1138 N Clarkson St Denver, CO 80218

1138 Clarkson is a 4-Unit building which features an attractive unit mix that consists of one studio, two 1Br/1Ba and one 2Br/1Ba apartment. The property presents plenty of value-add opportunity as the owner currently occupies the 2br/1ba unit, the studio is vacant and and the 2 one-bedrooms are renting for an average of just $540/month. These 2 one-bedroom units can easily be rented for over $1,100 with no work to the apartments - the Seller has kept the rents low because she is the kindest landlord in Capitol Hill! There are two leases in place - one is month to month and the second expires 1/31/22. An investor can cashflow a well-kept building in an A+ location or make cosmetic updates to the units and increase rents and value considerably. With little to no work, this will be above a 5.5% CAP rate by February. Common area laundry in the basement, a large communal backyard and 4 parking spaces round out this investment opportunity.