1200 E 24th Avenue, Denver, CO 80205

Property Description

Tremendous opportunity with this very unique situation! This listing includes both 2344/2346 Downing Street & 1200-1206 E 24th Ave. Two separate legal parcels allow you to get two conventional (even FHA) loans and two insurance policies offering better rates and terms than commercial products. You could sell the parcels separately or go one step further and sell each unit individually through a party wall split. However, this also makes a great hold! Offered at a 6.47% cap rate on actual numbers, this turnkey asset boasts 2 to 1 parking, WA/DR in each unit, separate hot water heaters and HVAC systems. (5 of the 6 have central air) Large lot that would allow you to build additional units through an ADU. Long term tenants who pay their own electric and gas. Ideally located close to downtown, Rino, RTD, parks, shopping, restaurants, etc. Current rent roll and 2025 I&E's can be found in supplements.