1701 E Iliff Ave, Denver, CO 80210

Property Description

Fantastic investment opportunity in the heart of DU! This up/down duplex offers two spacious units with identical floor plans, each with in-unit laundry. The main-level unit is vacant and recently remodeled with refinished hardwoods, quartz counters, new fixtures, and an upgraded bath. It previously rented for $2,400/month and is ready for a new tenant or owner-occupant. The upper-level unit is leased through May at $1,980/month, well below market due to a long-term tenant, creating strong upside potential. The property has a strong rental history, with consistent occupancy and steady cash flow. Major updates include roof, furnaces, water heaters, A/C, fencing, xeriscaping, driveway/concrete, and garage door mechanisms. A fenced yard with mature trees, detached two-car garage, and off-street parking complete the property. Live in one unit and rent the other, or hold as a long-term rental with excellent growth potential. Current cap 4.9%; projected cap 5.8% at market rents.