1701 E Iliff Avenue, Denver, CO 80210
Local realty services provided by:ERA Teamwork Realty
Listed by:benjamin swan303-818-6236
Office:live west realty
MLS#:2370312
Source:ML
Price summary
- Price:$825,000
- Price per sq. ft.:$370.95
About this home
Fantastic investment opportunity in the heart of DU! This up/down duplex offers two spacious units with identical floor plans, each with in-unit laundry. The main-level unit is vacant and recently remodeled with refinished hardwoods, quartz counters, new fixtures, and an upgraded bath. It previously rented for $2,400/month and is ready for a new tenant or owner-occupant. The upper-level unit is leased through May at $1,980/month, well below market due to a long-term tenant, creating strong upside potential. The property has a strong rental history, with consistent occupancy and steady cash flow. Major updates include roof, furnaces, water heaters, A/C, fencing, xeriscaping, driveway/concrete, and garage door mechanisms. A fenced yard with mature trees, detached two-car garage, and off-street parking complete the property. Live in one unit and rent the other, or hold as a long-term rental with excellent growth potential. Current cap 4.9%; projected cap 5.8% at market rents.
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Home facts
- Year built:1955
- Listing ID #:2370312
Rooms and interior
- Bedrooms:6
- Total bathrooms:4
- Living area:2,224 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Forced Air, Natural Gas
Structure and exterior
- Roof:Composition
- Year built:1955
- Building area:2,224 sq. ft.
- Lot area:0.15 Acres
Schools
- High school:South
- Middle school:Grant
- Elementary school:Asbury
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$825,000
- Price per sq. ft.:$370.95
- Tax amount:$5,599 (2024)
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