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.

List Price: 350k

My latest Denver Investment Property for sale is located in NW Denver, near the Highlands & Sunnyside areas.  What makes this Denver development project unique is that only half of a duplex is standing on the property.  The lot is zoned U-TU-C, which means two units can be built on the property.  Currently, the half duplex that is standing has been gutted, both the electrical and plumbing have been completely re-done, the floor plan has been opened up, and new framing exists.  Permits are valid and ready for another developer to take the project over, finish the existing structure, as well connect and build a brand new half duplex from the foundation up.  City of Denver construction permits are taking roughly 5-6 months to push through currently, which makes this project very enticing to be able to start construction immediately.

Most Denver duplex development projects are netting investors an average of 150k profit.  This project falls within that scope; however, with a severe lack of inventory and prices rising quickly, I’m projecting proceeds to be around 200k on this Denver infill lot for sale.

If you’d like to take a tour of the existing structure, view current permits, or the architectural renderings, please contact me for an appointment .

Happy Fourth of July weekend!