2903 E 14th Avenue, Denver, Colorado, 80206
Lot Area: 4,470 Sqft
Beautiful brick 6-plex in a prime location between Congress Park and City Park, 100% occupied at a 5.1% cap rate with upside. This unique floor plan has 3 large townhouse style units (two 3 bedroom units, one 4 bedroom unit) and an additional three 1 bedroom units. The property has a proven value add strategy of converting 3 bedroom units to 4 bedroom units and in the past two years one of the six units had a full remodel and two units had lighter remodels leaving plenty of room for future upside. Other recent improvements are: 3 new furnaces in 2022 and new paint on exterior trim, fascia, window trim, soffit, entry stone. Clean building, great location and simple ways to increase revenue with both under markets in place rents and rehab opportunities. Please email listing agent to request an Offer Memorandum. Buyers to submit POF for down payment prior to scheduling showings to limit intrusion on our tenants.