3290 N Cherry St, Denver, CO 80207

Clean, well maintained 7.5 cap listed in Excellent condition in a great up and up and coming neighborhood. Located in the Northeast Parkhill OPPORTUNITY ZONE, Fully rented turn-key up/down Duplex built in 1990 with additional storage lease on the garage. Great location right across the street from Axum Park and close to shopping and light rail. Recent upgrades include new Hardie siding on the exterior, New exterior paint, upper unit is recently remodeled. Both units are 4 bed/ 2 bath plus garage is rented. Upper unit rent: $2,300 including all utilities. Lower unit Rent: $2,450 including utilities, Garage rent: $475 per month. Total Gross Annual income is $61,000. 7.5 Cap using all repair expenses, taxes and insurance in the Cap Rate calculation! New tub surrounds 2018, New Vinyl flooring/Granite 2018, New kitchen,cabinets and appliances. New Attic Insulation and sound barrier installed between floors 2017. New Furnace in lower unit in 2018. New water heater upstairs in 2014.