950 N Ogden Street #6

Stunning Cap Hill garden-level condo with amazing high-end finishes! You will fall in love with the new kitchen! Gorgeous turn of the century architecture. Very cozy and quiet six unit building with ample street parking. Turnkey investment with great established renters + room for increased rents OR buy for a residence and move in once the current lease is up (7/1/22). Never vacant and rents are at 2019 levels. Current - conservative Cap Rate of 4.6, with dated rental rate and a high 3% vacancy rate. Solid investment as-is but with 2021 rental rates of $2,100 a month for this unit the Cap Rate is 5.5 or more (with no vacancy – which is the norm). This area commands quality tenants. Hassle free rental property that will generate passive income for as long as it is in your portfolio! All newer appliances. Exposed brick. Amazing space with ample storage and a dual master setup! There is a front and rear entrance creating an easy flow to the main entry and the newly re-finished common back patio. The laundry facility is no extra cost and right across the hallway from the back entrance. There is also a sizable, secure storage unit right next to the laundry machines. The HOA dues cover practically everything, including high speed internet service, water, heating, and building maintenance. The only extra cost is Xcel for individual electric and gas service (currently paid by tenant). Top rated Denver schools – Dora Moore, Morey and East. Within a short walking distance to Cheesman park with expansive lawns and green space, jogging trails, and the beautiful Denver Botanic Gardens. Grocery options around the corner including King Soopers, Whole Foods, and Trader Joe’s. Easy access to all the neighborhood has to offer including Potager, Park Tavern, Sexy Pizza, Jelly Café, Thump Coffee, Snarf’s Sandwiches and Burgers, Downtown, Cherry Creek, SoBo and all that Colfax has to offer.