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!

Purchase Price: 600k

Recently I helped investor clients buy this single family home in the Sunnyside neighborhood (NW Denver) that is zoned for an ADU (accessory dwelling unit). As is, the home is in good condition with minor updates needed to rent long term. Future value add scenarios are remodel/update the current home and develop an ADU above a 2 car garage off the alley, or request a zoning change with City of Denver to allow for a brand new side by side duplex which is seen all over NW Denver.

My clients sold two duplexes in Kansas City and rolled their proceeds into this property through a 1031 exchange. This allows them to manage their investment themselves since they live in Denver now and they should see greater appreciation in the Denver market long term.

If you have investments in other states and feel Denver would be a better area to invest, lets discuss the process of executing a 1031 exchange and acquiring properties in Denver that could out perform your current holdings.

Listed @ 840k, Sold for $875,000

This luxury brand new half duplex is located directly across from Jefferson Park. High end finishes include commercial grade Viking appliances, sleek cabinetry in kitchen/baths from Porcelanosa, spanish tile in kitchen/baths also from Porcelanosa, Anderson windows, and interior walls finished at a level 5 smooth modern finish.

Keep an eye out for the other two units Coming Soon in the south duplex at this Jefferson Park duplex development. Reach out if interested…here’s a few photos from this luxury Denver duplex that just closed:

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.

This year the Colorado Senate voted down proposed rent control. Denver is currently twice as affordable than San Fran, as well many other cities in CA. Current clients of mine with ties to CA have told me this rent control bill actually creates the exact opposite result as intended: many long term renters have ‘sweetheart deals’ in place because they’ve been responsible over a long period of time and their landlord gives them a break because of it. Now, these landlords are forced to raise their tenant’s rent to market rates because they won’t be allowed to increase rent over 5% moving forward with rent control measures in place.

If you’re weighing your options on potentially selling in a rent controlled state, lets discuss how Denver investment properties could be a better solution through a 1031 exchange. Just interested in purchasing investment properties? Lets discuss some great opportunities I have as well.