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HAPPY NEW YEAR: INCOME PROPERTY

Platt Park Duplex

Income Property in Denver Southeast, Listed by Red Chair Realty

As we roll into the new year the real estate market continues to struggle with several moving parts including an influx of new buyers, limited inventory and record low interest rates. On the surface, we would normally welcome these variables as a catalyst to generate market velocity. The 2020 mid-Year Covid Crisis did create velocity but now we’re feeling the net results. Unprecedented migration driven by the optimization of technology and the desire for space and fresh air has created a vacuum into the Denver / Colorado market. We are now seeing record low active listings in the MLS combined with unsustainable real property appreciation (7% last year alone). The LOW INTEREST RATE environment feeds the need to place capital in well hedged markets (Denver Real Estate, increasing rents, lower money cost, capital placement requirements and a US macro market poised for fueling inflation). Investment properties in Denver Colorado may never have looked so good. Capitalization Rates continue their downward trend following levels seen on both coasts. This brick duplex is located in one of the most popular neighborhoods in metro Denver (Platt Park) and enjoys close walking proximity to the Louisiana Light Rail Station, Washington Park, Whole Foods, Old Pearl Street, University of Denver Campus and the trending south Broadway corridor. This Denver Southeast Income Property offers the opportunity to generate strong current rents combined with the strategy to improve the property with cosmetic upgrades and/or modifications to add additional bedrooms. This well maintained duplex is surrounded by owner occupied single family homes. Red Chair Realty and Rick Flanagan are proud to offer this opportunity to the market. Red Chair Realty / Rick Flanagan have been representing Denver buyers and sellers for more than 30 years. RED CHAIR REALTY This might be the perfect time to put Rick’s experience to work for you. CONTACT RICK #iredchair #rick_flanagan #denver_income_property #welovedenver #denver_realtor

Red Chair Realty Listing in Platt Park

Time to invest in Denver real estate! Contact Rick Flanagan

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