexibility and multiple income opportunities. The upper unit features two bedrooms and one bathroom, while the lower unit includes one bedroom and one bathroom, perfect for a variety of tenant demographics.
Strong Rental Projections: Anticipated monthly rental income is a robust $4,010, reflecting competitive market rates and enhancing yield prospects.
Extensive Renovations: Recently completed high-end renovations ensure low maintenance costs and appeal to high-quality tenants. Improvements include new roofing, modern furnaces, updated kitchens, contemporary flooring, and new hot water heaters.
Strategic Location: Nestled in an area known for its strong rental demand, 1537 N Fairfax offers proximity to downtown Denver, local parks, and essential amenities, boosting tenant appeal.
Investment Ready: The property comes with a U-TU-C zoning classification, supporting residential income potential and ensuring a straightforward ownership experience.
Additional Features: Each unit includes access to shared outdoor spaces and private entries, enhancing livability and tenant satisfaction.
Investment Benefits:

High Tenant Demand: Located in a high-demand rental area with a Walk Score of 79, ensuring ongoing occupancy and minimizing vacancy risks.
Turnkey Operation: As a fully renovated property, investors can start generating income immediately without initial capital outlays for repairs or upgrades.
Market Positioning: Priced competitively to align with market valuations, providing an attractive price-point for long-term investment.