S Yukon St

$60k instant equity on tiny investment.

Preferred lender who can offer as low as 20% down for non owner occupied mortgage.

BELMAR The unit sits in a small, well-kept complex that is VERY CLOSE, just south of Belmar. Incredible location by the park and easy to get to Whole Foods and all the shops. Keep your hardwood floors. The scope is replace damaged window, kitchen refresh but does not require new cabinets, bath cosmetics, interior paint, replace the furnace and water heater. No structural or foundation. HOA covers exterior, roof, water, sewer, trash, snow, clubhouse, pool, and greenbelt upkeep for about $375 per month. Tenants love the location and garage, keeping vacancy low.

Property Walk Through

• Entry opens to the right into a combined living and dining room.
• Off the dining space, the kitchen sits in its own corner-separate, not open.
• Beyond the kitchen, a short hallway runs to the back of the unit.
• The hallway holds a utility closet with an in-unit stacked washer and dryer.
• At the end of the hall are two bedrooms and the single full bathroom.
• Ground-level unit; the detached one-car garage is directly in front of the building.

Why this Works

1. Built-in profit
You start nearly 60k ahead.
2. Cash flow that pencils
Typical two-bed rents in Lakewood now sit between 1,650 and 1,800 a month. After HOA (375) and basic operating costs, a long-term rental still shows a healthy monthly spread and a gross yield in the eight-percent range.
3. Low cap-ex going forward
HOA handles exterior, roof, snow, and common areas. Your budget fixes window, HVAC, and cosmetics now, then capital needs drop for years.
4. Steady tenant pipeline
Belmar retail center, St Anthony Hospital, Red Rocks Community College, and downtown Denver commuters feed constant demand. The complex itself is mostly renter-occupied, so vacancy risk is low.
5. Multiple exits, low risk
Flip, refi and hold, or furnish for mid-term stays aimed at traveling professionals. Furnished Finder lists hundreds of requests in the Lakewood–Denver corridor every month, many budgeting two thousand or more. Check with the HOA to confirm.
6. Limited direct competition
Tiny complex, few sales, and no new condo construction nearby. When you bring a modernized unit to market, it stands out.

Put simply, the deal offers equity on day one, cash flow that works, and an address tenants actually want. Those three together are hard to ignore.

Neighborhood

Tree-lined streets, quick access to parks, and every Belmar retailer within a bike ride through the park. Light-rail straight to downtown and Highway 6 to the foothills keep both commuters and weekend warriors happy.