For Sale
$650,000

2401 39Th Ave Denver, CO 80211

Two renovated townhomes, 6% cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents two fully renovated, 1-bedroom, 1-bathroom townhomes located at 2401 and 2405 W. 39th Ave in Denver's desirable Sunnyside neighborhood. Completed in 2024, each unit boasts 596 square feet of modern living space featuring quartz countertops, vinyl flooring, and Energy Star appliances. The units offer an efficient layout and are designed for comfortable living. This turnkey investment property requires minimal maintenance, promising immediate rental income. The strong rental potential is further supported by a projected 6.0% cap rate and the prime Sunnyside location, boasting a Walk Score of 83, providing easy access to parks, public transportation, dining, and shopping. The absence of HOA fees reduces ongoing expenses, while residents can easily obtain resident parking permits through the City of Denver. Electric is individually metered, while water is shared between the units, governed by a party wall agreement. The total square footage is 1,192, with a net rentable area of 1,192 square feet. The property is zoned residential, built in 1953, and sits on one story. This is a value-add investment opportunity, classified as Class A, with a total asking price of $650,000 and a current NOI of $39,000. The property is currently vacant. This packaged deal offers a rare chance to acquire two high-quality, income-generating properties in a rapidly growing Denver neighborhood.

Highlights

  • Fully renovated in 2024 with quartz countertops, vinyl flooring, and Energy Star appliances.
  • Turnkey investment opportunity with minimal maintenance required.
  • Strong rental potential in a high-demand neighborhood, projected 6.0% cap rate.
  • Prime Sunnyside location, Walk Score of 83, near parks, transit, dining, and shopping.
  • No HOA fees.
  • Resident parking permits available through the City of Denver.

Property Details for 2401 39Th Ave

Property type
Residential income homes
Square Feet
1,192 SF
Class
A
Year Built/Renovated
1953/2024
Stories
1
Units
2

Location Insight

City
Denver
County
Denver
State
Colorado
Latitude
39.7706493
Longitude
-105.016064

FAQs

What type of property is this?
Residential income home - Two renovated townhomes, 6% cap rate.
Where is the residential income home located?
The property is located at 2401 39Th Ave Denver, CO.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Fully renovated in 2024 with quartz countertops, vinyl flooring, and Energy Star appliances.; Turnkey investment opportunity with minimal maintenance required.; Strong rental potential in a high-demand neighborhood, projected 6.0% cap rate.
How can I contact the broker?
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2401 39Th Ave
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