Elizabeth Calihan - Coldwell Banker Distinctive Properties
2354-2356 S Cherokee Street
Denver, CO 80223

Description

Side-by-side duplex - great investment property in Rosedale. Take one of two approaches: rental or fix and flip! 1. Rental Property: current tenants are paying $1900/mth combined, but market rents are $2600/mth combined. OR, you could fix it up and charge about $3000/ mth! 2. Fix and flip: Suggested rehab of $65,000; then legally subdivide and sell two sides separately. Appraisal in 2018 estimated ARV of $342,000 per side, or $684,000 total! Analysis estimates profit of $80,000 - $160,000; analysis available upon request. One unit is currently on a month to month lease, the other unit's lease expires this March, 2019. Profitable property either way you look at it!

Details

MLS#4766529
StyleIndustrial
Sub-TypeResale
StatusActive
Year1954
Days On Site9

Features

SQ Feet1,416
Story(s)1
Units2
ZoningU-TU-C

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Area Information

StateCO
CountyDenver
CityDenver
Zip Code80223
AreaDenver
Listing VS Median (in 80223)
Price:
$490,000
low | high
Med:
$420,000
64.285714285714% of Average
SqFt:
1,416
low | high
Med:
1,716
28.813559322034% of Average
$ / SqFt:
$346
low | high
Med:
$245
79.270729270729% of Average
On Site:
9
low | high
Med:
200
4.5% of Average
Listing Updated: 01/18/2019
MLS Number: 4766529
Listing Provided By:
Cassandra France  of  Your Castle Realty LLC
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