TITLE:
New Denver Duplex 1951-1953 for sale, trade or 1031 investment
CONTROL:
Owner
VALUE:
$2,750,000
LOAN:
$2,225,000
EQUITY:
$525,000
TYPE:
Multi-Family
HAVE:
New Approx. 3000 s/f each side of the duplex. Both have 4 bed 3.5 bath, 4 car gar. Largest lot in Sunnyside Denver. Custom build interior. Great Investment to park 1031 for couple years or use for cashflow. These units qualifies for DSCR loans.
ADDRESS:
1951-1953 W 47th Ave, Denver, Colorado
BENEFITS TO NEW OWNER:
High demand area near downtown Denver. Easy access to highway and many amenities like restaurants, parks, bars, local bus transit 2 blocks away. Corporate rental w/fully furniture (rents jumps to $12K p/side p/month) Airbnb area.
GROSS SCHEDULED INCOME:
$204,000 Projected
VACANCY LOSS:
$17,000
GROSS EFFECTIVE INCOME:
$187,000
EXPENSES:
$3,300
NOI:
$183,700
DEBT SERVICE:
$0
CASH FLOW:
$183,700
CAP RATE:
6.68%
REMARKS:
Market rents range from $8,500 p/m per side. Our proforma is based on current units rented in the area. These units qualifies for a DSCR loan after stabilized or w/negative cashflow. Duplex appraisal available $1,375,000 each side.
COUNSELOR:
Pablo Kahan
Elements Investments, LLC
200 S. Wilcox Street #110
Castle Rock, Colorado, 80104
Cell: 303-993-9594
Email pablokahan@gmail.com
