3243 Kearney, Denver, CO 80207
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3243 Kearney, Denver, CO 80207
3243 Kearney, Denver, CO 80207
3243 Kearney, Denver, CO 80207
3243 Kearney, Denver, CO 80207
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3243 Kearney Denver, CO 80207

10 Beds

5 Baths

7,545 SqFt


UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 7,545 sqft

Subdivision Northeast Park Hill

MLS Listing ID IRE7898418

Bedrooms 10

HOA Y/N No

Year Built 1955

Annual Tax Amount $6,285

Tax Year 2025

Source ires

Property Description

VA Assumable loan at 3.75% Ask Agents for Information! Turnkey fourplex in Northeast Park Hill offering a compelling opportunity for investors and owner-occupants alike. The property currently generates $8,445/month in gross scheduled rental income, sitting at a 5.12% cap rate and all four units thoughtfully updated and maintained. The unit mix includes two 3-bedroom units and two 2-bedroom units, providing strong rental versatility and broad tenant appeal. One unit will be delivered vacant at closing, creating an immediate opportunity for an owner-occupant to live on-site while benefiting from income from the remaining units, or for an investor to reposition the unit at market rent.

Significant improvements have been completed throughout 2024-2026, including new windows, interior doors, paint, blinds, LED lighting, appliances, electrical breakers, central air conditioning, exterior paint and siding, professional landscaping, a new paver patio, and updated safety features. Additional unit-specific improvements include restored hardwood flooring, a professionally remodeled bathroom, and a remodeled kitchen.

The oversized detached 2-car garage offers an additional value-add opportunity, with approximately 676 SF already framed for a potential ADU/fifth unit and electrical wiring pulled through the existing framing. Buyer to verify zoning, permitting, feasibility, and all development requirements with the City and County of Denver. The property also offers at least five off-street parking spaces.

Residents are separately metered for gas and electric, while water, sewer, and trash are billed back to the units at a 25% share each. With strong existing rental income, extensive recent renovations, multiple off-street parking spaces, potential ADU upside, and the flexibility to occupy one unit, this property offers a rare combination of immediate cash-flow potential and future value-add opportunity in Northeast Park Hill.

Location

State CO

County Denver

Community Northeast Park Hill

Area Metro Denver

Zoning E-SU-DX

Rooms

Basement Full, Partially Finished

Interior

Heating Forced Air

Cooling Central Air

Appliance Dishwasher, Refrigerator, Washer, Dryer, Microwave, Disposal

Exterior

Parking Features Off Street

Garage Spaces 5.0

Community Features Community Laundry

View Y/N No

Roof Type Composition

Garage Yes

Building

Lot Description Level, Outbuildings

Sewer Public Sewer

Level or Stories Two

Structure Type Frame,Block

New Construction false

Schools

Elementary Schools Smith Renaissance

Middle Schools Mcauliffe International

High Schools Denver District 1

School District Denver District 1

Others

Acceptable Financing Cash, Conventional, VA, 1031 Exchange

Listing Terms Cash, Conventional, VA, 1031 Exchange

Special Listing Condition Private Owner


Information and Real Estate Services (IRES)
Listed by Katherine McCaslin

Nearby Locations

Maria Scott
Maria Scott

Realtor/Team Lead | License ID: 100092411

+1(303) 356-3581 | mariascott@epique.me

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3243 Kearney