Listing courtesy of Jonathan Loewenberg.
3038005623
Excellent Belcaro duplex investment opportunity with built-in value-add potential. Each unit currently offers 2 bedrooms, 2 bathrooms, a large den, and in-unit laundry, plus a 3-car carport. Seller has already engaged a contractor who has assessed the property and provided a quote to convert the den in each unit into a third bedroom, resulting in two 3-bed/2-bath units. The improvement would significantly increase rent potential and the overall cap rate. The seller is offering a credit toward the bedroom conversion, and the contractor is available to complete the work post-closing with an acceptable offer. Strong location between Cherry Creek, Bonnie Brae, and Washington Park, supporting excellent tenant demand and long-term appreciation.
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