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1537 N Fairfax Street
Denver, 80220
FOR
SALE
$670,000
For Sale
3
Beds
2
Baths
1
Garage
1,946
Sq.Ft.
0.04
Acres
MLS# 2789120
Cumulative Days on Market: 16 (since May 3rd, 2024) Data provided by the MLS.

Property Details

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.

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Property Highlights

Price
$670,000
Property Type
Residential Income
Property Sub Type
Duplex
Architectural Style
Mid-Century Modern
Total Bathrooms
2
Year Built
1949
Acres
0.04

Location

County
Denver
Direction Faces
East
Subdivision
South Park Hill
Zoning
U-TU-C

Property Details

Condition
Updated/Remodeled
Price
$670,000
Property Sub Type
Duplex
Property Type
Residential Income

Building

Levels
One
Structure Type
Duplex
Total Area
1,946

Community

Local Schools

Elementary School
Park Hill
High School
East
Middle School
Mc Auliffe International
School District
Denver 1

Interior Features

Bedrooms and Bathrooms

Bedrooms
3
Total Bathrooms
2

Rooms and Basement

Basement Features
Exterior Entry, Finished, Full, Walk-Out Access
Has Basement
Yes

Area and Spaces

Above Grade Finished Area
973
Below Grade Finished Area
973
Living Area
1,946

Appliances

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

Interior Features

Electic
110V, 220 Volts
Flooring
Carpet, Laminate, Tile
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
Laundry Features
In Unit
Security Features
Carbon Monoxide Detector(s), Smoke Detector(s)

Heating and Cooling

Heating Features
Electric, Wall Furnace

Building Details

Construction

Architectural Style
Mid-Century Modern
Foundation
Concrete Perimeter, Structural
Year Built
1949

Materials

Construction Materials
Brick, Concrete
Roof
Composition

Terms

Commercial

Cap Rate
5.31

Terms

Exclusions
Personal Property
Ownership
Corporation/Trust
Special Conditions
None
Special Terms
Cash, Conventional, FHA, Jumbo, Owner Will Carry, VA Loan

Taxes

Tax

Tax (Annual)
$2,014

Heating, Cooling & Utilities

Cooling Features
Air Conditioning-Room

Green Energy

Energy Efficiency Features
Water Heater

Utilities

Sewer
Public Sewer
Utilities
Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected
Water Source
Public

Lot

Acres
0.04
Lot Features
Level
Lot Size
1,928
Lot Size Area Sq Ft
1,928

Exterior Features

Fencing
Full
Patio And Porch Features
Front Porch, Patio

Parking

Garage Capacity
1
Parking Features
Concrete, Dry Walled
Total Parking Spaces
1
Listed by Exp Realty, LLC, denverhomestoday@gmail.com.
Listing Data last updated 05/18/2024 11:46 AM
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Property History

Today
Property information last updated
16 days ago
Status Active. This is the date the listing was placed on market.
NOTE: Cumulative Days on Market: 16. Data provided by the MLS.

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Listings courtesy of REcolorado as distributed by MLS GRID IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID. Based on information submitted to the MLS GRID as of 05/18/2024 11:46 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.
Listing Data last updated: 05/18/2024 11:46 AM
Equal Housing Opportunity
Service by Buying Buddy® IDX CRM
Copyright © 2003 – 2024 Buying Buddy. All rights reserved.
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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.","Roof":"Composition","RoomsTotal":null,"SchoolDistrict":"Denver 1","SecurityFeatures":"Carbon Monoxide Detector(s), Smoke Detector(s)","seller_office_id":null,"SeniorCommunityYN":"0","Sewer":"Public Sewer","SkiFeatures":null,"SpaFeatures":null,"SpaYN":null,"SpecialListingConditions":"None","StandardStatus":null,"StateRegion":null,"StoriesTotal":null,"StructureType":"Duplex","TaxAnnualAmount":"2014.00","Utilities":"Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected","View":null,"ViewYN":null,"VirtualTourURLUnbranded":"https:\/\/tours.oatisgreenphotography.com\/e\/t6V7bcP","WalkScore":null,"WaterBodyName":null,"WaterSource":"Public","WaterfrontFeatures":null,"WaterfrontYN":null,"WindowFeatures":null,"YearBuilt":"1949","Zoning":"U-TU-C","ZoningDescription":null,"property_uid":"REC2038418337","listing_status":"active","mls_status":"Active","mls_id":"denver","listing_num":"2789120","acreage":null,"acres":"0.04","address":null,"address_direction":"N","address_flg":"1","address_num":"1537","agent_id":"55059046","area":null,"baths_total":"2.00","bedrooms_total":"3","car_spaces":"1","city":"Denver","coseller_id":null,"coagent_id":null,"days_on_market":null,"finished_sqft_total":"1946","geocode_address":"1537 N Fairfax Street","geocode_status":null,"lat":"39.74095016","lon":"-104.92914161","office_id":"EXPCO","office_name":"eXp Realty,  LLC","orig_price":"670000","photo_count":"35","previous_price":null,"price":"670000","prop_img":"\/listing\/photos\/denver\/2789120-0.jpeg","property_type":"Residential Income","sqft_total":"1946","state":"CO","street_type":"Street","street_name":"Fairfax","sub_area":"South Park Hill","unit":null,"zip_code":"80220","listing_dt":"2024-05-03","undercontract_dt":null,"openhouse_dt":"2024-05-25 17:00:00","price_change_dt":null,"seller_id":null,"sold_dt":null,"sold_price":null,"webapi_update_dt":null,"update_dt":"2024-05-20 06:47:25","create_dt":"2024-05-03 18:35:17","marketing_headline_txt":null,"use_marketing_description_txt":null,"marketing_description_txt":null,"showcase_layout":null,"mortgage_calculator":null,"property_history":null,"marketing_account_id":null}

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Listings courtesy of REcolorado as distributed by MLS GRID IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID. Based on information submitted to the MLS GRID as of 05/18/2024 11:46 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.
Listing Data last updated: 05/18/2024 11:46 AM
Equal Housing Opportunity
Service by Buying Buddy® IDX CRM
Copyright © 2003 – 2024 Buying Buddy. All rights reserved.

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