On this transaction I represented the Sellers who closed a contract just over 1M.

The entire Berkeley neighborhood has been in transition for awhile, but this block and the northern section of Berkeley has been rapidly changing. At the time of this sale the neighbor lot is scraped with a new build going in and across the street there’s 3 similar projects going on.

If you have a Denver duplex for sale make sure to check out all the various options on how to market your property.

This up/down Denver duplex is legally zoned for a duplex, but also meets the requirements for a new construction project.

Reach out if you’re interested in selling your Denver duplex and possibly executing a 1031 exchange where you can buy another asset and potentially not have to pay capital gains (always talk with your CPA or Attorney).

Here’s a few photos of the up/down Denver duplex that just sold:

Offered @ $1,200,000

Don’t miss your opportunity to own a full up/down duplex only 1 block off Tennyson St! Live in one unit, rent the other..or own an investment property in the hot Berkeley neighborhood. This is a well maintained and updated property in an A+ location, walking distance to all the shops/restaurants off Tennyson St and Berkeley Lake Park with tennis courts/trail around the lake. Each unit is equipped with its own washer/dryer and the basement unit has its own entrance around back. Both units have 3 bedrooms with the main level offering a primary bathroom, plus another full bathroom. Basement unit offers 3 bedrooms and 1 full bath. Detached 2 car garage has EV charging. Just land values in Berkeley with no structure are selling in the 900k range. Check this one out soon, properties like this in a great location don’t last long!

Offered @ $1,075,000

Here’s your chance to own a classic all brick triplex in Denver with a great central location, only blocks to many of the top restaurants/shops/bars on 6th Ave and everything Wash Park offers less than a mile away.

Both the main level unit and the upper level unit have 2 bedrooms and a full bath. The basement unit has a side entry and is a 1b/1b. All tenants have access to laundry in the basement.

This building works great for an owner occupant or an investor who wants to add an A+ assets to their portfolio.

Reach out directly to schedule a showing or for financials.

Offered @ $1,195,000

Value Add Opportunity on a great block in City Park West/Uptown! This converted 6 unit offers 3 studio units on the main level and 3 one bedroom units (with lofts) on the second level. All tenants have access to a coin operated (Seller owned) washer/dryer in the basement. Seller is in the process of updating all units once leases come due, currently 4 of the 6 units have been updated. This is a great walkable location to all the hots spots on 17th, City Park, and several hospital/health care providers. This is a great asset without having to do anything, it’s currently bringing in close to 100k annually!!

Sold Price: $1,440,000

I represented a long time friend/client on the acquisition of this 6 unit apartment building in the Cheesman Park/Capitol Hill area of Denver. All units are very spacious, offer a good unit mix, include washers/dryers in all units, and have private outdoor decks/patios for each unit/tenant to enjoy. There is some room to push rents and some capital improvement opportunities to help push future rents as well.

From the Denver Post yesterday:

Nationally, median monthly rents went from $817 in 2009 to $1,163 in 2021, a gain of 42%. Denver’s gain was 82%, going from $856 a month to $1,554. That jump, almost double the pace experienced nationally, was second to only San Jose, the hub of California’s Silicon Valley, where monthly rents went up 85%, from $1,360 to $2,511.

If you’re interested in Denver Investment Properties lets discuss what options could work for you and get started growing your retirement portfolio!

Offered @ $1,295,000

Here’s your chance to own a unique property offering four units walking distance to all the hot spots in the Highlands! At the front of the property you have a classic bungalow with two bedrooms on the main level and a separate one bedroom unit in the basement. Off the alley is a two story detached carriage house with one bedroom on the main level and another one bedroom on the second level. All four units have access to a shared washer and dryer. Two off-street parking spots with a privacy/security gate makes parking easy off the alley. This is a great opportunity for an owner occupant who lives in one unit themselves and rents out the other three, or an investor looking to add a Class A property to their portfolio. Location can’t be beat, don’t wait on this one!

Sold Price: $1,150,000

I represented the Buyers on this purchase who purchased as an owner occupant (they plan to live in 1 of the 4 units as their primary residence).

My clients are planning on fixing up all 4 units as they become available over the next few yrs, then raising rents to market rates, and potentially doing the same process all over again while keeping this building as a cash flowing investment.

Lets talk about interest rates and how those affected this deal….we were able to get a large Seller concession to buy my client’s rate down through a 3-2-1 buy down. My clients have a 3% interest rate for the first year which allows them to live essentially mortgage free (the 3 other units are paying the mortgage through their rent payments) the first yr, which then allows them to put $$ back into the property that they might not have with our current market rates.

If you have desire, motivation, and dreams to get ahead in life, this scenario is for you! Reach out to discuss further, I’m Not Hard To Find.

Lets break down my Top 5 benefits an owner occupant of a Denver multi family building can take advantage of currently:

1. More inventory is on the market now vs any other time over the past few years. Going into 2023 I predict this will stay the same; however, I also anticipate more Buyer activity as we get into the Spring selling season.
2. Loan limits on 1-4 unit properties recently increased allowing Buyers to bring less $$ to the table for their down payment.
3. Average rents are still staying strong in desirable areas around the Denver metro area. Having strong rents in your building could help you live mortgage free (especially possible in triplexes and quads).
4. More properties in need of CapEx fix up/repairs providing sweat equity opportunities for those willing to renovate.
5. Currently less competition (although I’m still finding myself in multiple offer situation in A+ location) which I expect to last until springtime. Buyers generally have the ability to negotiate price/inspection/rate buy downs/etc.

Have you been thinking about occupying a Denver investment property yourself? Reach out and lets discuss this strategy in more detail, you’ll be setting yourself up for future wealth and opportunities!

Sold Price: $1,050,000

I represented Buyer clients on their purchase of this Denver triplex.

All three units included 4 bedroom units, which is very rare for all units to have that many bedrooms. Buyer’s appraisal came in over 1.4M making this a true unicorn deal in our crazy Seller’s market! Buyers plan to occupy one of the units as their primary residence, rent the other two, and update all units once they become available.

Interest rates have recently increased; however, loan limits for primary residence Buyers have also drastically increased for duplexes, triplexes, and quads. If you’re interested in a similar situation now is the time! Our market is going up quickly with no signs of slowing.

Sold Price: 885k

I recently represented the Buyer on this up/down duplex in a prime Berkeley (NW Denver) location.

This client is planning on living onsite and either doing short or long term rentals on the main level.

Are you interested in House Hacking scenarios like this? If so, reach out I’m happy to discuss how you can offset costs by buying an income producing property like this one as your primary residence!