3220 Albion St, Denver, CO 80207

$704,000
4
BD
2
BA
800
SqFt

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Sold Price
$704,000
List Price
$719,900
Closing Date
Mar 22, 2024
Type
Multifamily
Property Sub Type
Duplex
Status
CLOSED
MLS Number
3009520
Bedrooms
4
Bathrooms
2
Sqft Total
800
Year Built
1941

Property Description

Investors and house hackers, your opportunity awaits in this beautifully remodeled duplex in the heart of Park Hill! This 4-bedroom, 2-bathroom gem, situated on a sizable 4115 sqft lot with 2 deeded parking spaces, promises to captivate both your heart and your income desires. The strategic layout of this property allows for various possibilities. Live in one unit and rent out the other, creating an effortless and cost-effective living arrangement. Alternatively, capitalize on the prime location to rent out both units and enjoy a steady stream of residual income. The choice is yours, and the potential is vast. Step onto the property and be greeted by a charming front patio, setting the tone for the impressive interior. The bright and open floor plan features refinished original hardwood flooring, adding character and warmth to the space. Both units offer spacious living rooms, inviting dining areas, and updated kitchens adorned with quartz countertops, stainless steel appliances, and custom backsplashes. Each unit comprises two generously sized bedrooms and a full bathroom, providing comfort and convenience for occupants. The estimated rent for the top unit is $2400, while the bottom unit is estimated at $1800, offering a solid estimated 6% cap rate for savvy investors. The lot boasts a fully fenced area, providing a private and secure space to bask in the Colorado sunshine or let the dogs and kids play freely. With proximity to City Park, I-25, and the light rail station, this property ensures both convenience and accessibility. Don't miss out on this lucrative investment opportunity! Whether you're looking to enhance your income or find a smart living solution, this duplex in Park Hill is the key. Act now and secure your stake in Denver's thriving real estate market!

Additional Information

Lot Size Acres
0.09
Lot Size Sq Ft
4,115
Exterior Features
Private Yard
Sewer
Public Sewer
Basement Type
Full
Heating
Forced Air
Cooling
Central Air
School District
Denver 1
Elementary School
Stedman
Middle Or Junior School
DSST: Conservatory Green
High School
East

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Courtesy of Madison & Company Properties . Brianna@WealthByRE.com,720-383-4588

Selling Office: PERCH REAL ESTATE.