4311 N Kalamath St, Denver, CO 80211

This is a great cash flow property! It is a duplex with both sides included in price. Each section is 1000+ sq ft bi-level with 2 bedrooms and 1.5 baths. It needs approx $10k in fixup.Rent = $700-750 per side, $1400-1500 total.Gross Expected Income at $1400 per month.Monthly Payment $578 (30 yr, 22k down, 3.807%)NOI= $747Cap rate= 7.6%Cash on Cash =15%This duplex sits on a space of land between two triplexes. All three buildings are currently empty and are being sold by banks (all were owned by same owner). This duplex and 1 triplex are under contract to be sold. This property sits behind denver housing projects and would be great section 8 housing.