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!

The property above was a very competitive multiple offer scenario. Make sure you’re working with a seasoned veteran who can get the job done!

Interested in Denver investment properties like this one? Reach out below to discuss further.

I listed this rental property of mine in Edgewater for 400k. After 68 showings and 5 offers, I closed above asking price through a 1031 exchange. I have located my replacement property which will provide significantly more cash flow, especially with how low interest rates are currently! Check back next month for all the details on the property I decided to roll my 1031 exchange proceeds into.

Sold Price: 482k

I represented the Buyers on this off-market Denver duplex for sale. Rents are below market rates and there are value add opportunities to allow the new Buyers to gain some sweat equity fixing it up. Once remodeled, rents will then be able to be raised to fair market rates giving the Buyers above average returns.

Interested in Denver Investment Properties? Message me below to discuss further.

Brian represented the Seller on this Sunnyside triplex for sale which resulted in 5 offers over a market rate asking price. Prior to the sale the Seller did add some capital improvements to the project that certainly paid dividends in the end.

If you’re interested in purchasing or selling income property and want to work with an agent who specializes in these types of transactions, reach out to Brian below to discuss.

Asking price: 810k
One 2 bedroom two story unit with washer/dryer and a 1 car detached garage.
Two 1 bedroom units, both with their own washer/dryers, both have 1 car detached garages.
All units have separate entrances.

Zoning does potentially allow for an ADU (Accessory Dwelling Unit) to be built. Denver is now encouraging home owners with ADU zoning to develop these units to both help homeowners offset rising home prices, but also allow renters a place to live in the city for generally affordable prices. Denver Post recently wrote a good piece on ADU’s:

Showings are taking place on 1/11 between 12-2. Reach out to Brian for more info and to RSVP if interested.

Buy – Rehab – Rent – Refinance

First, I’ll help you find a property in a distressed state, or just one that needs updating.

Second, I can refer you to contractors that will come in and quickly renovate the property after your acquisition.

Third, either you or a property management company will rent the property at top dollar.

Lastly, you’ll either work with a lender to do a cash out refinance, or secure a second mortgage through a HELOC on the property which you can use to purchase your next property to do all over again.

Here’s a few photo examples of one of my personal B-R-R-R rentals:

Before:

After:

Denver Investment Properties continue to offer well above average returns, both short and long term. I personally invest in the market and am happy to discuss all investment strategies with you, just reach out via email or the phone.

Look forward to talking with you.

Brian MacMillan – REALTOR
Investment Specialist

Recently I found myself in another bidding war representing investors in the Berkeley neighborhood (NW Denver). The lot is zoned U-TU-C, which means you can build a duplex on the lot. My clients are renting out the existing house until they decide to build on the lot in the future. Currently, at least half of the lots in the neighborhood have been scraped with brand new modern duplexes taking their place.

If you’re interested in buying Denver investment properties, or Denver development projects, that is my specialty. Reach out below to discuss further…

Sold Price: $905,000

I operated as a transaction broker between Buyers & Sellers on this 5 unit Denver apartment building for sale in the Jefferson Park and Sloans Lake areas of Denver.

In the next month I’ll be listing each side of the attached duplex for just under 600k (per side).  These projects involve a lot more than a basic fix and flip; however, the profits make it all worth it!  The average return for a duplex project similar to this one is $150,000.

If that is a return you’d be happy with, we should talk.  I am an investor oriented Realtor that specializes in helping investors acquire Denver fix and flips, Denver development projects, Denver pop tops, and long term buy and hold cash flowing properties.  I also do my own projects and am happy to share the contacts I have in the industry to get any deal done.