1537 N Fairfax St Denver, CO 80220
Open House
- Sat, May 25: 5pm-8pm
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