Denver, CO 80222,4585 E Yale Ave
Denver, CO 80222,4585 E Yale Ave
Denver, CO 80222,4585 E Yale Ave
Denver, CO 80222,4585 E Yale Ave
Denver, CO 80222,4585 E Yale Ave
Denver, CO 80222,4585 E Yale Ave
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$ 785,000
Est. payment | /mo

3 Beds

1 Bath

2,052 SqFt


Save
$ 785,000
Est. payment | /mo
Save

3 Beds

1 Bath

2,052 SqFt

Key Details

Property Type Single Family Home

Sub Type Income Property

Listing Status Active

Purchase Type For Sale

Square Footage 2,052 sqft

Subdivision Hutchinsons University Place

MLS Listing ID 6562880

Style Ranch

Bedrooms 3

HOA Y/N false

Abv Grd Liv Area 2,257

Year Built 1958

Annual Tax Amount $3,688

Lot Size 6,534 Sqft

Acres 0.15

Property Sub-Type Income Property

Source REcolorado

Property Description

House Hack Opportunity! Multi-unit investor special! Centrally located blocks from Yale Street Station and the University of
Denver DU, this updated duplex is a great investment! Perfect for Student housing and roommates or professor. Each side
has 3 beds, 1 bath, and 1,026 square feet, and what makes this property even more versatile is a basement bonus room
with outside access (owner unit only)to utilize as a home office, storage space, workout space. The primary "owner-unit"
unit has been updated (photos shown). The "tenant-unit" is in rental condition w/ long-term renter on a mo-to-mo lease.
This duplex has it all, boasting 6 beds, 2 baths, and a total of 2,257 square feet. W/D hookups in both units. Enjoy city
living with the convenience of a single-car garage offering ample storage space. "Owner Unit" has a 1 car garage and
"tenant unit" has a carport. Don't miss the opportunity to make this exceptional investment yours today! Owner has a
second exact duplex unit available if you are interested in completing your rental portfolio with a 4-plex. Ask listing agent
for more details. ********************************** The multi-unit rental property strategy: With rent prices
soaring, now would be a great time to become a real estate investor - if it weren't for all the upfront cash needed to buy
an investment property. BUT WAIT......there's a way around this hurdle: You could buy a multifamily property, move into
one of the units, and earn passive income by collecting rent on the other units. By living in one of the units, you'd be
meeting the owner-occupancy rule for your mortgage. That means getting a lower mortgage rate compared to a loan for
commercial properties. This strategy won't finance an entire apartment complex or a mixed-use development. It will,
however, work for a 2-, 3-, or 4-unit property.

Location

State CO

County Denver

Area Metro Denver

Zoning S-MU-5

Rooms

Basement Partial, Unfinished

Interior

Heating Forced Air, Hot Water

Exterior

Garage Spaces 1.0

Utilities Available Electricity Available

Roof Type Composition

Handicap Access Level Lot

Porch Deck

Building

Lot Description Level

Story 1

Sewer City Sewer, Public Sewer

Level or Stories One

Structure Type Brick/Brick Veneer

New Construction false

Schools

Elementary Schools University Park

Middle Schools Merrill

High Schools Thomas Jefferson

School District Denver 1

Others

Senior Community false

SqFt Source Assessor

Information and Real Estate Services (IRES)
Listed by Angela Fox • Madison & Company Properties • Angela@AngelaFoxSellsDenver.com,303-246-6629

4585 E Yale Ave