1212 Quaker Street

Updated duplex with excellent cash flow and immediate opportunity to increase rent. Both units are 2bed/1bath with new floors, paint, stainless appliances, and fixtures. New water heater, and furnace with central air added to both sides. Both leases end April 2021. One side rents for $1,771 (no rent increase for 2 years) and one side rents for $1,950 for an annual gross rent of $45k. Immediately increase both sides to $1,950 for an additional $2k per year. Both units have an unfinished basement of with washer/dryer and rough in plumbing. Attached 1 car garage on each side with parking for an additional 3-4 cars outside. Large private fenced in backyards. Finishing basements could add another $500+ rent per side. Net operating income (after taxes, insurance, maintenance, and property management) is currently $38k, for a cap rate of 5.6% with potential to quickly increase to 5.9%. This property has convenient access to I70 and 6th Ave, is less than ½ a mile to trails at South Table Mountain, and is walking distance to numerous restaurants, coffee shops and breweries. Seller is licensed agent in the state of Colorado.