$670,000
Active
16 Days Online
3 Beds2 Baths1,946 SQFT
Active

1537 N Fairfax St Denver, CO 80220

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  • Sat, May 25: 5pm-8pm
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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.

  • Property TypeMulti-Family
  • NeighborhoodSouth Park Hill
  • CountyDenver
  • Taxes$2,014
  • HOA/Condo/Coop Fees$0
  • Days on Site15 Days
  • MLS StatusActive
  • MLS ID Number2789120
  • Home Size Source Assessor
  • Year Built1949
  • Lot Size0.04 Acres
  • Full BathsN/A
  • Partial BathsN/A

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General Features

  • Style Contemporary/ ModernRanchContemporary/Modern
  • Construction ConcreteBrick/Brick Veneer
  • Sewer Public Sewer
  • Basement Full90%+ Finished BasementWalk- Out AccessStructural FloorBuilt- In Radon
  • Number of Stories 1
  • Acreage 0.04
  • Property Sub Type Multi Family
  • Garage Spaces 1
  • Attached Garage No
  • Utilities Natural Gas AvailableElectricity Available
  • Zoning U-TU-C
  • Direction Faces East
  • Garage Detached
  • Tenant Pays GasElectricityWaterTrash Collection
  • Buyer Agent Compensation 2.80 %

Interior Features

  • Cooling Room Air ConditionerCeiling Fan(s)
  • Heating Wall Furnace
  • Appliances Self Cleaning OvenDishwasherRefrigeratorMicrowaveDisposal
  • Interior Open FloorplanKitchen Island
  • Basement Foundation Full90%+ Finished BasementWalk-Out AccessStructural FloorBuilt-In Radon
  • Other Interior Features Open FloorplanKitchen Island
  • Design Features Open Floor PlanKitchen Island

Exterior Features

  • Roof Composition
  • Fencing Fenced
  • Spa Yes
  • Spa Features Bath
  • Waterfront Property No
  • Lot Level
  • Patio And Porch Patio
  • Fences Fenced
  • Waterfront No

Community Features

  • Senior Community No
  • MLS Area Metro Denver
  • Accessibility Features Level Lot

Schools

School District
Denver 1
Elementary School
Park Hill
Middle School
McAuliffe International
High School
East

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Monthly Payment (Est.)

$3,573
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