May 16th, 2011 Denver’s Best Investment Property
Today’s Denver investment property deal resides in the Cheesman Park area of Denver:
The subject house would be a great primary residence house, with a rental unit in the basement for income. Above the basement there is 2,649 sq ft, with 920 sq ft in the basement (currently being used as a separate rental apartment). This three story Georgetown style home was built in 1902 and still has all the old world charm character.
Another investment scenario on this property would be to convert the entire house back to one single family home, update it, then flip it for a descent profit. Currently, this property is listed for 450k. In a remodeled state, the house could sell for 600k. There are several million dollar homes just one block away, Cheesman Park and the Botanical Gardens concert site is only 2 blocks away.
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