106 Yank Way, Denver, CO 80228

Property Description

**HUGE OPPORTUNITY FOR INCOME OR HOUSE-HACK** Don't let the address fool you, this updated duplex is one parcel but two separate residences - we are selling both 106 AND 108 Yank Way together, via one deed. Each side has 5 bedrooms and 3 bathrooms and both sides are recently refreshed with new appliances, flooring, renovated bathrooms. Each side of the duplex feels like a full SFR! 106 is vacant and ready for new tenant or owner occupant. 108 is leased at $2795/mo with wonderful tenants. Both sides have attached garages however 106 (vacant) has a 3 car garage (a 2 car attached and a single 1 car garage with egress into kitchen) and 108 (tenant occupied) just has a 1 car attached garage with egress into kitchen. Both homes have lovely, private backyards with large decks attached via slider in one of the upper bedrooms. This enclave neighborhood of College West Estates sits just west of Sims, up the hill from Union Square and Lakewood Hills, snugged up against the western foothills. Wonderful school system, family oriented neighborhood, great location close to bike trails and walking paths and parks ... all the outdoor activities that the Colorado lifestyle is known for! You could buy 106 to live in and subsidize your mortgage with the rental income from 108 OR just get a new tenant into 106 and have a great income rental property. Current owner feels like market rents could be pushed to $3100-$3200 rents fairly easily, especially on the 106 side since it has the 3 car garage. At increased rents it puts this duplex at a 5.4% cap rate. Book your showing today, however please note you'll only be able to tour 106. Rest assured, the tenant occupied side looks very similar as far as layout/updates/finishes but we won't be bothering the tenants of 108 for any access until/unless we are under contract. It is important to note that one of the five bedrooms in the basement of 108 is non-conforming - just needs an egress window installed to make it conforming.