2501 S Williams Street

Rare 4 plex walking distance to DU Campus. This 8 bed 4 bath complex is fantastic rental investment with all four units updated and always in high demand. Current 6.6% gross cap rate. Oversized double lot with private parking lot and additional storage facility for each unit. Building sits along the Harvard Gulch trail and offers amazing access to bike/walking trail, DU, Harvard Gulch, Platt Park, Wash Park and Downing Street restaurants. This is an A+ location! Brick exterior, New Roof, Double Pane Vinyl Windows and interior improvements throughout each unit make this a true turnkey investment. Current leases average $1,800 per month - fair market is closer to $1,950 p/m. Lower units are garden level /walkout offering lots of natural lighting and full sized windows - these two units do not feel like basement apartments. This property sits on a double 12,000sqft lot. The next owner could improve rental income with the addition of multiple ADU's based on Denver new zoning regulations regarding ADU's. (Buyer/buyer's agent to verify all zoning with the city of Denver). All units are on a month to month. This could be a perfect investment for an owner occupied solution.

Listing Office: LoKation