1537 N Fairfax Street, Denver

Welcome to 1537 N Fairfax Street, a meticulously renovated duplex situated in the vibrant South Park Hill neighborhood, offering an outstanding investment opportunity. This property presents a compelling acquisition for savvy investors seeking a reliable income stream and excellent capital appreciation potential.

Property Highlights:

Duplex Configuration: Comprises two well-appointed units, offering flexibility and multiple income opportunities. The upper unit features two bedrooms and one bathroom, while the lower unit includes one bedroom and one bathroom, perfect for a variety of tenant demographics.
Strong Rental Projections: Anticipated monthly rental income is a robust $4,010, reflecting competitive market rates and enhancing yield prospects.
Extensive Renovations: Recently completed high-end renovations ensure low maintenance costs and appeal to high-quality tenants. Improvements include new roofing, modern furnaces, updated kitchens, contemporary flooring, and new hot water heaters.
Strategic Location: Nestled in an area known for its strong rental demand, 1537 N Fairfax offers proximity to downtown Denver, local parks, and essential amenities, boosting tenant appeal.
Investment Ready: The property comes with a U-TU-C zoning classification, supporting residential income potential and ensuring a straightforward ownership experience.
Additional Features: Each unit includes access to shared outdoor spaces and private entries, enhancing livability and tenant satisfaction.
Investment Benefits:

High Tenant Demand: Located in a high-demand rental area with a Walk Score of 79, ensuring ongoing occupancy and minimizing vacancy risks.
Turnkey Operation: As a fully renovated property, investors can start generating income immediately without initial capital outlays for repairs or upgrades.
Market Positioning: Priced competitively to align with market valuations, providing an attractive price-point for long-term investment.

eXp Realty, LLC.

Essential Information

MLS® #2789120

Price$670,000

Bedrooms3

Bathrooms2.00

Square Footage1,946

Acres0.04

Year Built1949

TypeIncome

Sub-TypeIncome

StyleMid-Century Modern

StatusActive

Community Information

Address1537 N Fairfax Street

SubdivisionSouth Park Hill

CityDenver

CountyDenver

StateCO

Zip Code80220

Utilities

Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected

Interior

HeatingElectric, Wall Furnace

CoolingAir Conditioning-Room

StoriesOne

Has BasementYes

Interior Features

Ceiling Fan(s), In-Law Floor Plan, Jack & Jill Bathroom, Jet Action Tub, Kitchen Island, Open Floorplan, Quartz Counters, Radon Mitigation System, Smoke Free

Appliances

Dishwasher, Disposal, Gas Water Heater, Microwave, Oven, Range, Range Hood, Refrigerator, Self Cleaning Oven, Tankless Water Heater

Basement

Exterior Entry, Finished, Full, Walk-Out Access

Exterior

Lot DescriptionLevel

RoofComposition

Foundation

Concrete Perimeter, Structural

School Information

DistrictDenver 1

ElementaryPark Hill

MiddleMcAuliffe International

HighEast

Additional Information

Date ListedMay 3rd, 2024

ZoningU-TU-C

Parking Spaces1

ParkingConcrete, Dry Walled

# of Garages1

Listing Details

eXp Realty, LLC

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