Active
1537 N Fairfax Street
Denver CO, 80220
$670,000
$344.30 per sqft
Active
3 Beds
2 Baths
1,946 sqft
Multi-family
Built in 1949
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.
2789120
MLSⓇ ID
May 3, 2024
Listed
May 18, 2024
Updated
Map
1537 N Fairfax Street
Denver CO, 80220
Interior Features
Total Stories
1
Bedrooms
3
Total Bathrooms
2
Interior Features
Ceiling Fan(s), In-Law Floor Plan, Jack Jill Bathroom, Jet Action Tub, Kitchen Island, Open Floorplan, Quartz Counters, Radon Mitigation System, Smoke Free
Appliances
Dishwasher, Disposal, Gas Water Heater, Microwave, Oven, Range, Range Hood, Refrigerator, Self Cleaning Oven, Tankless Water Heater
Laundry Description
In Unit
Floor Description
Carpet, Laminate, Tile
Fireplace
No
Cooling
Yes
Cooling Description
Air Conditioning-Room
Heating
Yes
Heating Description
Electric, Wall Furnace
Exterior/Building Features
Lot Size
0.04 Acres
Lot Features
Level
Architectual Style
Mid-Century Modern
Roof
Composition
Sewer
Public Sewer
School Information
School District
Denver 1
High School
East
Elementary School
Park Hill
Other Property Details
Taxes
$2,014
Tax Frequency
Annually
Garage
Yes
Garage Spaces
1
Parking
Concrete, Dry Walled
Parking Total
1
View
No
County
Denver
Water Source
Public
Pool
No
Zoning
U-TU-C
Buyer Agency Compensation
2.8%
Open House Schedule
Sat, May 25th
11:00 AM - 2:00 PM MDT
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Data last updated 11:09 PM UTC, 5/18/2024
