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3563 n krameria street denver, CO 80207

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Sold On: 2023-11-15
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List Price:
$530,000
Closed Price:
$515,000

Beds: 4
Baths: 2
Fin SqFt: 1992
MLS Number:
5755943

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Description:
Introducing a promising investment opportunity in Northeast Park Hill. This 1953 raised brick up/down duplex boasts two separate units, each featuring two bedrooms and one bathroom, with 996 sq. ft. of living space per unit, totaling 1992 sq. ft in the building. The 6250 sq. ft. double lot showcases two trees gracing the front yard. The upper unit showcases cove ceilings, adding character to this investment property. While public records list the apartment address as 3563 Krameria, informally the garden level unit is known as 3561 Krameria. The lower unit enjoys plenty of natural light pouring in through large windows, thanks to its 8ft ceiling height. Each unit has its own gas meters and electrical panels. A shared coin-operated laundry room on the lower level provides an opportunity for additional income. The backyard offers a covered patio, a lawn area, and four off-street parking spaces. The previous owner used this property for Section 8 housing, making $1600 per unit, totaling $3200 per month. With renovations, you can expect rental rates in the range of $2k - $2.5K per unit, significantly increasing your income potential. The neighborhood is witnessing remarkable growth, with a recently remodeled single-family home across the street under contract for $635K, offering almost $100K more for half the space. With updates, I estimated the property could be worth approximately $775K (reference: Listing at 3334 Olive Street, Denver, CO 80207). Don’t miss out on this incredible investment opportunity in a rapidly appreciating area. Contact us today to explore the potential of this duplex and secure your foothold in the thriving Park Hill neighborhood!

Status: Closed

Listing Office:
living room real estate

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Near Public Transit

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Want to schedule a private showing on this home or another home in denver? Call us at 303-726-1874 or email us at properties@petrelliteam.com.

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The Brian Petrelli Team is your North Park Hill, denver home specialist.

Our team of local denver experts have over 200 years of combined expertise in the Colorado Real Estate market. Give us a call today to put our knowledge and experience to work for you as you buy or sell your next North Park Hill home.

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The Brian Petrelli Team
Phone: 303-726-1874
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Call us today and find out why we're leaders for Condos and Townhomes in denver, Colorado and the most most qualified REALTORS in North Park Hill. We can show you any available home in denver, Colorado and provide you with the expertise and knowledge to make sure you get the best value for your money. In addition, we have access to $0 down mortgage programs to make financing easier. What are you waiting for? Call us today!
303-726-1874

The content relating to real estate for sale in this web site comes in part from the Internet Data eXchange ("IDX") program of METROLIST, INC., DBA RECOLORADO® Real estate listings held by brokers other than The Brian Petrelli Team are marked with the IDX Logo. This information is being provided for the consumers' personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

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