Access Date and Time
Property Overview
Incredible downtown asset for your portfolio. Bright up down desireable duplex retains the curb appeal with refinished hardwoods on the main level but has the modern features and mechanical updates you expect to command top dollar in rental. Has tenants in place paying market rent on time, but can be delivered vacant when lease ends June 30. Each duplex has two bedrooms and a remodeled kitchen and each has custom tile bath and in unit laundry. The yard is fenced and there is a two car detached garage on the alley. Located in the heart of Lincoln Park and Santa Fe Art District, walk to Auraria and Metro State, light rail and downtown. Fully tenanted with on time tenants or can be delivered vacant 6/30.
2025 rent income was 50,520 with expenses of 6389for NOI $44130 and 7.25 Cap . Unit is in a premium location and excellent condition.
1035 W 12th Ave most similar comp sold for $670k in 2024 making $610k current market value making this a 7.25 Cap Rate.
About HomeTrust
no reno needed
Same products sold past two years between $670-690k, we discounted to $610k with $50,520/yr rent roll.
721 W 9th Ave Zillow
This Lincoln Park duplex sold for $690k 5/23. Our unit has all SF on main level and upstairs while the second unit here is in a true basement. The kitchen is not remodeled, has formica and white coil appliances, the bathrooms are 10+ and cheap plastic. Our unit is superior to this in every possible way. This comp also has no garage and we have 2 car. Zillow adjusts this value to $678k.
1035 W 12th Ave Zillow
Similar comp in design but this comp only has 1346 sf and our building is larger plus we have a garage, sold for $670k 14 months ago so we adjusted arv lower to $610k. Add back on for our 2 car detached garage and our unit is in much newer condition. Zillow says current value is $624,400.
