6 bed, 4200 sqft, $500,000

This multi-unit is located in a great location in Congress Park. Situated between Cherry Creek Shopping area and the newly renovated area of Colfax it's the trendy place to be. Outdoor cafes, chic retail stores and the world renowned Tattered Cover Bookstore line the streets within walking distance. This 1940???s building has 2 units with 2 bedrooms/1bath and 2 units with 1 bedroom/1bath. Same tenants in 2 units for 5+ years. Definitely lowers vacancy percentages. The lower units have been completely renovated and currently rented as vacation rentals with a high rate of return. Calculate rates on all units long term market rents and it will produce a very good cap rate. Great investment potential because of the location. Units metered separately which makes an easy condo conversion. Oppor ...(show more) tunity for larger multi-unit if you scrape or live in 1 unit and rent out the other 3. 4-units can be financed as residential. This property is agent owned. Seller financing may be available up to 15%. Listing Agent: Cathy Busby