For Sale
$815,000

2243 High StDenver, CO 80210

High-yield rental, strong cash flow, Denver location.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a 3-story, 2,983 square foot townhome located at 2243 S High St, Denver, CO 80210. Boasting a 6.19% cap rate and a strong NOI of $50,480, this property offers significant financial returns. Currently operating at 100% occupancy with leases extending through June 2026, this single-family rental provides investor peace of mind. Built in 2004, the property features 4 bedrooms and 3 bathrooms, hardwood floors, a gas fireplace, a modern kitchen with granite countertops and stainless steel appliances, and a private fenced backyard. Parking is ample with a 1-car garage and 2 additional dedicated spaces. The property sits on a 3,471 square foot lot and is zoned U-RH-3A. A significant value-add opportunity exists with a large, approximately 1,005 square foot unfinished basement, prepped for potential expansion. The roof was fully replaced in 2023. This property is ideally situated across from Denver University, ensuring consistent demand and long-term appreciation potential. The asking price is $815,000.

Highlights

  • Cash-flowing rental property with four bedrooms and two and a half bathrooms.
  • Continuously occupied since June 2005.
  • New roof installed in 2023.
  • Value-add opportunity: unfinished basement ready for a bathroom and two additional bedrooms.
  • No HOA fees.
  • Upgraded interiors featuring hardwood floors, granite countertops, and stainless steel appliances.

Property Details for 2243 High St

Property type
Residential income homes
Square Feet
2,983 SF
Year Built
2004
Buildings
1
Stories
3
Units
1

Location Insight

City
Denver
County
Denver
State
Colorado
Latitude
39.6759315
Longitude
-104.9655527
2243 High St, Denver, Colorado

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2243 High St
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