2285 S Williams St, Denver, CO 80210

Property Description

Attention investors and energetic owner occupants. SELLER IS WILLING TO OFFER OWNER CARRY TERMS WITH 25% DOWN. This house provides an excellent opportunity to continue its history as a rental or to live in a house while gaining sweat equity and fixing it up. It has been owned by the same family for 30+ years and is well maintained and livable as is with a great opportunity to high return updates. It has the original oak floors and hand built original cabinets in the kitchen. There are 2 Bedrooms and a bath on the main level. Recent updates include new vinyl windows, new wood siding and a new roof. The rest will be up to you as this house is being sold in "as is" condition. There is a 1 BR basement apartment with a kitchen with a dishwasher, a 3/4 bath and egress windows. There is a shared laundry room and rear entrance. The basement has been consistently rented for $1200/mo for many years but with a little TLC, it could likely bring more. The rental income would pay approximately $195,000 of the mortgage at today's rate making the payments about the same as buying a $330,000 house, without the apartment, elsewhere. For those willing to rent on AirBNB or Furnish Finders the income could be even greater. This location just 1 block from DU would surely be in demand for short term rental. It also could be used by an owner to live in while updating the main level, multi-gen situations and more. A one car garage and extra parking sits on the alley. This location is also walkable to Harvard Gulch Rec Center, parks, shops and restaurants in the area. This home sits on a 6250 lot that provides plenty of room for expansion or it could be used as a building site. Bring your energy and creativity today and solve your own affordability crisis.